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: finance and investments
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
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%
Elizabeth Holmes sentenced to more than 11 years in prison for fraudElizabeth Holmes sentenced to more than 11 years in prison for fraud
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
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
Elon Musk’s $50 billion trial comes to an end todayElon Musk’s $50 billion trial comes to an end today
Washington, D.C. CNN — The trial for the Tesla shareholder lawsuit examining CEO Elon Musk’s unprecedented compensation package will wrap up this afternoon. While it is possible that the judge
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
Jeff Bezos’ top tips for managing the economic downturnJeff Bezos’ top tips for managing the economic downturn
Washington CNN Business — Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the coming months as the global economy contends with a