News
Why do prices keep going up? | CNN Business
6+ hour, 3+ min ago (281+ words) Inflation is outpacing lower- and middle-income Americans. CNN senior business reporter David Goldman explains why prices could stay high unless wealthy Americans stop spending. Pedestrians ran for cover in Lower Manhattan after a car burst into flames and exploded near…...
War with Iran weighs on America's economy | CNN
1+ day, 2+ hour ago (56+ words) War with Iran weighs on America's economy CNN War with Iran weighs on America's economy CNN's David Goldman explains how the conflict with Iran has affected the American economy. Scan the QR code to download the CNN app on Google…...
30-year US Treasury yield hits highest level in 19 years | CNN Business
1+ day, 4+ hour ago (303+ words) A bond rout is deepening as inflation fears take hold of the Treasury market, threatening to raise borrowing costs across the US economy. The 30-year US Treasury yield just hit 5. 2%, its highest level since 2007, rising on worries about persistent price…...
How to inflation-proof your investments | CNN Business
2+ day, 10+ hour ago (941+ words) Consumer prices in April rose at the highest annual rate in three years, putting inflation back into focus. Inflation eats away at the value of your dollar. Smart investing, however, can build wealth at a rate that outpaces inflation over…...
Is it a problem if the Fed speaks too much? | CNN Business
3+ day, 9+ hour ago (701+ words) The Federal Reserve is yapping too much about the economy, according to Kevin Warsh, the US central bank's incoming leader. During his confirmation hearing last month, Warsh argued that Fed officials "speak quite frequently" and stressed that "truth-seeking is more…...
Good luck, Kevin Warsh! You're going to need it | CNN Business
5+ day, 7+ hour ago (645+ words) Kevin Warsh, the new Trump-appointed Federal Reserve chair, officially takes over Friday for the other Trump-appointed Fed chair, Jerome Powell, whose term is up after eight years. Now, overseeing the most important central bank in the world is a tough…...
Powell, the most battle-tested Fed chair, finishes his term | CNN Business
5+ day, 10+ hour ago (966+ words) The sharpest economic decline in American history, the highest inflation in more than 40 years, aggressive political attacks from the White House, and the worst-ever global energy shock. Those are some of the extraordinary events that unfolded during the eight-year chairmanship…...
Economic alarm bells: war fueling inflation; prices outpacing paychecks | CNN
5+ day, 19+ hour ago (64+ words) Economic alarm bells: war fueling inflation; prices outpacing paychecks CNN Economic alarm bells: war fueling inflation; prices outpacing paychecks Erin Burnett talks to Jim Bianco, economic analyst and President of Bianco Research, about red flags in the US economy. Scan…...
Like Biden, Trump has an inflation problem. Unlike Biden, Trump's is self-inflicted | CNN Business
6+ day, 8+ hour ago (817+ words) The evidence, both anecdotal and quantitative, is piling up: Inflation is back with a vengeance. Two back-to-back reports this week showed painful price increases across the economy, and they're not going away soon. Consumers are flagging, pummeled by years of…...
Kevin Warsh confirmed as Fed chair, succeeding Jerome Powell | CNN Business
1+ week, 1+ hour ago (10+ words) Kevin Warsh confirmed as Fed chair, succeeding Jerome Powell CNN...