economy and economic indicators

The Fed will raise rates again.  But that's playing with fire |  CNN Business

The Fed will raise rates again. But that’s playing with fire | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN — The Federal Reserve is almost certain to announce on Wednesday that it will raise interest rates again. But investors are hoping it will be a smaller increase than the …

The Fed will raise rates again. But that’s playing with fire | CNN Business Read More »

Buyers dip into their savings and go into debt.  This could cause a holiday hangover |  CNN Business

Buyers dip into their savings and go into debt. This could cause a holiday hangover | CNN Business

New York CNN — Despite high inflation and recession fears, the holiday shopping season seems to be off to a good start. Black Friday and Cyber ​​Monday sales were strong as Americans were lured by deep discounts. Although consumer spending is slowing, it remains surprisingly resilient. The problem, however, is that many Americans’ paychecks are …

Buyers dip into their savings and go into debt. This could cause a holiday hangover | CNN Business Read More »

Mortgage rates fall for the fourth consecutive week |  CNN Business

Mortgage rates fall for the fourth consecutive week | CNN Business

CNN — Mortgage rates fell again this week, falling for the fourth week in a row. The 30-year fixed-rate mortgage averaged 6.33% in the week ending December 8, down from 6.49% the previous week, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, …

Mortgage rates fall for the fourth consecutive week | CNN Business Read More »

"Not the way you treat your friends."  Biden's climate plan strains trade ties with Europe |  CNN Business

“Not the way you treat your friends.” Biden’s climate plan strains trade ties with Europe | CNN Business

London CNN Business — The world’s largest economic relationship has fallen on hard times. The European Union and the United States – together responsible for a third of global trade – have clashed in recent weeks over US President Joe Biden’s landmark $370 billion climate plan. The Inflation Reduction Act (IRA), which was passed by …

“Not the way you treat your friends.” Biden’s climate plan strains trade ties with Europe | CNN Business Read More »

"Not the way you treat your friends."  Biden's climate plan strains trade ties with Europe |  CNN Business

“Not the way you treat your friends.” Biden’s climate plan strains trade ties with Europe | CNN Business

London CNN Business — The world’s largest economic relationship has fallen on hard times. The European Union and the United States – together responsible for a third of global trade – have clashed in recent weeks over US President Joe Biden’s landmark $370 billion climate plan. The Inflation Reduction Act (IRA), which was passed by …

“Not the way you treat your friends.” Biden’s climate plan strains trade ties with Europe | CNN Business Read More »

Imminent debt ceiling fight could be the most messy since 2011, says Goldman Sachs |  CNN Business

Imminent debt ceiling fight could be the most messy since 2011, says Goldman Sachs | CNN Business

New York CNN Business — Republicans and Democrats are likely to face off next year over the debt ceiling, a fight that could rattle financial markets, unnerve consumers and threaten the economy with the specter of a calamitous default. The looming debt limit battle in Washington could spark the most uncertainty since the 2011 tightrope …

Imminent debt ceiling fight could be the most messy since 2011, says Goldman Sachs | CNN Business Read More »

Is the worst over for bitcoin and the rest of crypto?  |  CNN Business

Is the worst over for bitcoin and the rest of crypto? | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN Business — The collapse of FTX has sent the price of bitcoin and other cryptocurrencies plummeting by more than 60% this year…and the carnage has spread to publicly traded companies …

Is the worst over for bitcoin and the rest of crypto? | CNN Business Read More »

Europe agrees to cap Russian oil price at $60 a barrel |  CNN Business

Europe agrees to cap Russian oil price at $60 a barrel | CNN Business

London CNN Business — The European Union reached a consensus on the price at which to cap Russian oil just days before its ban on most imports took effect. News of the deal, which had required the approval of recalcitrant Poland, was confirmed on Twitter by European Commission President Ursula von der Leyen, marking a …

Europe agrees to cap Russian oil price at $60 a barrel | CNN Business Read More »

Europe agrees to cap Russian oil price at $60 a barrel |  CNN Business

Europe agrees to cap Russian oil price at $60 a barrel | CNN Business

London CNN Business — The European Union reached a consensus on the price at which to cap Russian oil just days before its ban on most imports took effect. News of the deal, which had required the approval of recalcitrant Poland, was confirmed on Twitter by European Commission President Ursula von der Leyen, marking a …

Europe agrees to cap Russian oil price at $60 a barrel | CNN Business Read More »

Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside |  CNN Business

Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside | CNN Business

CNN Business — Amazon CEO Andy Jassy said on Wednesday that an “uncertain” economy had prompted the e-commerce giant to press ahead with rare and wide-ranging layoffs after it carried out a major wave of job losses. hiring during much of the pandemic. “We had the target for a very uncertain economic environment, as well …

Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside | CNN Business Read More »