US new home sales surged in September
Washington, DC CNN — New home sales in the United States surged higher in September from the month before, even…
IEA: ‘Unstoppable’ energy transition means demand for oil, gas, and coal to peak by 2030
London CNN — Global demand for oil, natural gas and coal — and the carbon pollution they generate — are…
Consumers can now find huge discounts on electric cars
CNN — Thanks to growing competition in the market, and some reticence from consumers, automakers and car dealers are offering…
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…
Weight loss drugs haven’t hurt Pepsi’s business, CEO says
New York CNN — Snack and beverage maker PepsiCo has so far seen “negligible” impact on its business from drugs…
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…
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…
McDonald’s is getting rid of self-serve soda machines
New York CNN — McDonald’s is getting rid of one its biggest perks. The fast food chain is eliminating its…
What’s going on with China’s shadow banking system?
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…
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…
China relaxes mortgage rules to help homebuyers in latest stimulus push
Hong Kong CNN — China just made it easier for people to buy homes, in a move that could affect…
Dollar General shares tumble after it cuts forecasts, blaming a spending slump and theft
New York CNN — Dollar General slashed its sales and profit outlook for the year on Thursday, blaming headwinds including…
Labor Day weekend gas prices are near all-time highs
New York CNN — Drivers hitting the roads this Labor Day weekend will be greeted by historically high gas prices…
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…
Chinese stocks get brief uplift from first share dealing tax cut since 2008
Hong Kong CNN — China has made a series of moves to restore investor confidence in the world’s second largest…
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…
Homeowners are tapping into home equity to get cash
Washington, DC CNN — With home values remaining strong across the country, Americans are tapping into their home equity to…
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…
China stops releasing youth unemployment data after it hit consecutive record highs
Hong Kong CNN — China has suspended the release of monthly data on joblessness among young people, after the figure…
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…
Moody’s warns it could cut credit ratings of 6 big US banks
CNN — Moody’s has put the credit ratings of six large US banks, including Bank of New York Mellon, State…
Global food prices bounce following collapse of Black Sea grain deal
London CNN — Global food prices ticked up last month after Russia pulled out of a deal to allow the safe…
Middle-income Americans think prosperity is within reach
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…
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…
ExxonMobil earnings fell on sinking oil prices
New York CNN — ExxonMobil’s profit fell sharply in the second quarter on lower oil and natural gas prices, leaving…
Shell and TotalEnergies profits cut in half by lower oil prices
London CNN — Shell and TotalEnergies have reported a steep drop in second-quarter profits, as oil and gas prices fell…