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1081. Latest GDP reading confirms the US economy shrank for two straight... (permalink)
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score: 2, Economy, 2022-09-29 15:05:49, published by CNN
The US economy shrank by 0.6% during the second quarter of the year, according to the latest gross domestic product estimate from the Bureau of Economic Analysis released Thursday. [additional details]
1082. How the United States is exporting inflation... (permalink)
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score: 2, Economy, 2022-09-28 20:06:02, published by CNN
The Federal Reserve is laser-focused on stemming price increases in the United States. But countries thousands of miles away are reeling from its hardball campaign to strangle inflation, as their central banks are forced to hike interest rates faster and higher and a runaway dollar pushes d... [additional details]
1083. There's a 98% chance of a global recession, research firm warns... (permalink)
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score: 2, Economy, 2022-09-28 18:05:58, published by CNN
Warning lights are flashing in the global economy as high inflation, drastic rate hikes and the war in Ukraine take their toll. [additional details]
1084. These clothes cost thousands of dollars and only exist online... (permalink)
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score: 2, Economy, 2022-09-28 15:05:49, published by CNN
Tech couture label Auroboros is one of a number of brands shaping the digital fashion landscape: a seemingly utopian world where designers are freed from physical practicalities. We meet co-founders Paula Sello and Alissa Aulbekova in their London studio to learn more about the creative and... [additional details]
1085. Chinese yuan: Currency hits record lows against US dollar... (permalink)
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score: 2, Economy, 2022-09-28 07:05:13, published by BBC
Major stock market indexes in Asia fell sharply also fell sharply on Wednesday. [additional details]
1086. UK mortgage borrowers are in for a nasty shock... (permalink)
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score: 2, Economy, 2022-09-27 18:06:01, published by CNN
Millions of mortgage borrowers in the United Kingdom are bracing themselves for huge hikes to their monthly payments as a consequence of the run on the pound. [additional details]
1087. Markets are now treating UK bonds like Greek and Italian debt... (permalink)
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score: 2, Economy, 2022-09-27 18:05:52, published by CNN
The pound may have paused its headlong crash toward parity with the US dollar, but the damage to the UK economy sparked by Prime Minister Liz Truss' huge tax-cutting gamble is still rippling through financial markets. [additional details]
1088. New home sales bounce back in August... (permalink)
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score: 2, Economy, 2022-09-27 17:06:10, published by CNN
New home sales bounced back in August despite high prices and rising mortgage rates that have pushed some buyers away. [additional details]
1089. US home prices climbed in July, but showed a 'forceful deceleration'... (permalink)
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score: 2, Economy, 2022-09-27 15:05:46, published by CNN
US home prices continued to climb in July. But the market showed signs of cooling as rising mortgage rates have pushed more prospective buyers to the sidelines. [additional details]
1090. Analysis: The British pound is plunging. Here's why it matters... (permalink)
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score: 2, Economy, 2022-09-26 20:05:53, published by CNN
The UK government's decision to implement the biggest tax cuts in 50 years while borrowing tens of billions of dollars to subsidize soaring energy costs this winter is a massive gamble that's sent shockwaves through financial markets. [additional details]
1091. Forget a soft landing. The market's best hope is a 'growth' recession... (permalink)
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score: 2, Economy, 2022-09-26 14:06:02, published by CNN
Investors are waking up to the harsh reality of just how much pain the economy may have to endure as the Federal Reserve continues its fight against stubbornly high inflation. [additional details]
1092. British pound plummets to record low against the dollar... (permalink)
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score: 2, Economy, 2022-09-26 05:05:43, published by CNN
The British pound fell to a new record all-time low against the US dollar of $1.035 on Monday, plummeting more than 4%. [additional details]
1093. Pound slumps to all-time low against dollar... (permalink)
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score: 2, Economy, 2022-09-26 04:05:03, published by BBC
Sterling plunged by 4% in early Asia trade to the lowest level since decimalisation in 1971. [additional details]
1094. Former official pleads guilty in welfare fraud scheme where misused... (permalink)
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score: 2, Economy, 2022-09-24 00:05:55, published by CNN
A former top state official in Mississippi pleaded guilty Thursday to state and federal charges in connection to an embezzlement scheme that auditors say misused millions of welfare dollars, including funneling funds into projects linked to prominent Mississippians like former NFL star Bret... [additional details]
1095. The Fed's fight against inflation could cost the US 1.2 million... (permalink)
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score: 2, Economy, 2022-09-23 19:06:13, published by CNN
In its efforts to bring down historic inflation and cool the economy, the Federal Reserve has used multiple euphemisms to describe the potential impact on Americans' jobs, from economic "pain" to "unfortunate costs" and a "softening labor market."... [additional details]
1096. The pound is crashing. Larry Summers says it could break below... (permalink)
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score: 2, Economy, 2022-09-23 19:05:49, published by CNN
When the UK government, led by new Prime Minister Liz Truss, unveiled its plan to rescue the British economy on Friday, the reaction from investors was instantaneous: They hated it. [additional details]
1097. Dow set to tumble below 30,000 points as recession fears mount... (permalink)
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score: 2, Economy, 2022-09-23 15:06:00, published by CNN
US stock futures were set to fall sharply as investors continued to worry about even more rate hikes from the Federal Reserve that could land the US economy in a recession. [additional details]
1098. Housing market correction? Here's what experts think is ahead for the... (permalink)
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score: 2, Economy, 2022-09-23 14:06:46, published by USA Today
High mortgage interest rates and slow sales have finally caught up with a once scorching-hot housing market, leading to a correction, experts claim.... [additional details]
1099. Gamble or going for growth? UK slashes taxes and borrows heavily... (permalink)
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score: 2, Economy, 2022-09-23 13:06:04, published by CNN
The UK government on Friday unveiled its bid to rescue the economy from recession with a plan that involves slashing taxes, removing a cap on banker bonuses and a big increase in borrowing. [additional details]
1100. Home buyers getting hit by rising rates... (permalink)
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score: 2, Economy, 2022-09-22 22:06:10, published by CNN
Prospective home buyers are getting hit by a double whammy of bad news: Prices remain prohibitively high for many consumers, largely due to low supply. Mortgage rates have also skyrocketed to their highest level in 14 years. [additional details]
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