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Year: 2022

US economy flashes a recession warning sign

By Paul R. La Monica, CNN Business Surging oil and gas prices have raised recession alarm bells around the world. But another economic indicator is starting to look ominous: The yield curve is flattening. Wall Street closely watches the difference, or spread, between short-term government bond yields, most notably the 2-year Treasury, and longer-term bond

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Russia could default on its debt within days

CNN, CNNBUSINESS By Charles Riley, CNN Business Russia has sent the clearest signal yet that it will soon default — the first time it will have failed to meet its foreign debt obligations since the Bolshevik revolution more than a century ago. Half of the country’s foreign reserves — roughly $315 billion — have been

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The Rolling Stones announce new ‘Sixty’ tour

By Marianne Garvey The Rolling Stones are still rocking hard. The legendary group announced a European tour, called “Sixty,” which will hit Madrid (Spain), Munich (Germany), Liverpool (UK), Amsterdam (Netherlands), Bern (Switzerland), Milan (Italy), London (UK), Brussels (Belgium), Vienna (Austria), Lyon (France), Paris (France), Gelsenkirchen (Germany) and Stockholm (Sweden). They will perform fourteen shows in

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Oil tumbles below $100 a barrel

CNN By Matt Egan, CNN Business US oil prices tumbled below $100 a barrel on Monday, unwinding a significant chunk of the recent spike caused by Russia’s invasion of Ukraine. Oil plunged more than 8%, touching a low of $99.76 a barrel. That means oil has lost almost roughly quarter of its value since touching

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Ukrainian President Zelensky will give virtual address to members of Congress

By Clare Foran, CNN Ukrainian President Volodymyr Zelensky will deliver a virtual address Wednesday to members of Congress, House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer announced. The address by the Ukrainian President comes amid Russia’s ongoing unprovoked and deadly invasion of the country and as Ukraine continues to press the United States

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