Money

By Jeanne Sahadi, John Towfighi, CNN (CNN) — It’s hard not to be worried by the avalanche of upsetting news stemming from the decision of the US and Israel to launch a war on Iran. Nor about how that decision will affect the world’s economies and markets for months, if not years to come. No

By Luciana Lopez, Stephanie Yang, CNN (CNN) — Oil prices traded near their highest level since 2022 Friday, shrugging off the Trump administration’s earlier decision to temporarily allow the delivery and sale of sanctioned seaborne Russian crude – a waiver aimed at mitigating a surge in prices following its attacks on Iran. The license, posted

By Ramishah Maruf, CNN New York (CNN) — Buzzfeed, the digital media company that took the mid-2010s by storm, said on Thursday it has “substantial doubt” about its ability to continue as a business. In an earnings report released Thursday, Buzzfeed said it has engaged in “strategic conversations” about relieving its liquidity issues. “We believe

By Julian Torres, CNN New York (CNN) — With war in the Middle East raging, oil prices are soaring. To temper the costs, the United States government is turning to oil stored in massive salt caverns. The US Department of Energy (DOE) announced yesterday that the US will release 172 million barrels of oil from

By Samantha Delouya, CNN (CNN) — A bipartisan group of senators passed a bill Thursday aimed at improving housing affordability. The measure contains roughly 40 provisions intended to increase housing supply and lower costs. It remains to be seen if it can pass the House as is, and comes one month after the House of

CNN, POOL, SENATE TVL HOUSE TV By Samantha Delouya, CNN (CNN) — A bipartisan group of senators passed a bill Thursday aimed at improving housing affordability. The measure contains roughly 40 provisions intended to increase housing supply and lower costs. It remains to be seen if it can pass the House as is, and comes

By Bryan Mena, CNN Washington (CNN) — US mortgage rates climbed this week as investors fret the economic impact of President Donald Trump’s war on Iran, undoing some of the welcomed progress in housing affordability. The average rate of a standard, 30-year fixed mortgage was 6.11% in the week ending March 12, according to a

By John Towfighi, CNN New York (CNN) — Stocks fell and global oil prices settled at $100 per barrel for the first time since 2022 as the effective closure of the Strait of Hormuz continued to roil markets. The major US stock indexes each closed lower by more than 1.5%, extending a recent bout of

By Elisabeth Buchwald, CNN (CNN) — Ever since the US and Israel struck Iran, the jump in oil and gas prices has become a major focus for markets and consumers alike. But that’s only the top of a long list of goods that stand to get more expensive. With oil prices shooting up, the cost

By John Liu, CNN Hong Kong (CNN) — In an era marked by US overseas military actions and trade turbulence, Chinese leader Xi Jinping is counting on a plan to shield his country from the storm: driving innovation to transform China into the world’s leading tech superpower. Over the next five years, China seeks to

By John Liu, Hanna Ziady, CNN Hong Kong/London (CNN) — Brent crude oil hovered around $100 a barrel Thursday, after Iran’s new leader said the Strait of Hormuz would remain shut and as further attacks on ships in the Gulf spooked energy traders. In comments delivered by an anchor on Iranian state television, Mojtaba Khamenei

By Harmeet Kaur, CNN (CNN) — This week, as the US and Israeli war against Iran continued to expand across the Middle East, traders and analysts have been fretting about “Brent” as if he’s an old, wayward friend: “Brent” got the highest anyone had seen in years on Monday. Later in the day, “Brent” fell

CNN By Elisabeth Buchwald, CNN (CNN) — Annual inflation was unchanged last month at 2.4%, according to the latest Consumer Price Index, released Wednesday. On a monthly basis, prices rose 0.3% in February, a faster pace than January’s 0.2%, according to the Bureau of Labor Statistics. The February inflation data was gathered before the United

By Chris Isidore, CNN (CNN) — Global oil prices have fallen well below their recent peak. But don’t expect to see relief at the pump in the coming days. The war in Iran virtually closed the Strait of Hormuz, choking off about a fifth of the world’s oil. However, oil prices tumbled by 12% on

By Elisabeth Buchwald, CNN (CNN) — Annual inflation was unchanged last month at 2.4%, according to the latest Consumer Price Index, released Wednesday. On a monthly basis, prices rose 0.3% in February, a faster pace than January’s 0.2%, according to the Bureau of Labor Statistics. The February inflation data was gathered before the United States

By Hanna Ziady, CNN London (CNN) — Member countries of the International Energy Agency unanimously agreed Wednesday to release 400 million barrels of oil into the global market – the largest release of emergency oil stocks in history – in a drastic move aimed at shoring up crude supplies and capping a surge in prices

By Hadas Gold, CNN (CNN) — Meta, the company behind some of the world’s most popular social media platforms, just scooped up a new site – for bots. Meta has acquired Moltbook, the social media network where AI agents interact with one another autonomously, the company said in a statement on Tuesday. Meta is competing

By Hanna Ziady, CNN London (CNN) — Oil prices fell sharply Tuesday after US President Donald Trump said the war with Iran would be over “very soon,” though they remain volatile and well above their levels before the conflict started. Also on Tuesday, the world’s biggest oil exporter, Saudi Aramco, warned of the war’s potentially

By Jeanne Sahadi, CNN (CNN) — The IRS is operating with roughly 27% fewer employees this tax filing season than it did last year. And, last July, a major new tax law took effect, containing many new provisions affecting individuals for tax year 2025. We checked in with some tax professionals to get a read

By Chris Isidore, CNN (CNN) — Investors rattled by the war in Iran have sent oil prices skyrocketing – and global governments have noticed. The world’s biggest economies are now considering emergency releases of millions of barrels of oil into the market. But while that might sound like a lot, experts say even tens of