MarketsFeaturedFear & Greed IndexLatestBy , and , CNN BusinessLink Copied!Ad Feedback — Global markets are plunging after the implosion of an alliance between OPEC and Russia caused the worst one-day crash in in nearly 30 years, fueling panic triggered by the escalation of the coronavirus epidemic.The S&P 500 fell about 6%. The Dowfell as many as 2,046 points. The Nasdaq Compositewas down 5.4%. The New York Stock Exchange halted trading for 15 minutes after stocks plunged more than 7%. They retraced some of their losses after the market reopened.The sell-off carried over...…MarketsFeaturedFear & Greed IndexLatestBy , and , CNN BusinessLink Copied!Ad Feedback — Global markets are plunging after the implosion of an alliance between OPEC and Russia caused the worst one-day crash in in nearly 30 years, fueling panic triggered by the escalation of the coronavirus epidemic.The S&P 500 fell about 6%. The Dowfell as many as 2,046 points. The Nasdaq Compositewas down 5.4%. The New York Stock Exchange halted trading for 15 minutes after stocks plunged more than 7%. They retraced some of their losses after the market reopened.The sell-off carried over...WW…

MarketsFeaturedFear & Greed IndexLatestAnalysis by , CNN BusinessLink Copied!Ad Feedback — Brexit and the coronavirus pandemic are . Could it end up looking more like Turkey, Mexico and than France, Germany and the ?Some analysts on Wall Street are beginning to wonder whether a volatile currency, and a reliance on foreign investors could relegate the United Kingdom to “emerging market” status.Bank of America suggested in a recent note to clients that it may be time to treat the as an emerging market currency, citing Brexit and worsening debt dynamics as a result of...…MarketsFeaturedFear & Greed IndexLatestAnalysis by , CNN BusinessLink Copied!Ad Feedback — Brexit and the coronavirus pandemic are . Could it end up looking more like Turkey, Mexico and than France, Germany and the ?Some analysts on Wall Street are beginning to wonder whether a volatile currency, and a reliance on foreign investors could relegate the United Kingdom to “emerging market” status.Bank of America suggested in a recent note to clients that it may be time to treat the as an emerging market currency, citing Brexit and worsening debt dynamics as a result of...WW…

London (CNN Business)In early March, a Telegram user posted a photo of wreckage at a school in a suburb of Kharkiv, Ukraine. The photo showed the side of a classroom with a large blast hole and a pile of debris including desks and chairs.International law prohibits intentional attacks on educational facilities. That means the picture could serve as evidence of a potential war crime, according to Starling Lab, a research center affiliated with Stanford University and the USC Shoah Foundation.Together with a team of human rights experts and specialist lawyers, Starling submitted evidence of...…London (CNN Business)In early March, a Telegram user posted a photo of wreckage at a school in a suburb of Kharkiv, Ukraine. The photo showed the side of a classroom with a large blast hole and a pile of debris including desks and chairs.International law prohibits intentional attacks on educational facilities. That means the picture could serve as evidence of a potential war crime, according to Starling Lab, a research center affiliated with Stanford University and the USC Shoah Foundation.Together with a team of human rights experts and specialist lawyers, Starling submitted evidence of...WW…

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up .London (CNN Business)Companies including H&M, , and have been caught in the middle of a political firestorm in China — spooking investors that keep close tabs on a key market.What's happening: The retailers because of stands they've taken in the past against the alleged use of forced labor to produce cotton in China's western region of Xinjiang.Dozens of Chinese celebrities have terminated contracts or said they'll cut ties with the brands, while H&M, the world's...…A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up .London (CNN Business)Companies including H&M, , and have been caught in the middle of a political firestorm in China — spooking investors that keep close tabs on a key market.What's happening: The retailers because of stands they've taken in the past against the alleged use of forced labor to produce cotton in China's western region of Xinjiang.Dozens of Chinese celebrities have terminated contracts or said they'll cut ties with the brands, while H&M, the world's...WW…

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up .London (CNN Business)Stimulus checks from President Joe Biden's huge relief package, enacted last week, are just . But Wall Street is already looking ahead to his administration's next priority: ."The $1.9 trillion stimulus has been adopted without much ado and the Biden administration has now set its sight on a big figure infrastructure bill," AFS analyst Arne Petimezas told clients Monday.Treasury Secretary Janet Yellen has indicated that no time will be wasted getting to...…A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up .London (CNN Business)Stimulus checks from President Joe Biden's huge relief package, enacted last week, are just . But Wall Street is already looking ahead to his administration's next priority: ."The $1.9 trillion stimulus has been adopted without much ado and the Biden administration has now set its sight on a big figure infrastructure bill," AFS analyst Arne Petimezas told clients Monday.Treasury Secretary Janet Yellen has indicated that no time will be wasted getting to...WW…

