New York — The world economy is being held hostage by the de facto closure of the Strait of Hormuz. Gasoline, jet fuel and diesel prices have skyrocketed. Stock markets have tumbled, and recession
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. New York — Oracle is reportedly laying off thousands of employees, adding
Markets are rallying on a familiar bet: That President Donald Trump will, once again, back down. (It’s not called TACO Tuesday for nothing.) The Dow, S&P 500 and the Nasdaq just had their
A federal judge on Tuesday ruled that a key part of President Trump’s executive order targeting NPR and PBS was unconstitutional, blocking the administration from denying federal funds based on editorial viewpoint. The
US businesses are adding workers at the weakest pace in 15 years, excluding the onset of the pandemic, new data showed Tuesday, a sign that there was an even deeper chill cutting through
Warren Buffett said he doesn’t regret the billions he donated to the Gates Foundation despite revelations of the close ties between Bill Gates and convicted sex offender Jeffrey Epstein, but that he is
New York — US stocks moved sharply higher Tuesday, putting markets on track to close out a rough month on a high note: The Dow rose 954 points, or 2.1% by midday. The S&P
New York — Hellmann’s owner Unilever is spinning off its food business and merging it with spice maker McCormick to create a grocery staples behemoth. The deal values the Uniliver brands at about $45
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Good news: Oil traders are betting the Iran war will end fairly soon. Bad news: They’re also betting the economic damage from the war could last for years. Crude has surged above $110
