Tag Archives: finance and investments

[ad_1] Hong Kong CNN Business  —  Hong Kong leader John Lee sought to drum up confidence in the city’s future as a global financial hub on Wednesday, as he welcomed some of Wall Street’s top executives to its biggest international event in years. Speaking at an investment summit that has …

[ad_1] New York CNN Business  —  The Federal Reserve’s war on inflation isn’t just painful for home buyers and people with credit card debt. Uncle Sam is getting squeezed by higher borrowing costs, too. The cost to finance America’s growing mountain of debt is rising rapidly as the Fed scrambles …

[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business  —  The Federal Reserve is most likely going to raise interest rates by three quarters of a percentage point again on Wednesday, its …

[ad_1] New York CNN Business  —  Stocks rallied heading into the weekend, despite lousy results from Amazon. Solid earnings from Apple and record profits from oil giants Chevron and Exxon Mobil were enough to counter the weak outlook from the retail and cloud giant. The Dow, which has Apple (AAPL) …

[ad_1] New York CNN Business  —  The relationship between the United States and Saudi Arabia is one of the most important on the planet. And lately, it’s also been one of the most awkward. Angry officials in Washington vowed “consequences” after Saudi-led OPEC sharply cut oil production earlier this month, …

[ad_1] CNN  —  President Joe Biden predicted Thursday that student loan borrowers will start receiving relief – which is currently on hold over a court challenge – within weeks, projecting confidence that his administration will win the challenge. “We’re going to win that case. I think in the next two …

[ad_1] CNN Business  —  Amazon (AMZN) stock fell some 14% in after-hours trading Thursday after the company forecast its holiday quarter sales would be lighter than analysts had expected. The e-commerce giant said it expects revenue for the final three months of the year to be between $140 billion to …

[ad_1] New York CNN Business  —  Meta on Wednesday posted the second quarterly revenue decline in its history since going public and warned that it is making “significant changes” aimed at cutting costs ahead of 2023, as it confronts an economic downturn that is hitting its core online advertising business. …

[ad_1] New York CNN Business  —  Recession worries continue to haunt Wall Street. A key indicator in the bond market is flashing signs of a potential downturn. The spread between super short-term 3-month Treasury yields and the benchmark 10-year yield briefly inverted Tuesday. That means that yields for shorter-term bonds …

[ad_1] New York CNN Business  —  Bed Bath and Beyond has named a new CEO — and investors are selling off the stock sharply. The beleaguered retailer has tapped interim leader Sue Gove to the position permanently. She’s held the position for the past four months following the exit of …