Washington, DC CNN — Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but not for inflation, fell by 1% in March from the prior month, the Commerce Department reported on Friday. That was steeper than an expected 0.4% […]
New York CNN — So far this tax season, the IRS has received more than 90 million income tax returns for 2022. That means tens of millions of households have yet to file their returns. If yours is among them, here are some last-minute tax-filing tips to keep in mind as the Tuesday, April 18 […]
Hong Kong CNN — Japan’s workers still aren’t getting paid enough to keep up with rising prices. That’s hurting living standards and creating a major headache for the country’s new central bank chief as he marks his first week on the job. Adjusted for inflation, wages slipped 2.6% in February, compared to the same month […]
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 — In an unusual coincidence, the US jobs report was released on a holiday Friday […]
New York CNN — Millions of jobs could be on the chopping block this year, as the Federal Reserve continues its rate-hiking campaign to tame inflation. But the effects of that action likely won’t reverberate evenly across the economy. The Fed has seen some success: Inflation has cooled for eighth consecutive months, according to the […]
London CNN — A nationwide strike in France to protest a rise in the retirement age drew more than a million people onto the streets on Thursday before ending in violent clashes with police in Paris and other cities. The protest followed a strike of a similar magnitude in January and days of smaller walkouts […]
Paris CNN — More than a million people took to the streets across France on Thursday with protests turning violent in some areas as demonstrators voiced their fury at proposed pension reforms. Clashes between groups of protesters and police broke out after workers staged a national strike throughout Thursday, with flare-ups in Paris and regional […]
Paris CNN — France’s powerful unions are coming out in force for a nationwide strike Thursday in a rejection of a controversial retirement age reform that the government pushed through parliament last week without a vote. Though sporadic, sometimes unruly demonstrations have popped up in Paris and other cities across France since the bill’s passage, […]
London CNN — UK financial markets were spooked again Wednesday — although, unlike last fall, the turmoil was unrelated to a new government budget aimed at reversing Britain’s economic decline. UK finance minister Jeremy Hunt was careful to avoid the drama that engulfed his predecessor’s September “mini” budget as he laid out new spending and […]
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 — The US labor market is remarkably strong — unemployment is sitting at five-decade lows […]
