Minneapolis CNN Business — The US economy grew last quarter, bouncing back after shrinking in the first half of the year. Gross domestic product — the broadest measure of economic activity — rose by an annualized rate of 2.6% during the third quarter, according to initial estimates released Thursday by the Bureau of Economic Analysis. […]
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 — Imminent recession is the topic du jour. From Goldman Sachs to the IMF, […]
Hong Kong CNN Business — When Chinese leader Xi Jinping secured a historic third term in power at the weekend and stacked his top team with loyalists in a clean sweep not seen since the Mao era, investors were quick to pass judgment. Chinese stocks listed in Hong Kong and New York crashed on Monday, […]
Reuters — The third time’s the charm in the New York bar exam for Kei Komuro, a law clerk at law firm Lowenstein Sandler and the husband of Japan’s Princess Mako. Komuro’s name appeared on the list of those who passed New York’s July bar exam released October 20, after the Japanese press zeroed in […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — The housing market is rapidly losing steam. Interest rates continue to rise. The stock market remains volatile. And inflation continues to be a major problem for people trying […]
A US judge in Texas ruled on Friday that people killed in two Boeing (BA) 737 MAX crashes are legally considered “crime victims,” a designation that will determine what remedies should be imposed. In December, some crash victims’ relatives said the US Justice Department violated their legal rights when it struck a January 2021 deferred […]
Philadelphia CNN — Tyrique Glasgow’s life has always revolved around his South Philadelphia neighborhood, and gun violence has always been a part of it. When he was just 8 years old, he heard his grandmother’s screams after she was told that his uncle had been murdered. He lost multiple cousins and friends in shootings. At […]
Washington, DC CNN — Tesla buyers may be able to take advantage of new federal tax credits for electric vehicles next year, the automaker’s executives said Wednesday. The credits can be as large as $7,500 for new vehicles and $4,000 for used vehicles. Tesla’s eligibility for the previous tax credits ended in Jan. 2020 when […]
New York CNN Business — Stubborn inflation and the Federal Reserve’s jumbo-sized interest rate hikes will drive the American economy into a 1990-style mild recession starting in the spring, Fitch Ratings warned on Tuesday. In a report obtained first by CNN, Fitch slashed its US growth forecasts for this year and next because of one […]
CNN — The Australian government has reversed a decision by its predecessor to recognize West Jerusalem as the capital of Israel, prompting a rebuke from the Israeli government. Australian Foreign Minister Penny Wong reaffirmed Canberra’s “previous and long-standing position” on Israel in a briefing on Tuesday, emphasizing the new Labor government’s unwavering support both for […]
