[ad_1] Hong Kong CNN — China’s economy is under severe strain as a wave of Covid cases sweeps across the country. Since the world’s second largest economy drastically eased its Covid restrictions earlier this month, there has been no clear data on the extent of the virus’ spread on the …
Read More »A prolonged winter storm delivers power outages, snarled travel and frigid temperatures on Christmas Day
[ad_1] CNN — A nearly weeklong winter storm blasting much of the US has plunged temperatures to life-threatening lows, brought blizzards and floods, and left more than a quarter million people without power on Christmas Day. Blizzard conditions continue across the Great Lakes, while frigid cold temperatures grip the eastern …
Read More »‘Life or death.’ As Britons buckle under the cost of living crisis, many resort to ‘warm banks’ for heat this winter
[ad_1] London CNN — In a community center in central London, a young child plays in a makeshift area as her caregiver rocks her stroller and chats to a friend. The Oasis Centre in Waterloo sits in a four-story building that has a warm, inviting feeling, with plush chairs and …
Read More »Opinion: Crypto was billed as a vehicle to wealth. For many Black investors, it’s been anything but
[ad_1] Editor’s Note: Tonantzin Carmona is a David M. Rubenstein fellow at the Brookings Institution. Her most recent work has focused on the risks and drawbacks of cryptocurrencies, particularly their impact on Black and Latinx communities. The views expressed here are her own. Read more opinion at CNN. CNN — …
Read More »Brexit has cracked Britain’s economic foundations
[ad_1] London CNN — It’s been two years since former Prime Minister Boris Johnson signed his Brexit trade deal and triumphantly declared that Britain would be “prosperous, dynamic and contented” after completing its exit from the European Union. The Brexit deal would enable UK companies to “do even more business” …
Read More »Elon Musk’s Twitter obsession isn’t the core reason for Tesla stock’s plunge
[ad_1] New York CNN — A popular misconception has emerged about Elon Musk and Tesla: The megabillionaire’s love affair with Twitter is the main reason Tesla shares have lost so much value this year. But Tesla’s steep stock selloff this week proved that the problems at Musk’s car company go …
Read More »Winter storm’s icy cold and wind knocks out power to over a million customers
[ad_1] CNN — A massive winter storm battered the US on Friday with frigid temperatures, high winds and heavy snow, leaving several people dead, knocking out power to over a million customers and wrecking holiday plans from coast to coast. The storm – expected to intensify throughout Friday as it …
Read More »New home sales rose in November, defying expectations
[ad_1] Washington, DC CNN — New home sales were up in November from the month before, even as prices remained elevated and buyers faced some of the highest mortgage rates of the year. Sales of newly constructed homes rose 5.8% in November from October, but were down 15.3% from a …
Read More »White House cautiously optimistic over economy in 2023: ‘Absolutely no sign’ job growth will tumble or unemployment will spike
[ad_1] CNN — As Wall Street and Main Street fret about a potential recession, White House officials are projecting confidence about the economy’s ability to weather the storm in 2023. “We’re feeling cautiously optimistic because we are starting to see some real concrete measurable signs of progress,” Aviva Aron-Dine, deputy …
Read More »Japan’s consumer inflation hits fresh 40-year high
[ad_1] Japan’s core consumer inflation hit a fresh four-decade high as companies continued to pass on rising costs to households, data showed, a sign price hikes were broadening and could keep the central bank under pressure to whittle down massive stimulus. Months before Tuesday’s surprise tweak to its yield control …
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