CNN – Business/Consumer

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

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 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

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

By Tami Luhby, CNN (CNN) — President Donald Trump’s “big, beautiful bill” created several new tax measures that eligible taxpayers could claim this filing season. They include tax breaks on tips and overtime income, an enhanced deduction for senior citizens, a new deduction for car loan interest and a higher cap on state and local

CNN, MARINETRAFFIC, CNN TURK By Auzinea Bacon, David Goldman, CNN (CNN) — The price of oil kept climbing Monday, having surged past $100 per barrel Sunday, the first time it crossed that mark since Russia’s 2022 invasion of Ukraine. Brent crude, the global oil benchmark, neared $120 a barrel in early trade before paring some

By Phil Mattingly, Zachary Cohen, CNN (CNN) — The Trump administration is currently trapped between the specter of a global economic recession and a naval catastrophe. As the conflict with Iran intensifies, the world’s energy arteries are constricting to a point of “nonlinearity,” where every day the Strait of Hormuz remains closed doesn’t just double

By Matt Stiles, Tal Yellin, Byron Manley, Lou Robinson, Renée Rigdon, Annette Choi, Soph Warnes, Becky Pinnington, CNN (CNN) — Global oil and US gas prices are persistently high, even though traffic is flowing again in the Strait of Hormuz. Prices eased over the summer after the United States and Iran signed a peace plan

By Lisa Eadicicco, CNN (CNN) — Anthropic is suing the Department of Defense and other federal agencies on Monday over the Trump administration’s decision to label the AI company a “supply chain risk.” The lawsuit is the latest development in an ongoing standoff between the Pentagon and one of world’s most prominent AI companies as

By Jordan Valinsky, Hannah Rabinowitz, CNN New York (CNN) — Live Nation and Ticketmaster have reached a settlement with federal authorities over accusations the ticket giant’s business practices created a monopoly of the live events music industry. A senior justice official said in a briefing Monday that the agreement will give consumers more options and

By John Towfighi, CNN New York (CNN) — US stocks recovered losses Monday and oil prices plummeted after settling at their highest level since 2022, as the war with Iran continued to roil markets. It was a volatile 24 hours in markets. US crude oil prices soared to nearly $120 per barrel late Sunday before

By David Goldman, Matt Egan, CNN (CNN) — A historic disruption to the world’s oil production sent crude prices smashing through the $100 barrier Monday for the first time in nearly four years, before prices settled just below $100. The the war with Iran drags on, oil futures could have considerably more room to run

By Jordan Valinsky, CNN New York (CNN) — Struggling beer sales should spell doom for the world’s largest brewer. Anheuser-Busch InBev hasn’t gotten that memo. The company has emerged on the other side of a Bud Light boycott as a bright spot among an industry grappling with customers that are drinking less or ditching beer

By Auzinea Bacon, David Goldman, CNN (CNN) — The price of oil kept climbing Monday, having surged past $100 per barrel Sunday, the first time it crossed that mark since Russia’s 2022 invasion of Ukraine. Brent crude, the global oil benchmark, neared $120 a barrel in early trade before paring some of those gains to