Jobs report to give clues about the direction the economy is taking

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: No recession after all? Business leaders more optimistic as China reopens

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

Forget inflation, it’s all about income

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

Forget inflation, it’s all about income

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

Hong Kong businesses applaud China’s reopening, but warn there’s a long way to go

hong kong CNN — Kiki Yang brought an empty green suitcase from Shenzhen to Hong Kong this week to stock up on new purchases for her family and friends. “I’ve been doing a lot of shopping these days,” she told CNN on Tuesday, pointing to her luggage, which she described as stuffed with clothes, medicine … Read more

Has inflation finally peaked? | CNN Business

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

FTX Founder Sam Bankman-Fried Pleads Not Guilty

New York CNN — Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, has pleaded not guilty to criminal charges, setting up a high-stakes legal battle that pits him against two of his closest former business partners. The 30-year-old entrepreneur, who has $250 million bail, was arraigned in federal court in Manhattan on Tuesday, flanked … Read more

Unanswered questions about Trump’s tax returns

New York CNN — After years of legal battles, pontifications and theories, former President Donald Trump’s tax returns from 2015 to 2020 are now part of the public record. Many critics and political opponents have speculated that Trump opposed public disclosure of his tax returns because they potentially provide evidence of illegal or politically damaging … Read more

Why the price of eggs keeps rising

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

Electric vehicle sales hit a tipping point in 2022

CNN — The next time you walk around a full parking lot, try to remember what you saw there just a few years ago. Things are different now. There are a lot more electric vehicles and it’s not just Teslas anymore either. “It’s not your eyes that deceive you,” said Matt Degen, editor at Cox … Read more