Money

By Anna Bahney, CNN Business Mortgage rates rose again this week as the conflict in Ukraine and rising inflation continued to weigh on the US economy. The 30-year fixed-rate mortgage averaged 4.67% in the week ending March 31, up from 4.42% the week before, according to Freddie Mac. Rates climbed in the face of rising

By Anneken Tappe, CNN Business America’s inflation problem didn’t abate in February, as another key price measure rose to a 40-year high. The Personal Consumption Expenditures price index rose 6.4% in February from the same period a year earlier. It was the fastest increase since January 1982, the Bureau of Economic Analysis reported Thursday. Stripping

By Anna Cooban, CNN Business Germany “will be poorer” because of Russia’s assault on Ukraine, the government’s economy minister has warned, as soaring energy prices fuel record inflation and threaten to tip Europe’s biggest economy into a recession. “It is not possible that this ends without costs for German society, it is unthinkable,” Robert Habeck

By Julia Horowitz, CNN Business Oil prices are pulling back sharply as investors gear up for the White House to potentially unleash a record amount of crude from US reserves in a bid to ease pressure at the pump following Russia’s invasion of Ukraine. What’s happening: President Joe Biden is weighing a plan to release

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