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

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