Mortgage rates advance toward 8%
Washington, DC CNN — Mortgage rates continued to climb last week amid a stronger-than-expected economy and geopolitical uncertainty in the…
New Zealand election: Voters goes to the polls in a narrow race
CNN — New Zealand goes to the polls Saturday in a general election that’s shaping up to be a tight…
The IMF sees greater chance of a ‘soft landing’ for the global economy
London CNN — The International Monetary Fund (IMF) sees better odds that central banks will manage to tame inflation without…
Record online discounts are coming this holiday season
New York CNN Business — Online shoppers will be offered record-setting discounts this holiday season as retailers attempt to entice…
Consumers are still spending on nice things, if they’re on trend
New York CNN — American consumers aren’t tired of shopping. They’re shopping more prudently, with an eye on getting the…
What happens if you don’t pay your student loans?
Washington CNN — Student loan payments are due in October for the first time in three-plus years – but for…
The Fed has a perfect interest rate in mind. Here's what it is
There’s a star the Federal Reserve is chasing. Source link
Gas prices are unusually high. Here’s why you shouldn’t worry
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Americans are feeling gloomier about the economy
Washington, DC CNN — Americans aren’t feeling gloomy about higher gas prices just yet, but they’re still on edge about…
What’s going on with China’s shadow banking system?
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Goldman Sachs cuts US recession odds to 15% as economic optimism grows
New York CNN — Goldman Sachs is increasingly confident that the US economy will stick the soft landing that many…
What the August jobs report means for the Fed
Washington, DC CNN — The long-robust US job market is continuing to cool, according to several economic indicators released this…
The US economy grew more slowly in the second quarter than previously estimated
Washington, DC CNN — The US economy grew more slowly in the second quarter than previously estimated — a good…
Brexit: The UK economy still can’t cope with the consequences of leaving the EU
London CNN — The UK government has delayed health and safety checks on food imports from the European Union for…
Hurricanes could drive gas prices, and inflation, higher
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India’s rice export ban could trigger a global food crisis
Harayana, India CNN — Satish Kumar sits in front of his submerged rice paddy in India’s Haryana state, looking despairingly…
Mortgage rates soar to their highest level in 21 years
Washington, DC CNN — US mortgage rates surged this week, rising to their highest level in 21 years. The 30-year…
Michael Burry, of Big Short fame, just bet $1.6 billion on a stock market crash
New York CNN — Michael Burry, the “Big Short” investor who became famous for correctly predicting the epic collapse of…
Inflation may be cooling — but drivers can’t seem to catch a break
New York CNN — If you’re sitting in rush-hour traffic in Arlington, Virginia, there’s a good chance you’ll spot Hunter…
Mortgage rates rise to just short of 7%
Washington, DC CNN — US mortgage rates remained elevated this week, rising for the third week in a row, but…
Middle-income Americans think prosperity is within reach
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US paychecks aren’t growing as quickly. That’s good for the Fed — but not for workers
Washington, DC CNN — US wage gains cooled in the second quarter, showing some easing of inflationary pressures, according to…
China economy: Leaders promise more support for ‘tortuous’ recovery
Hong Kong CNN — China’s top leadership has vowed to do more to support a “tortuous” economic recovery, which has…
Why are far-right parties on the march across Europe?
CNN — While the Anglosphere was wracked by a burst of populism in 2016, most European countries proved remarkably resilient.…
Why college is getting more expensive
New York CNN — The average American saved $5,011 last year. That means it would take them about 75 years…
Americans’ wages are finally outpacing inflation. But could it last?
Minneapolis CNN — US wages have been on the rise, but it sure hasn’t felt like it. For more than…
Will cooling inflation help sell Bidenomics?
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Why AI’s astonishing productivity gains could help curb inflation
London CNN — When an airline in the Middle East was recently inundated with 16,000 applications for several cabin crew…
The number of small firms raising prices fell to the lowest level since March 2021
Washington, DC CNN — The number of small businesses saying they raised their prices fell in June to its lowest…
Expect more rate hikes from the Fed after the latest jobs report
Washington, DC CNN — An interest rate hike later this month was already in the cards for the Federal Reserve.…
Premarket stocks: The FDIC could ask big banks to clean up $23 billion mess
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