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
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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
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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
Continue ReadingBy 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
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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
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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
Continue ReadingCNN, 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
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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
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By Chris Isidore, CNN (CNN) — American drivers notice soaring gas prices. But another fuel – diesel – is also on the rise, and at a much faster pace. While you’ve likely never bought a gallon of diesel, it’s still worth worrying about. That’s because much of the world’s economy – from consumer goods to
Continue ReadingBy Brian Stelter, CNN (CNN) — In a victory for Voice of America staffers, a federal judge ruled Saturday that Kari Lake unlawfully ran the US Agency for Global Media (USAGM) for several months last year. The mass layoffs and other actions undertaken during that time “are void,” US District Judge Royce C. Lamberth wrote.
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By John Towfighi, CNN New York (CNN) — The Iran war sent oil futures surging to historic gains this week, while stocks fell sharply in a worldwide selloff. US stocks closed lower Friday as surging oil prices and weaker-than-expected jobs data added to concerns coursing through markets. The Dow fell 453 points, or 0.95%, recouping
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COLORADO SPRINGS/EL PASO COUNTY, Colo. (KRDO) — A stormwater project that started around Thanksgiving is about to cross busy North Gate Boulevard, marking the halfway point in a $5 million project that will lead to much-needed repaving work. The county’s public works department is building a retention basin on the south side of the boulevard,
Continue ReadingBy Elisabeth Buchwald, CNN (CNN) — A system to process at least $166 billion in tariff refunds could be up and running in 45 days. That’s the alternative to a manual process that could take 4 million hours, according to a senior US Customs and Border Protection executive. However, it’s still anyone’s guess as to
Continue ReadingBy Bryan Mena, CNN Washington (CNN) — The steep slowdown in hiring over the past year, largely due to the uncertainty sparked by President Donald Trump’s erratic tariff policy, has made it difficult for Americans to find work, especially recent college graduates. In 2024, young men were instrumental in handing Trump his electoral victory, according
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By Oren Liebermann, CNN (CNN) — Every reporter in Israel — and every member of the public — is subject to a military censor. On national security grounds, the regulation authorizes the censor to prohibit reporting or broadcasting any material that could reveal sensitive information or pose a threat to the country’s security interests. This
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By Bryan Mena, CNN Washington (CNN) — Spending at US retailers unexpectedly fell in January as consumer confidence languished and harsh cold weather buffeted various parts of the country. Retail sales declined 0.2% in January from the prior month, the Commerce Department said Friday, the biggest decline since May. January’s reading came in below expectations
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By Alicia Wallace, CNN (CNN) — Hiring at US businesses unexpectedly plunged last month as employers shed an estimated 92,000 jobs, according to new data released Friday by the Bureau of Labor Statistics. The unemployment rate edged higher to 4.4% from 4.3%. Economists were expecting job growth to slow somewhat after a surprisingly strong January
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By Hadas Gold, CNN (CNN) — Anthropic on Thursday said a Pentagon designation of the AI company as a “supply chain risk to America’s national security” won’t impact their business partners as heavily as Defense Secretary Pete Hegseth implied last week. Hegseth had announced in a post on X that, as a result of a
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By Samantha Delouya, CNN (CNN) — US mortgage rates didn’t stay below 6% for long. The average 30-year fixed mortgage was 6% for the week ending March 5, according to Freddie Mac – after war with Iran rattles financial markets. The yield on the 10-year Treasury, which mortgage rates closely follow, has climbed since President
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By John Towfighi, CNN New York (CNN) — Stocks sank, volatility picked up and oil prices surged to their highest level since mid-2024 as concerns about a prolonged war with Iran continue to roil markets. The Dow closed lower by 785 points, or 1.61%, recouping some losses in the afternoon after briefly falling more than
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