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Investing
Janet Yellen says she expects soaring oil prices to stabilize
Treasury Secretary Janet Yellen on Monday said she thinks oil prices will stop rising but that the Biden administration is watching carefully. “My…
Thieves stole nearly $200 million from Europe’s largest copper producer
Fraudsters have robbed Europe’s largest copper producer of €185 million ($198 million) worth of the metal, possibly with the help of insiders,…
Why the Fed’s next decisions on rates could lead to a wave of commercial-debt defaults
Getting staff back to the office is only part of the battle. Regional banks that went big lending on office properties also face a ticking time bomb of…
FTX sues Sam Bankman-Fried’s parents over millions in ‘misappropriated’ funds
Bankrupt crypto exchange FTX is suing founder Sam Bankman-Fried’s parents, accusing them of siphoning millions of dollars in company funds to…
Home building sank in August amid crushing mortgage rates
US home building sank in August, dropping 11.3% from July levels, as mortgage rates stayed elevated amid lingering inflation.…
The iPhone’s small but powerful Action Button is more than a one-trick pony
The new iPhone 15 Pro lineup offers the typical slate of new features designed to persuade customers to upgrade: They’re slimmer and thinner…
Banks scramble to find leaders equipped for today’s economic realities
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…