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: economy and 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
Nexperia and Elmos cases show how the US-China chip war is spilling over to EuropeNexperia and Elmos cases show how the US-China chip war is spilling over to Europe
hong kong CNN Business — Two European chip deals have run into trouble over their links with China, a sign of concern spreading in the West over potential Chinese control
Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campusFoxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus
hong kong CNN Business — Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to
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 ticket snafu caused by Ticketmaster abusing its market power, Senate antitrust chair saysTaylor Swift ticket snafu caused by Ticketmaster abusing its market power, Senate antitrust chair says
New York CNN Business — Senator Amy Klobuchar criticized Ticketmaster in an open letter to its CEO, saying she has “serious concerns” about the company’s operations following a service meltdown