London (CNN)The United Kingdom's competition watchdog has launched an investigation into after app developers complained that they're being forced to use the company's payment systems and distribute their products via its App Store.The Competition and Markets Authority said Thursday that it will examine whether Apple is making developers agree to "unfair or anti-competitive" terms and conditions so their products can make it onto iPhones or iPads."Millions of us use apps every day to check the weather, play a game or order a takeaway," CMA Chief Executive Andrea Coscelli said in a...…London (CNN)The United Kingdom's competition watchdog has launched an investigation into after app developers complained that they're being forced to use the company's payment systems and distribute their products via its App Store.The Competition and Markets Authority said Thursday that it will examine whether Apple is making developers agree to "unfair or anti-competitive" terms and conditions so their products can make it onto iPhones or iPads."Millions of us use apps every day to check the weather, play a game or order a takeaway," CMA Chief Executive Andrea Coscelli said in a...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Europe is now trading more goods with China than the United States, a sign of how the pandemic is transforming the global economy.Data by the European Union’s statistics service attributed the shift to a 5.6% increase in imports from China in 2020 and a 2.2% increase in exports. Meanwhile, there was a “significant drop” in trade with the United States, with imports plunging 13.2% and exports falling 8.2%. The overall value of EU-China goods trade last year was €586 billion ($706 billion), about...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Europe is now trading more goods with China than the United States, a sign of how the pandemic is transforming the global economy.Data by the European Union’s statistics service attributed the shift to a 5.6% increase in imports from China in 2020 and a 2.2% increase in exports. Meanwhile, there was a “significant drop” in trade with the United States, with imports plunging 13.2% and exports falling 8.2%. The overall value of EU-China goods trade last year was €586 billion ($706 billion), about...WW…

London (CNN Business)UK regulators have pulled the broadcasting license for , or CGTN. said Thursday that it had withdrawn the Chinese state-owned channel's license after an investigation "concluded that the license is wrongfully held by Star China Media Limited."Ofcom said that Star China Media Limited did not have "editorial responsibility" for the channel's output, and therefore "does not meet the legal requirement of having control over the licensed service." Star was acting as the distributor, rather than the provider of the news channel, it added. The regulators also rejected a...…London (CNN Business)UK regulators have pulled the broadcasting license for , or CGTN. said Thursday that it had withdrawn the Chinese state-owned channel's license after an investigation "concluded that the license is wrongfully held by Star China Media Limited."Ofcom said that Star China Media Limited did not have "editorial responsibility" for the channel's output, and therefore "does not meet the legal requirement of having control over the licensed service." Star was acting as the distributor, rather than the provider of the news channel, it added. The regulators also rejected a...WW…

MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — UK regulators have pulled the broadcasting license for , or CGTN.said Thursday that it had withdrawn the Chinese state-owned channel’s license after an investigation “concluded that the license is wrongfully held by Star China Media Limited.”Ofcom said that Star China Media Limited did not have “editorial responsibility” for the channel’s output, and therefore “does not meet the legal requirement of having control over the licensed service.” Star was acting as the distributor, rather than the...…MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — UK regulators have pulled the broadcasting license for , or CGTN.said Thursday that it had withdrawn the Chinese state-owned channel’s license after an investigation “concluded that the license is wrongfully held by Star China Media Limited.”Ofcom said that Star China Media Limited did not have “editorial responsibility” for the channel’s output, and therefore “does not meet the legal requirement of having control over the licensed service.” Star was acting as the distributor, rather than the...WW…

London (CNN Business)When the novel coronavirus sent investors running for the exits in March, there was a to snap up US dollars, the world's ultimate safe haven asset. But as the United States struggles with weighing on the economic recovery, the dollar has stumbled. Now, some on Wall Street warn it could fall further, due in part to President Donald Trump's handling of the crisis and isolationist policies. "We expect the US dollar to follow a path of reduced dominance and weaken over the long term," Nomura said Monday in a report to clients.We expect the US dollar to follow a path of...…London (CNN Business)When the novel coronavirus sent investors running for the exits in March, there was a to snap up US dollars, the world's ultimate safe haven asset. But as the United States struggles with weighing on the economic recovery, the dollar has stumbled. Now, some on Wall Street warn it could fall further, due in part to President Donald Trump's handling of the crisis and isolationist policies. "We expect the US dollar to follow a path of reduced dominance and weaken over the long term," Nomura said Monday in a report to clients.We expect the US dollar to follow a path of...WW…