CNN — US forces killed two top ISIS leaders in an airstrike in northern Syria on Thursday, according to two defense officials, one day after a US raid killed an ISIS smuggler. The strike killed Abu ‘Ala, one of the top five ISIS leaders and the deputy leader of ISIS in Syria, as well as […]
After rising for six weeks in a row, mortgage rates retreated last week. The 30-year fixed-rate mortgage averaged 6.66% in the week ending October 5, down from 6.70% the week before, according to Freddie Mac. Mortgage rates have more than doubled since the start of this year as the Federal Reserve continues its unprecedented campaign […]
São Paulo, Brazil CNN — Brazilians woke up to four more weeks of campaigning after a presidential vote on Sunday destined frontrunners Luiz Inácio “Lula” da Silva and Jair Bolsonaro to a second round run-off later this month. Results released Monday by Brazil’s Superior Electoral Court (TSE) showed left-wing candidate and former president da Silva […]
New York CNN Business — Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s edge. The question of a recession is no longer if, but when. Over the past week, the pulse of those flashing red lights quickened as markets grappled with the reality — once speculative, […]
New York CNN Business — JPMorgan Chase CEO Jamie Dimon testified on Capitol Hill Thursday for the second straight day. This time, he faced his longtime critic Sen. Elizabeth Warren. Warren began her line of questioning by asking how many instances of fraud had been reported to his bank from customers using Zelle, a popular […]
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 — So much for Wall Street sitting back and taking it easy while awaiting the Federal Reserve’s latest interest rate decision on Wednesday. Stocks slid Tuesday as investors grew anxious about the impact of another big rate hike. The Dow fell more than 450 points, or 1.5%, in midday trading. The […]
London CNN Business — The British pound slumped to a 37-year low on Friday after new data showed that shoppers are pulling back spending as inflation squeezes household budgets, underscoring fears that the economy may already be shrinking. The currency fell below $1.14, its lowest since 1985, after the Office for National Statistics said that […]
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 […]
