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 audio version of the newsletter by clicking the same link. New York CNN Business — The White House isn’t very happy with OPEC’s decision to slash oil production […]
CNN — US forces killed two top ISIS leaders in an airstrike in northern Syria on Thursday, according to two defense officials, one day after a US raid killed an ISIS smuggler. The strike killed Abu ‘Ala, one of the top five ISIS leaders and the deputy leader of ISIS in Syria, as well as […]
New York CNN Business — Tyson Foods is the latest company closing its Chicago offices, joining Boeing, Caterpillar and Citadel among others. The poultry producer said Wednesday that it’s bringing together its corporate employees at its global headquarters in Arkansas, resulting in the closure of three offices, including downtown Chicago, Downers Grove, Illinois, and Dakota […]
London CNN Business — OPEC+ said Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the pandemic, in a move that threatens to push gasoline prices higher just weeks before US midterm elections. The group of major oil producers, which includes Saudi Arabia and […]
CNN — As protesters took to the streets of Iran following the death in detention of Mahsa Amini, a 22-year-old woman apprehended for apparently not wearing her hijab properly, videos of the uprising began to flood the internet. Clips of students tearing up pictures of the Ayatollah in northern Iran. Photos of women removing their […]
São Paulo, Brazil CNN — Brazilians woke up to four more weeks of campaigning after a presidential vote on Sunday destined frontrunners Luiz Inácio “Lula” da Silva and Jair Bolsonaro to a second round run-off later this month. Results released Monday by Brazil’s Superior Electoral Court (TSE) showed left-wing candidate and former president da Silva […]
CNN — A US airstrike in Somalia killed an al-Shabaab militant leader on Saturday in coordination with the Somali government, US Africa Command said in a statement. The US said the initial assessment of the strike was that an al-Shabaab militant leader had been killed and there were no civilian casualties. Although the statement did […]
New York CNN Business — Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s edge. The question of a recession is no longer if, but when. Over the past week, the pulse of those flashing red lights quickened as markets grappled with the reality — once speculative, […]
New York CNN — US officials are increasingly troubled by the United Kingdom’s proposal to slash taxes at a time of crushing inflation, a plan that has ignited turbulence in financial markets. UK Prime Minister Liz Truss’s tax-cut plan has drawn criticism from economists and investors and prompted the Bank of England to calm panicked […]
New York CNN Business — Warning lights are flashing in the global economy as high inflation, drastic rate hikes and the war in Ukraine take their toll. There is currently a 98.1% chance of a global recession, according to a probability model run by Ned Davis Research. The only other times that recession model was […]