Money

By John Towfighi, CNN New York (CNN) — Tightening global copper supply, robust demand from the AI boom and uncertainty over tariffs are all whipping up a frenzy for the red metal. It’s sending prices soaring to their highest levels ever. Copper futures traded in New York settled at $6.89 per pound on Wednesday, their

By John Towfighi, Matt Egan, CNN (CNN) — Oil prices surged Thursday, with Brent crude hitting $108 per barrel for the first time since May, as traders brace for a more prolonged supply shock caused by the Iran war. Oil prices have climbed back above the $100 per barrel mark this week as fighting in

By Elisabeth Buchwald, CNN (CNN) — US inflation at the wholesale level accelerated last month, as the war with Iran pushed up energy prices. The Producer Price Index, which tracks price changes received by US producers and manufacturers, increased 5.4% in the 12 months that ended in August. That was a 0.6% acceleration from 4.8%

By Allison Morrow, CNN If you find yourself getting lost (or bored) by bond market news, we hear you. No one is born understanding what a yield curve is, and even financial experts sometimes struggle to articulate the goings-on of the cryptic $160 trillion market. But when this normally sleepy corner of Wall Street starts

By Jordan Valinsky, CNN New York (CNN) — Omaha Steaks, the pioneering meat delivery company, has been around for over a century. But if it wants to survive amid record-high beef prices, the company has to become speedier, leaner and offer cheaper cuts. That’s the direction CEO Nate Rempe is taking the 109-year-old company, with

By Elisabeth Buchwald, CNN (CNN) — What do pony fur, sequins, golf carts, bamboo furniture and mezcal have in common? Until Tuesday evening, not much. Now they’re among what could soon be unlikely casualties of President Donald Trump’s intensifying trade war with Canada. The Trump administration added those items, among dozens of others, to a

By Lisa Eadicicco, CNN Cupertino, CA (CNN) — The iPhone is getting the biggest change in its nearly 20-year history: a screen that can bend in half. Apple on Wednesday announced the iPhone Duo, the company’s first foldable smartphone, signaling a major revamp of its most important product. Based on my limited time using the

By John Towfighi, CNN New York (CNN) — US bond yields rose Wednesday to their highest levels in almost three years after the Treasury Department said it would buy back up to $6 billion of government bonds, giving investors more insight into the size of the operation first announced last month. The 10-year US Treasury

By Samantha Delouya, CNN (CNN) — For the past few years, the math of buying a home in the United States has been tough: low inventory, high mortgage rates and record-high prices have made homeownership increasingly expensive. Earlier this year, there was hope that the housing affordability picture might finally be improving. Mortgage rates briefly

By Hadas Gold, Martin Goillandeau, David Goldman, CNN (CNN) — “The people building AI earnestly believe that it could kill us all by the end of the decade.” That blunt admission from former Anthropic employee Jacob Coxon made waves Tuesday, as the just-quit 27-year-old AI researcher spilled the beans on his way out the door

By John Towfighi, Matt Egan, CNN New York (CNN) — Global oil prices are back above $100 per barrel as fighting in the Middle East raises concerns about prolonged disruptions to oil supply. Brent crude, the global oil benchmark, rose 3.36% Wednesday and settled at $101.21 per barrel. It was Brent’s first time hitting $100

By Ramishah Maruf, CNN New York (CNN) — The Trump administration on Tuesday expressed “profound concern” to carmaker Ford about its alleged ties to Chinese technology and manufacturing. In a letter to Ford CEO Jim Farley, Transportation Secretary Sean Duffy cited Ford’s links to Chinese companies such as battery manufacturer CATL and concerns over the

By Elisabeth Buchwald, CNN New York (CNN) — The trade war between the United States and Canada has entered a new chapter — and it’s getting uglier by the hour. Early Tuesday morning, Canada made good on its promise to impose tariffs on $20 billion worth of American goods in retaliation for the Canadian goods

By Brian Stelter, CNN (CNN) — Fox News is “suppressing MAGA news” and enforcing a “shadow ban” of some of President Donald Trump’s surrogates, White House trade adviser Peter Navarro charged in an audacious op-ed on Tuesday. Navarro also defended Maria Bartiromo, the longtime Fox host and Trump friend the network ousted last week. And

By Jordan Valinsky, CNN New York (CNN) — When incoming Lululemon CEO Heidi O’Neill starts her new job on Tuesday, she will have a lot of heavy lifting to do. Last week, the struggling athleisure brand reported another dismal earnings report, posting a 12% drop in sales in North America and slashing its full-year outlook

By Michelle Velez, CNN (CNN) — Brazilian oil production and exports have hit record highs this year, largely due to increased demand from China as the US-Iran war continues to reshape global trade and geopolitical relationships. The change highlights a global race for alternative energy sources as Middle East conflict slows oil from the region