Tag Archives: iab-economy

[ad_1] Hong Kong CNN  —  China’s heavy-handed crackdown on tech giants is coming to an end and the country’s economic growth is expected to be back on track soon, according to a top central bank official. The crackdown on fintech operations of more than a dozen internet companies is “basically” …

[ad_1] A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. CNN  —  This is not the end of House Speaker Kevin McCarthy’s nightmare, rather just the beginning. Having won the coveted job, the California Republican has leveled …

[ad_1] Minneapolis CNN  —  The US economy added 223,000 jobs in December, according to the monthly employment report from the Bureau of Labor Statistics, capping a year of extraordinary job growth and marking the second-best year for the labor market in records that go back to 1939. The unemployment rate …

[ad_1] Washington, DC CNN  —  Mortgage rates inched up again last week, after a slight increase the week before interrupted six straight weeks of falling rates. The 30-year fixed-rate mortgage averaged 6.48% in the week ending January 5, up from 6.42% the week before, according to Freddie Mac. A year …

[ad_1] Washington, DC CNN  —  It is almost as if the wild turns in the Manhattan real estate market during the pandemic didn’t happen. Almost. The frenzy to buy apartments in Manhattan took off in 2021 as the city bounced back from the worst of the pandemic. But it nosedived …

[ad_1] Minneapolis CNN  —  The number of available jobs in the United States totaled 10.46 million in November, according to data released Wednesday by the Department of Labor. That’s more than the 10 million total job openings that economists were expecting, according to Refinitiv, and slightly lower than the upwardly …

[ad_1] CNN  —  The year has only just started but already Europe has broken an alarming number of weather records as extreme heat spread across the continent. On New Year’s Day, at least eight European countries recorded their warmest January day ever: Liechtenstein, the Czech Republic, Poland, the Netherlands, Belarus, …

[ad_1] New York CNN  —  Sam Bankman-Fried, the disgraced founder of bankrupt crypto exchange FTX, has arrived at a Manhattan federal court where he is set to appear to face charges that include cheating investors out of billions of dollars. Authorities have accused Bankman-Fried of stealing customer funds from FTX …

[ad_1] Hong Kong CNN  —  China’s economy grew at least 4.4% in 2022, according to leader Xi Jinping, a figure much stronger than many economists had expected. But the current Covid wave may hobble growth in the months ahead. China’s annual GDP is expected to have exceeded 120 trillion yuan …

[ad_1] Editor’s Note: Sign up to get our weekly column as a newsletter. We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN  —  Predicting the future is impossible, and yet someone has to do it: in our case, the 18 contributors …