Washington, DC CNN — The fallout from the recent banking crisis is likely to push the US economy into a mild recession later this year, according to notes from the Federal Reserve’s March policy meeting, released on Wednesday. Since November 2022, staff economists at the Federal Reserve have predicted subdued growth and a weakening economy […]
CNN — Two of Indonesia’s biggest soccer teams Arema FC and Persebaya Surabaya played behind closed doors Tuesday in their first meeting since the deadly stadium disaster that killed more than 130 people in October. The crush began when a number of the 42,000 Arema FC supporters ran onto the pitch following their 3-2 loss […]
CNN — Paul Templer was living his best life. He was 28 and conducting tours in his native Zimbabwe, with a focus on photographic safaris. He had been away for a few years, including a stint in the British army. But he had returned to Africa’s bush country “and fell back in love with it. […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Forget the banking crisis — Main Street’s retail investors have barreled into embattled bank […]
Hong Kong CNN — A set of highly classified Pentagon documents that leaked online in recent weeks in an apparent major security breach reveal American intelligence gathering on its key partners, adversaries and competitors – including China. Many of the documents pertain to the battlefield in Ukraine and the Russian war effort, with some showing […]
CNN — A major cyclone is intensifying off the coast of Western Australia with warnings that it could be the most powerful storm to make landfall in the area in more than a decade with winds strong enough to lift camper vans and trampolines. Australia’s Bureau of Meteorology (BOM) said Cyclone Ilsa is expected to […]
CNN — One day after China simulated “joint precision strikes” on Taiwan during military exercises around the island, Taiwan’s Foreign Minister Joseph Wu condemned Beijing’s actions in an exclusive interview with CNN and warned that “they seem to be trying to get ready to launch a war against Taiwan.” “Look at the military exercises, and […]
Written by Jacqui Palumbo, CNN This story was updated with the final sale price and other details following the auction. In 1998, Michael Jordan laced up a pair of his iconic black and red Air Jordan 13s to bring home a Bulls victory during Game 2 of his final NBA championship — and now they […]
Minneapolis CNN — The banking crisis could help the Federal Reserve’s fight to bring down inflation, but the central bank needs to be “cautious” in its actions moving forward, Chicago Fed President Austan Goolsbee said Tuesday. Goolsbee, the newest Fed appointee, spoke before the Economic Club of Chicago and addressed the “new, big, hairy elephant […]
Minneapolis CNN — US Treasury Secretary Janet Yellen said she believes the American economy remains strong and its banking system is resilient despite some recent turmoil among regional financial institutions. “I’ve not really seen evidence at this stage suggesting a contraction in credit, although that is a possibility,” Yellen said at a press conference Tuesday […]
