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

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

T-Mobile’s Mike Sievert is CNN Business CEO of the Year

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

Inflation cools much more than expected in October

Minneapolis CNN Business — Americans and the Federal Reserve received good inflation news on Thursday. The consumer price index rose 7.7% for the year ending in October, a much slower pace of growth than economists of 8% had expected and the lowest annual inflation since January. The stock market soared on the news, with Dow … Read more

Grain deal: Wheat and corn prices rise as Russia pulls out

London CNN Business — Wheat and maize prices in global commodity markets rose on Monday after Russia pulled out of a deal that allowed some vital grain exports from Ukraine to pass through the Black Sea despite the war . Wheat futures at the Chicago Board of Trade jumped 5.5% Monday to $8.74 a bushel. … Read more