Retail spending fell in March as consumers pull back | CNN Business
Washington, DC CNN — Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled...
economy and economic indicators
US inflation just reached an inflection point | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
China has not provided extensive assistance to Russia as part of its war against Ukraine even as the two countries forge closer ties, senior Treasury officials say | CNN Business
CNN — While China and Russia have strengthened ties since the Kremlin’s brutal invasion of Ukraine, the US has not...
‘We’re at a tipping point:’ What to expect from the jobs report on Friday | CNN Business
Minneapolis CNN — The US labor market has kept trucking right along even as other areas of the economy have...
Here’s why beef is still pricey | CNN Business
New York CNN — A slowing economy may lead to a decline in sales of pricey beef cuts, but don’t...
The Fed could easily drive Black unemployment much higher than the overall jobless rate | CNN Business
New York CNN — Millions of jobs could be on the chopping block this year, as the Federal Reserve continues...
Britain’s pound is beating every other major currency this year | CNN Business
London CNN — The British pound crashed to a record low last fall as investors rebelled against budget plans by...
This is one of the worst times to buy a car in decades. Here’s why | CNN Business
CNN — It has almost never been as hard to buy a new or used car in the United States...
The Fed’s favorite inflation measure cooled in February | CNN Business
Minneapolis CNN — The Federal Reserve’s preferred inflation gauge cooled back down in February after ticking up unexpectedly the month...
Who will end up paying for the banking crisis: You | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
‘It’s not zero.’ Wall Street is pricing in a small but growing risk of a disastrous US default | CNN Business
New York CNN — A US default would have such devastating economic and financial consequences that many observers dismiss the...
China’s services activity jumps to decade high as economic recovery gets back on track | CNN Business
Hong Kong CNN — A key index measuring the strength of China’s massive services sector jumped to its highest level...
UK reaches its biggest trade deal since Brexit, joining trans-Pacific partnership | CNN Business
Atlanta/Hong Kong CNN — Britain has reached an agreement to join a major trans-Pacific partnership, calling it its biggest trade...
Corporate greed is jacking prices higher. It could push customers over the edge | CNN Business
Inflation is ravaging shoppers' wallets and the Federal Reserve has responded by instituting a regimen of painful interest rate hikes...
How the Fed’s latest rate increase will affect your bank savings | CNN Business
Editor’s Note: This is excerpted from a story that originally ran on March 22, 2023. New York CNN — Banking...
Commercial real estate is in trouble. Why you should be paying attention | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
Banks aren’t out of the woods yet and neither is the economy. Here’s why | CNN Business
CNN — Markets seesawed severely this week when two of the US economy’s most prominent leaders gave seemingly contradictory statements...
China thinks it’s diplomatically isolating Taiwan. It isn’t | CNN
Taipei, Taiwan CNN — When the Honduran President announced last week her country planned to establish diplomatic ties with China,...
What the banking crisis means for mortgage rates | CNN Business
Washington CNN — Mortgage rates have taken would-be buyers on a ride this year — and it’s only March. Generally,...
Deutsche Bank, UBS stocks sink as fear of European banking crisis returns | CNN Business
London CNN — Europe’s banking stocks tumbled Friday as investors acted on their lingering worries that the recent crises at...
