Americans looking to buy or rent a home have had a rough year. Rents are up by double-digit percentages in some cities. Meanwhile, buying a home is the most unaffordable it has been since the mid-1980s. Mortgage rates have surpassed 6% and home prices remain just off the record highs hit in recent months, pricing […]
CNN — With Category 4 Hurricane Fiona poised to sideswipe Bermuda later this week, people in the storm’s deadly wake still faced days without basic utilities Wednesday – including much of Puerto Rico, where most were left without power and running water. Only about 395,200 of Puerto Rico’s 1.5 million utility customers had power by […]
New York CNN Business — Well, it was nice while it lasted. After sinking every day for more than three months, US gas prices edged higher — by a penny — to $3.68 a gallon, on average Wednesday, according to AAA. That ends 98 consecutive days of falling pump prices, the second-longest such streak on […]
Hong Kong CNN Business — One of China’s most popular livestreamers quietly resurfaced online Tuesday night, after a three-month absence linked to his appearance with a cake shaped like a tank, in what many believed was an oblique reference to the Tiananmen Square massacre. On Tuesday night, Li Jiaqi reappeared on Alibaba’s Taobao Live, a […]
London CNN Business — Labor unions in the United Kingdom offered the country a brief respite from a wave of strike action during the period of national mourning for the late Queen Elizabeth II. Now, one day after the monarch’s funeral, strikes are back on as workers press their claims for better pay and conditions […]
Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. Hong Kong CNN Business — The future looked promising for Cherry in May last year, when she secured a […]
Hong Kong/Seoul CNN Business — Clark Park, a 35-year-old YouTuber, is one of many people in South Korea fed up with high food prices. That’s why he grabbed his camera and joined a huge throng of shoppers clamoring for cheap fried chicken one August morning at Homeplus, a hypermarket chain that had just slashed 12% […]
New York CNN Business — FedEx warned that a global recession could be coming, as demand for packages around the world tumbles. Shares of FedEx (FDX) plunged 22% in early trading after the open Friday after it warned late Thursday that a slowing economy will cause it to fall $500 million short of its revenue […]
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 Business — The announcement from the White House that a tentative deal has been reached […]
Evening Standard/Hulton Royals Collection/Getty Images King George VI’s coffin is carried through the streets of London before being transported to Windsor Castle for his funeral on February 15, 1952. As the United Kingdom mourns Queen Elizabeth II, only a minority will remember first-hand what life was like the last time the country buried a monarch. […]
