News
What a deserted mall in Moscow says about Russia's economic woes
3+ hour, 1+ min ago (1152+ words) By Zahra Ullah and Ana Archen, CNN Moscow (CNN) " High-energy pop music blares out across the atrium of a glitzy shopping mall in a middle-class Moscow suburb. But what was meant as the soundtrack to the hustle and bustle of…...
Integrity is priceless: Powell closes out eight years at the helm of the Fed
2+ day, 2+ hour ago (976+ words) (CNN) " After eight years spanning three administrations, 66 interest-rate-setting meetings, a pandemic, a criminal probe and countless attacks from the Trump administration, Jerome Powell capped his final policy meeting as chair of the Federal Reserve on Wednesday. But he's not going…...
Como Trump, Petro se queja de las tasas de inter's y rompe con el banco central
1+ mon, 1+ day ago (243+ words) An'lisis por Sebasti'n Jim'nez Valencia, CNN en Espa'ol Gustavo Petro, presidente de Colombia, se quiere mostrar muchas veces como una ant'tesis de Donald Trump. Pero los hechos hablan de lo contrario. La pelea con el banco central del pa's es…...
Will Jerome Powell stick around at the Fed? Here's what insiders told us
3+ day, 2+ hour ago (1016+ words) Washington (CNN) " Federal Reserve Chair Jerome Powell is no stranger to tough decisions, but now he faces one of his toughest and most personal calls yet: Leave the stage or stick around in a supporting role once his replacement takes…...
Consumer sentiment rebounds slightly after hitting lowest level on record
1+ week, 21+ hour ago (247+ words) (CNN) " Americans still feel lousy about the economy and worry that the US-Israeli war with Iran will continue to push up prices. The University of Michigan's final consumer sentiment reading for April measured 49. 8, a slight improvement from the preliminary report…...
Venezuela was promised an economic revival. But three months of minimum wage doesn't add up to a single US dollar
1+ week, 1+ day ago (1064+ words) By CNN Staff, CNN Caracas (CNN) " It is payday Friday, and a popular shopping mall located in eastern Caracas is packed. But while the hallways look full and the display windows are brightly lit and well-stocked, many people enter and…...
Central Oregon's unemployment rates hold steady in February, despite fewer job gains than normal
1+ week, 3+ day ago (657+ words) SALEM, Ore. (KTVZ) -- Central Oregon's seasonally adjusted unemployment rates saw very little movement from January to February, holding steady in Deschutes and Crook counties and dropping slightly in Jefferson County, the Oregon Employment Department reported Tuesday. Here's that full report,…...
How the Fed chair succession saga could become a real mess
1+ week, 5+ day ago (294+ words) By Bryan Mena, Way Mullery, CNN Washington (CNN) " The process to install Kevin Warsh, President Donald Trump's nominee to succeed Federal Reserve Chair Jerome Powell, isn't going smoothly, and it could get even more complicated. After a monthslong search process,…...
Here's what Trump's Fed pick could have in store for the world's most powerful central bank
1+ week, 5+ day ago (900+ words) (CNN) " Kevin Warsh has spent years criticizing the Federal Reserve for doing too much. More recently, he has suggested it may need to do the opposite. That tension will be front and center Tuesday at his confirmation hearing before the…...