Ben Bernanke Fast Facts | CNN
Here’s a look at the life of former Federal Reserve Chairman Ben Bernanke. Birth date: December 13, 1953 Birth place:…
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…
Box of giraffe poop seized at Minnesota airport
CNN — Customs workers at a Minnesota airport discovered a traveler had brought a unique souvenir in her luggage: Giraffe…
Shares in China’s Evergrande suspended from trading in Hong Kong as liquidation concerns mount
Hong Kong CNN — Shares in embattled Chinese developer Evergrande Group and its two subsidiaries were all suspended from trading…
The US government and 17 states sues Amazon in landmark monopoly case
CNN — The US government and 17 states are suing Amazon in a landmark monopoly case reflecting years of allegations…
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
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign…
Biden’s ambitious efforts to strengthen the social safety net are fraying
CNN — For a few fleeting months in 2021, it looked like President Joe Biden was making great strides in…
Huawei Mate 60 Pro: Shares in Chinese chipmaker SMIC plunge as US calls for further sanctions
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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…
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…
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…
Commerce Department determines five Chinese solar panel companies have been skirting US tariffs
CNN — After a more than year-long investigation, federal officials have concluded that five Chinese solar panel companies have been…
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…
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…
Large increase in migrant crossings prompts US Customs and Border Protection to surge resources to remote area
CNN — US border officials are increasing personnel and transportation resources at Ajo, Arizona, one of the most isolated and…
Ron DeSantis presidential platform: Here’s what’s in his economic plan
CNN — Florida Gov. Ron DeSantis is positioning himself as the economic defender of the American family, building on his…
Illegal child labor on the rise with nationwide violations found, Labor Department says
New York CNN — A 14-year-old boy who cleaned meat cutting machines was “falling asleep in class and missing class…
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…
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…
James Bullard, president of St. Louis Fed, to step down
New York CNN — St. Louis Federal Reserve President James Bullard announced Thursday he is stepping down from his position…
Pakistan: IMF approves $3 billion bailout for cash-starved country
Islamabad Reuters — The International Monetary Fund’s board approved a $3 billion bailout program for Pakistan which will immediately disburse…
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.…
Alibaba’s restructuring and Jack Ma’s homecoming are all part of China’s plan
Hong Kong CNN — Alibaba’s landmark restructuring has sent its shares soaring in New York and Hong Kong, as investors…