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 will raise interest rates again on Wednesday. But will it be another half-point hike or just a quarter-point hike? And the rest of the year? The … Read more
Davos, Switzerland CNN — Optimism about the global economy has been rare among business leaders in recent months, with recession fears clouding the outlook and limiting investment. Now, cautious optimism is looking through. That’s largely thanks to China, whose sudden removal of tough coronavirus restrictions late last year is expected to trigger a spending spree … Read more
New York CNN — For everything there is a season and now is the time for winnings. Over the past few weeks, investors have focused on inflation and Fed policy, but now market reactions are heating up for earnings (especially misfires) and waning for economic data. What is happening: “We expect earnings to take center … Read more
New York CNN — For everything there is a season and now is the time for winnings. Over the past few weeks, investors have focused on inflation and Fed policy, but now market reactions are heating up for earnings (especially misfires) and waning for economic data. What is happening: “We expect earnings to take center … Read more
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN — It may be a new year. But for investors, consumers and the Federal Reserve, inflation remains a top economic concern, just as it was in 2022. With that in … Read more
New York CNN Business — Several grocery items have become more expensive this year. But nothing comes close to rising egg prices. In the year to November, unadjusted for seasonal fluctuations, the price of eggs jumped 49%, according to data from the Bureau of Labor Statistics. Since the beginning of this year, a deadly bird … Read more
New York CNN — Investors saw a lot of red in 2022. But a company known for its magenta logo was a stock market darling this year. Shares of T-Mobile (TMUS) have risen around 20% in 2022, even as rivals AT&T (T) and Verizon (VZ) have fallen. Ma Bell was down about 2% while Verizon … Read more
New York CNN — A new payment trend is sweeping America, creating an increasingly inconvenient experience: digital tip jars. You order a coffee, an ice cream, a salad or a slice of pizza and pay with your credit card or your phone. Then an employee standing behind the counter spins around a touchscreen and slides … Read more
New York CNN Business — According to Adobe Analytics, Black Friday online sales in the US topped a record $9.12 billion this year, kicking off the holiday shopping season despite inflation and other economic concerns. Adobe, which tracks sales on retailer websites, said online Black Friday sales this year were 2.3% higher than last year, … Read more
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 — Americans are getting ready to celebrate Thanksgiving. But investors in the United States (and the rest of the world for that matter) have little to be grateful for … Read more