Since the Russian invasion of Ukraine began on February 24, shares of seven alternative energy stocks have added between 23% and 55% to their share prices. The not-so-good news for investors is that before Putin’s war, just three of these stocks traded in the green for the past 12 months, and all still trade well below yearly highs posted in […]

Russia is on the verge of defaulting on its debts in another indication of how effective western financial sanctions have been in throttling its financial sector and economy. The sanctions on its central bank have cut off access to the most useable elements of its considerable foreign currency reserves and the banning of its key banks from the SWIFT financial […]

New York (CNN Business)Stocks surged Wednesday as investors celebrated a drop in crude oil prices. The Dow gained more than 700 points, or 2.1%, in midday trading. It was a broad-based rally, with oil giant Chevron (CVX) the only Dow stock trading lower. The S&P 500 and Nasdaq were up about 2.6% and 3.2% respectively. If the gains hold throughout […]

Slideshow ( 2 images )LVIV, Ukraine (Reuters) – Civilians will start leaving the besieged Ukrainian city of Sumy on Tuesday under an agreement with Russia on the establishment of a “humanitarian corridor”, Ukrainian Deputy Prime Minister Iryna Vereshchuk said. “It has been agreed that the first convoy will start at 10 a.m. (0800 GMT) from the city of Sumy. The […]

ROME (Reuters) -Prime Minister Mario Draghi has approved a decree allowing Italy’s state broadcaster RAI to cut its holding in towers unit Rai Way below 51%, three government officials said, in a move expected to trigger sector consolidation.FILE PHOTO: Italian Prime Minister Mario Draghi speaks with the media as he arrives for the EU-Africa summit at the European Council building […]

The number of companies reporting earnings this week begins the end-of-season drop before the next one begins in mid-April. That does not mean that nothing is happening. There are a couple of biggies coming (Campbell Soup and Oracle) along with some new favorites (CrowdStrike and Rivian). The broad markets opened somewhat lower Monday morning, but well off their premarket lows. […]

The futures were lower Monday, following the fourth straight down week on Wall Street. Oil futures exploded this weekend, with Brent crude hitting nearly $140, while West Texas Intermediate hit $130 before pulling back. The reason for the massive spike in price is that the United States appears closer to a ban on the import of Russian oil and energy […]

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. London (CNN Business)The run-up in oil prices since Russia invaded Ukraine has been dramatic. But analysts and traders think the recent rally […]