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CNN — In the coming weeks, the shelves at dozens of food pantries in California’s Fresno County will be a little emptier. Visitors won’t be able to take home as many groceries, and their bags will contain fewer nutritious items like chicken, eggs, milk and cheese. That’s largely because the US Department of Agriculture has…
New York CNN Business — Oil prices on Tuesday climbed to their highest level in nearly seven years after OPEC and its allies declined to significantly ramp up production. US crude jumped another 1.4% to settle at $78.93 a barrel. For much of the day, it was trading above $79 a barrel, a level unseen…
New York CNN — Gold isn’t the only metal smashing through record high prices. Copper prices in New York hit a record high on Wednesday after Bloomberg reportedthat President Donald Trump might impose tariffs on copper imports in the coming weeks. Wall Street had expected tariffs on copper to come later this year. The most…
CNN — President Donald Trump announced a complete three-month pause on all the “reciprocal” tariffs that went into effect at midnight, with the exception of China, a stunning reversal from a president who had insisted historically high tariffs were here to stay. But enormous tariffs will remain on China, the world’s second-largest economy. In fact,…
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London CNN Business — For decades, crude oil has been at the center of global commodities markets. Demand has served as a crucial metric of economic health, and price spikes have had…
London CNN — Gold prices hitan all-time high Monday, buoyed by growing expectations of interest rate cuts among investors, a weaker dollar and geopolitical tensions. Prices for the yellow metal jumped as much as 3% in Monday trade to reach $2,135 per ounce, rising above the previous record of $2,072 notched in August 2020. Prices…
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London CNN Business — In recent weeks, investors have poured money into bets on raw materials like steel and iron ore, confident that limits to supply and massive post-pandemic demand would trigger…
CNN — President Donald Trump on Wednesday launched a US trade war with every country via a barrage of tariffs that are set to go into effect almost immediately. American consumers and businesses stand to pay a hefty price for that battle. For the first time since Trump’s return to the Oval Office, it’s not…
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London CNN Business — The US jobs report for July was really good. How good? Yields on benchmark US 10-year bonds moved higher to roughly 1.3% after the jobs report on Friday,…