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 — It cost the Federal Deposit Insurance Corporation about $23 billion to clean up the […]
New York CNN — A US default would have such devastating economic and financial consequences that many observers dismiss the possibility out of hand. But investors are not ruling out such a nightmare scenario. Even though a default could wipe out millions of jobs and wreak havoc on Wall Street, the White House and Republican […]
CNN — Ghana’s President Nana Akufo-Addo has said that “substantial elements” of a draconian anti-LGBTQ bill being considered by its parliament “have been modified” after an intervention by his government. Akufo-Addo made the disclosure Monday at a joint press conference with US Vice-President Kamala Harris, who’s on a tour of the West African country. He […]
Inflation is ravaging shoppers’ wallets and the Federal Reserve has responded by instituting a regimen of painful interest rate hikes that could land the economy in a recession. But corporate profits are surging. US profit margins have reached record levels not seen since the immediate aftermath of World War II. Source link
Hong Kong CNN — For the past decade, China has lent massive sums to governments across Asia, Africa and Europe, growing its global influence through infrastructure megaprojects and becoming one of the world’s biggest creditors. Now, a new study says Beijing has also become a major emergency rescue lender to those same countries, many of […]
New York CNN — America’s biggest companies rushed to strengthen their gun safety policies after the mass shooting at a high school in Parkland, Florida, in 2018. Dick’s Sporting Goods stopped selling semi-automatic, assault-style rifles at stores. Citigroup put new restrictions on gun sales by business customers. A year later, after mass shootings at a […]
CNN — At least 39 people died in a fire at a migration center in Mexico’s northern border city of Ciudad Juarez, officials said Tuesday. Authorities said the fire at the office of National Migration Institute (INM) occurred after they picked up about 71 migrants from the streets of the city. The cause of the […]
CNN — More than 300 active and former fencers have written to the International Olympic Committee (IOC) urging the organization to uphold sanctions against Russian and Belarusian athletes, saying that allowing them entry back into international competitions would be “a catastrophic error.” “Russia’s aggression violates not only the norms of international law but also the […]
A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. CNN — The pictures from Israel are incredible: seas of protesters rising up across the country. A general strike interrupted daily life and threatens to cripple the economy. The country’s defense minister has […]
CNN — Markets seesawed severely this week when two of the US economy’s most prominent leaders gave seemingly contradictory statements on the health of the banking sector. Expect more turbulence ahead. Fresh off of the Federal Reserve’s decision on Wednesday to hike interest rates by a quarter point, Fed Chairman Jerome Powell said in the […]
