finances and investments

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 »

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 »

Protests in China chill global markets |  CNN Business

Protests in China chill global markets | CNN Business

Editor’s note: A version of this story appeared in CNN Business’ Nightcap newsletter. To receive it in your inbox, subscribe for free, here. New York CNN Business — Over the weekend, mainland China experienced something it hadn’t seen in over 30 years: thousands of protesters flooding the streets, defying the Communist Party. The protests had …

Protests in China chill global markets | CNN Business Read More »

Elizabeth Holmes sentenced to more than 11 years in prison for fraud |  CNN Business

Elizabeth Holmes sentenced to more than 11 years in prison for fraud | CNN Business

CNN — Elizabeth Holmes was sentenced to more than 11 years in prison on Friday following her conviction in January for defrauding investors while running the failed blood testing startup Theranos. Judge Edward Davila imposed a sentence of 11 years and three months in prison, with a further three years of supervision after Holmes’ release. …

Elizabeth Holmes sentenced to more than 11 years in prison for fraud | CNN Business Read More »

Global investors bullish on China again as Beijing shifts to damage control |  CNN Business

Global investors bullish on China again as Beijing shifts to damage control | CNN Business

hong kong CNN Business — Market sentiment on Chinese stocks hit rock bottom just weeks ago after President Xi Jinping secured a historic third term in office and piled his best team with loyalists in a sweep not seen since Mao era. But last week, a series of unexpected moves from Beijing — the easing …

Global investors bullish on China again as Beijing shifts to damage control | CNN Business Read More »

Mortgage rates plunge, biggest weekly drop since 1981 |  CNN Business

Mortgage rates plunge, biggest weekly drop since 1981 | CNN Business

Editor’s note: Freddie Mac, which has tracked weekly average mortgage rates since 1971 and has periodically made changes to its primary mortgage market survey, changed the source of its data effective November 17, 2022. Instead of surveying lenders, weekly results will be based on applications received from lenders that are submitted to Freddie Mac. Learn …

Mortgage rates plunge, biggest weekly drop since 1981 | CNN Business Read More »

Inflation is cooling and Wall Street is loving it |  CNN Business

Inflation is cooling and Wall Street is loving it | CNN Business

New York CNN Business — Stocks ended the day higher on Tuesday after the US government announced that wholesale prices rose at a much less dramatic pace than expected. The news comes just days after another report showed the pace of consumer price increases was also slowing. The Dow Jones gained nearly 60 points, or …

Inflation is cooling and Wall Street is loving it | CNN Business Read More »

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair |  CNN Business

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair | CNN Business

New York CNN Business — In just three years, Sam Bankman-Fried has transformed FTX into a massive crypto exchange backed by big-name investors and valued at $32 billion. It only took a few days for it all to implode into a sprawling bankruptcy filing. Sheila Bair, a top regulator during the 2008 financial crisis, told …

FTX crash looks suspiciously like Bernie Madoff scandal, says ex-regulator Sheila Bair | CNN Business Read More »