Money

By Alicia Wallace, CNN Business For the past few years, developer and home builder Estridge Homes could bank on the price quotes it received for asphalt holding steady for at least nine months. That window is now 15 days. For many home builders, supply chain disruptions from the pandemic have meant garage doors are on

By Charles Riley, CNN Business The barrage of sanctions imposed by the West following Russia’s invasion of Ukraine decimated the ruble. But one month after the tanks rolled, the currency has made a full recovery and is now trading at levels seen prior to the war. How is that possible? Russia’s central bank has taken

By Matt Egan, CNN Business Oil prices will probably stay near triple-digits and could even spike to $150 a barrel if the war in Ukraine severely disrupts Russia’s energy supplies, Joe McMonigle, the secretary general of the International Energy Forum, told CNN. McMonigle, whose organization serves as a go-between for energy consuming countries like India,

By Sonia Moghe, CNN A Connecticut judge is holding notorious conspiracy theorist Alex Jones in contempt of court after he failed to comply with multiple orders for Jones to sit for a deposition in a defamation suit brought against him by families of victims of the Sandy Hook shooting. The judge did, however, stop short

By Chris Isidore, CNN Business Tesla shares have been on a tear in recent weeks as Elon Musk marked the company’s first deliveries from its new Berlin factory, easing investors’ fears about whether the EV maker would receive the necessary approvals from the German government. “I’d say 30% of investors we talked to over the

By Parija Kavilanz, CNN Business Two years of pandemic uncertainty forced many couples to postpone or even cancel their nuptial celebrations. But weddings are coming back with gusto. This year’s wedding boom is projected to be big, according to a new report from wedding planning site The Knot. It anticipates as many as 2.6 million

By Nathaniel Meyersohn, CNN Business Toys “R” Us filed for bankruptcy in 2017 and closed all of its stores. That’s left an opening for rivals like discount toy chain Five Below to fill the gap. Five Below, as its name suggests, sells most of its toys, games, room decorations and tech accessories for less than

By Chris Isidore, CNN Business Problems with global supply chains were supposed to be getting better by now. Instead, experts say they are getting worse. Russia’s invasion of Ukraine, which cut off exports from Ukraine and put Russian businesses under sanction, has set off a series of new supply-chain bottlenecks. So has a surge in

By Anneken Tappe, CNN Business America’s private sector added 455,000 jobs in March, the ADP Employment Report showed Wednesday. That was slightly better than economists had expected but fell short of the February report, which was revised higher. It was also the weakest monthly gain in private sector jobs since August. This relative slowdown is