Oil Futures Settle Sharply Lower On Growth Worries

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 […]

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Crude Prices Surge As Supply Concerns Continue Unabated

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 […]

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Robinhood stock gets off to rocky start

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 […]

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Is the US in a recession? Hear what Jerome Powell thinks

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 […]

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Wealth boom masks big gaps between haves and have-nots

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 […]

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