A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business)China’s yuan has fared better than many other major currencies this […]

Crude oil prices fell sharply on Monday amid concerns about outlook for energy demand after the latest manufacturing surveys showed factory activity in Asia and Europe weakened last month. Also, traders appeared reluctant to create fresh long positions in the commodity ahead of this week’s OPEC+ meeting, in which the […]

If you were a funds manager during last year’s bull market, says GQG Partners’ James Anders, it wasn’t hard to look good. Then came a war in Ukraine, rising inflation, soaring energy prices and market volatility, and the outlook wasn’t so rosy. It’s conditions like these he believes will test […]

Crude prices surged more than 2 percent in overnight trading amidst continuing concern over the supply position. The recent massive decline in crude oil inventories in the U.S. and the perception that the OPEC+ would not agree for an output boost drove prices of the black fluid higher. Data released […]

New York (CNN Business)Wall Street didn’t exactly roll out the red carpet to welcome Robinhood after its highly anticipated debut. The fast-growing trading company finished Thursday at $34.82, down 8% from its initial public offering price. Robinhood failed to score the first-day pop that new companies covet. And that’s despite […]

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business)Before the Federal Reserve announced another supersized interest rate hike on […]

ZurichCredit Suisse has named asset management boss Ulrich Koerner as its new CEO, who is tasked with scaling back investment banking and cutting more than $1 billion in costs to help the bank recover from a string of scandals and losses. The Swiss bank has dubbed 2022 a “transition” year […]

New York (CNN Business)The first half of 2022 was awful for stocks. But investors have seen a rebound in July and the markets are currently enjoying their best month of the year. So far in July, the Dow is up 3.9% so far, the S&P 500 has jumped 4.8% and […]

When COVID-19 smashed into the world economy a little over two years ago, who would have thought we’d end up with a massive boom in household wealth? That, however, is what we got, thanks to a bonanza in housing and sharemarkets, underpinned by ultra-cheap debt and government stimulus. Housing was […]

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business)The European Central Bank is about to raise interest rates for […]