iab-economy

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 »

When China and Saudi Arabia meet, nothing matters more than oil |  CNN Business

When China and Saudi Arabia meet, nothing matters more than oil | CNN Business

hong kong CNN Business — Chinese President Xi Jinping is visiting Saudi Arabia this week for the first time in nearly seven years, during which he is expected to sign billions of dollars in deals with the world’s biggest oil exporter and meet with leaders from across the world. Middle East. The visit is a …

When China and Saudi Arabia meet, nothing matters more than oil | CNN Business Read More »

"Not the way you treat your friends."  Biden's climate plan strains trade ties with Europe |  CNN Business

“Not the way you treat your friends.” Biden’s climate plan strains trade ties with Europe | CNN Business

London CNN Business — The world’s largest economic relationship has fallen on hard times. The European Union and the United States – together responsible for a third of global trade – have clashed in recent weeks over US President Joe Biden’s landmark $370 billion climate plan. The Inflation Reduction Act (IRA), which was passed by …

“Not the way you treat your friends.” Biden’s climate plan strains trade ties with Europe | CNN Business Read More »

US Could See Debt Ceiling Battle Shake Markets, Goldman Sachs Warns |  CNN Business

US Could See Debt Ceiling Battle Shake Markets, Goldman Sachs Warns | 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 …

US Could See Debt Ceiling Battle Shake Markets, Goldman Sachs Warns | CNN Business Read More »

Is the worst over for bitcoin and the rest of crypto?  |  CNN Business

Is the worst over for bitcoin and the rest of crypto? | 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 Business — The collapse of FTX has sent the price of bitcoin and other cryptocurrencies plummeting by more than 60% this year…and the carnage has spread to publicly traded companies …

Is the worst over for bitcoin and the rest of crypto? | CNN Business Read More »

Who are the avid beaver party buyers without being bothered by inflation?  Generation Z |  CNN Business

Who are the avid beaver party buyers without being bothered by inflation? Generation Z | CNN Business

New York CNN Business — There’s at least one group of shoppers who are enthusiastically hitting the malls this holiday season — and they don’t seem too bothered by the pesky inflation eating away at their discretionary dollars. They’re Gen Z. And how they buy matters. This cohort of consumers born between 1997 and 2012 …

Who are the avid beaver party buyers without being bothered by inflation? Generation Z | CNN Business Read More »

Europe agrees to cap Russian oil price at $60 a barrel |  CNN Business

Europe agrees to cap Russian oil price at $60 a barrel | CNN Business

London CNN Business — The European Union reached a consensus on the price at which to cap Russian oil just days before its ban on most imports took effect. News of the deal, which had required the approval of recalcitrant Poland, was confirmed on Twitter by European Commission President Ursula von der Leyen, marking a …

Europe agrees to cap Russian oil price at $60 a barrel | CNN Business Read More »

Europe agrees to cap Russian oil price at $60 a barrel |  CNN Business

Europe agrees to cap Russian oil price at $60 a barrel | CNN Business

London CNN Business — The European Union reached a consensus on the price at which to cap Russian oil just days before its ban on most imports took effect. News of the deal, which had required the approval of recalcitrant Poland, was confirmed on Twitter by European Commission President Ursula von der Leyen, marking a …

Europe agrees to cap Russian oil price at $60 a barrel | CNN Business Read More »