finances and investments

West struggles to set oil price cap that hurts Russia |  CNN Business

West struggles to set oil price cap that hurts Russia | CNN Business

London CNN Business — Ukraine’s allies want to put a price cap on Russian oil. But there’s a problem: they can’t agree on a figure that would put pressure on the Kremlin. The biggest Western economies agreed earlier this year to cap the price of Russia’s most valuable export and pledged to work out the …

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Mortgage rates fall for the second week in a row |  CNN Business

Mortgage rates fall for the second week in a row | CNN Business

Mortgage rates fell again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending Nov. 23, down from 6.61% the previous week, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, boosted …

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Everyone from the veterinarian to the hairdresser is raising prices.  And there's no relief in sight |  CNN Business

Everyone from the veterinarian to the hairdresser is raising prices. And there’s no relief in sight | CNN Business

Minneapolis CNN Business — When Teri Byrd opened her 4 Paws veterinary clinic in Vashon, Washington four years ago, her goal was to grow the business. And she succeeded – at first. But Covid has disrupted his business as it has for many others. After the first pandemic closures, his business was helped by federal …

Everyone from the veterinarian to the hairdresser is raising prices. And there’s no relief in sight | CNN Business Read More »

The London rental market has become a "nightmare".  Here's why |  CNN Business

The London rental market has become a “nightmare”. Here’s why | CNN Business

London CNN Business — For Rebeca Blázquez, the last few weeks have been a “nightmare”. Based in Madrid but hoping to find work in London before starting her masters, the 22-year-old university graduate spent a month searching online for a room to rent. in London on a budget of £900 ($1,070). She sent dozens of …

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Elizabeth Holmes sentenced to more than 11 years in prison for fraud |  CNN Business

Elizabeth Holmes sentenced to more than 11 years in prison for fraud | CNN Business

CNN — Elizabeth Holmes was sentenced to more than 11 years in prison on Friday following her conviction in January for defrauding investors while running the failed blood testing startup Theranos. Judge Edward Davila imposed a sentence of 11 years and three months in prison, with a further three years of supervision after Holmes’ release. …

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Elon Musk's 50 billion dollar lawsuit is coming to an end |  CNN Business

Elon Musk’s 50 billion dollar lawsuit is coming to an end | CNN Business

washington d.c. CNN — The trial of Tesla shareholders’ lawsuit examining CEO Elon Musk’s unprecedented compensation package concluded on Friday afternoon. Chancellor Kathaleen McCormick has not issued a decision from the bench, and it could take weeks to months before a decision is made. “We have a lot of work ahead of us,” McCormick told …

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Home sales in the United States fall for the 9th consecutive month in October |  CNN Business

Home sales in the United States fall for the 9th consecutive month in October | CNN Business

U.S. home sales fell for the ninth straight month in October as soaring mortgage rates and high prices pushed buyers out of the market. Sales of existing homes — which include single-family homes, townhouses, condominiums and co-ops — were down 28.4% in October from a year ago and 5.9% from September , according to a …

Home sales in the United States fall for the 9th consecutive month in October | CNN Business Read More »

Global investors bullish on China again as Beijing shifts to damage control |  CNN Business

Global investors bullish on China again as Beijing shifts to damage control | CNN Business

hong kong CNN Business — Market sentiment on Chinese stocks hit rock bottom just weeks ago after President Xi Jinping secured a historic third term in office and piled his best team with loyalists in a sweep not seen since Mao era. But last week, a series of unexpected moves from Beijing — the easing …

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Mortgage rates plunge, biggest weekly drop since 1981 |  CNN Business

Mortgage rates plunge, biggest weekly drop since 1981 | CNN Business

Editor’s note: Freddie Mac, which has tracked weekly average mortgage rates since 1971 and has periodically made changes to its primary mortgage market survey, changed the source of its data effective November 17, 2022. Instead of surveying lenders, weekly results will be based on applications received from lenders that are submitted to Freddie Mac. Learn …

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