These charts show how Russia’s invasion of Ukraine has changed global oil flows
EU leaders reached a weekend agreement to ban the majority of Russian crude imports, but data show the global flow of oil has already been altered.
Financial News
China faces a nearly $1 trillion funding gap. It will need more debt to fill it.
The Chinese government faces a growing shortfall of cash, analysts say, as they predict an increase of debt to fill the gap.
Some investors got rich before a popular stablecoin imploded, erasing $60 billion in value
Venture capital firm Pantera Capital earned 100x on its investment, while Hack VC and CMCC Global got out before it collapsed in May.
Stocks could build on gains in the week ahead as investors await Friday’s jobs report
Stocks could carry the latest rally’s momentum into next week as investors look ahead to Friday’s jobs report.
‘Hypocrisy,’ ‘naivety’ and ‘greed’: Europe chided for failing to stop Putin’s war
The EU failed to counter Putin and needs to now strike flexible alliances across the world and search for new friends, current and former leaders told CNBC.
India wants to be the ‘pharmacy of the world.’ But first, it must wean itself from China
Already the world’s third-largest manufacturer of medicines by volume, India has one of the lowest manufacturing costs globally.Â
Fed minutes point to more rate hikes that go further than the market anticipates
The rate-setting Federal Open Market Committee on Wednesday released the minutes from its May 3-4 meeting.
Tech rout is just a ‘shake-out’: Top CEOs predict what’s next for markets
A recent sell-off in global technology stocks is not likely to metastasize into a crisis, top CEOs and investors have told CNBC.
U.S. announces major Asia economic deal in effort to boost profile, counter China
In a move to raise its profile and create a counterbalance to China within Asia, the United States has announced the Indo-Pacific Economic Framework.
Stock futures rise after Dow falls for 8th-straight week in relentless sell-off
Stock futures rose in overnight trading Sunday after the Dow fell for its 8th straight week amid a broader market sell-off.