New York CNN Business — The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s also hopeful that the likely recession
Tag: economic indicators
US oil price lowest in nearly a year, gas down 6% in a monthUS oil price lowest in nearly a year, gas down 6% in a month
London CNN Business — US oil prices have fallen to their lowest level since December 2021 on concerns that protests in China against Covid-19 lockdowns will dent demand. West Texas
China markets tank as protests erupt over Covid lockdownsChina markets tank as protests erupt over Covid lockdowns
hong kong CNN Business — China’s major stock indices and its currency have opened sharply lower Monday, as widespread protests against the country’s stringent Covid-19 restrictions over the weekend roiled
The mall where Black Friday refuses to dieThe mall where Black Friday refuses to die
Bloomington, Minnesota CNN Business — The rise of e-commerce in recent years has taken its toll on in-person shopping, felling brick-and-mortar stores and once popular malls in the process. As
Mortgage rates fall for the second week in a rowMortgage rates fall for the second week in a row
Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending November 23, down from 6.61%
Latest weekly jobless claims jump to 240,000Latest weekly jobless claims jump to 240,000
Minneapolis CNN Business — First-time weekly claims for unemployment benefits jumped to 240,000 for the week ended November 19, according to data released Wednesday by the Department of Labor. That’s
Home sales drop for 9th monthHome sales drop for 9th month
Home sales in the United States declined for the ninth month in a row in October as surging mortgage rates and high prices pushed buyers out of the market. Sales
Taylor Swift tickets listed for thousands after millions flood TicketmasterTaylor Swift tickets listed for thousands after millions flood Ticketmaster
New York CNN Business — Taylor Swift fans were seeing red on Tuesday when Ticketmaster was overwhelmed by demand as pre-sales for the singer’s new tour went online. The delays
Inflation is cooling, and Wall Street loves itInflation is cooling, and Wall Street loves it
New York CNN Business — Stocks were mostly higher on Tuesday after the US government reported that wholesale prices rose at a far less dramatic rate than expected. That news
Key inflation report indicates the Fed’s rate hikes may be starting to cool pricesKey inflation report indicates the Fed’s rate hikes may be starting to cool prices
Minneapolis CNN Business — A key measure of inflation, wholesale prices, rose by 8% in October from a year before, according to the latest report from the Bureau of Labor