A version of this story appeared in the May 18 edition of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. Sign up here. London CNN — There’s no denying the echoes to the late Princess Diana’s 1997 death in a car crash in Paris. More than 25 years […]
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% […]
Hong Kong CNN — Xi Jinping has had a busy couple of weeks. Since late last month the Chinese leader has hosted heads of state and government chiefs from Spain, Singapore, Malaysia, France and the European Union – an unusual pace of diplomatic activity that comes as countries look to Beijing as the global economy […]
CNN — The US State Department said Thursday it is “disappointed” by a Chinese court’s decision to uphold the death sentence for American citizen Mark Swidan and called for his immediate release. “Today the People’s Republic of China’s Jiangmen Intermediate Court denied wrongfully detained US national Mark Swidan’s appeal, and upheld his death penalty with […]
CNN — When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color who panicked about losing access to payroll funds. As a Black woman with nearly 10 years of business experience, Hamilton knew the options for those […]
Washington, DC CNN — Even as rents are cooling in some parts of the country, it has never cost more to rent a Manhattan apartment as it did in March. Typically, rental activity builds from the spring to a peak in late summer, but median rent last month was the highest on record, according to […]
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. Washington DC CNN — After more than a year of soaring prices monopolizing the attention of Wall Street, […]
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 […]
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 […]
New York CNN — As the economy slows, are employers starting to regain the upper hand in negotiations with employees and job seekers? Pay is always an issue, of course, but in the wake of the pandemic, so too is how much time employers want people to work on site versus how much they are […]
