Pound to dollar: the collapse of the pound will worsen inflation

London CNN business – The UK government’s decision to implement the biggest tax cuts in 50 years while borrowing tens of billions of dollars to subsidize rising energy costs this winter is a huge bet that has sent shockwaves. on the financial markets. Since Friday, when Finance Minister Kwasi Kwarteng formally announced the plans, the … Read more

Pre-market stocks: the curious case of falling gold prices

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can subscribe right here. You can listen to an audio version of the newsletter by clicking on the same link. London CNN business – It should be the perfect time to own gold. The yellow metal has … Read more

Inflation is a global problem, that’s how central banks are dealing with it

New York CNN business – Just like misery, inflation loves company. And as price increases approach the highs of the last 40 years, the United States it has plenty of it. A perfect stimulus money storm during the pandemic, strong demand for goods, geopolitical chaos and supply chain difficulties have led to a rise in … Read more

Inflation is a global problem, that’s how central banks are dealing with it

New York CNN business – Just like misery, inflation loves company. And as price increases approach the highs of the last 40 years, the United States it has plenty of it. A perfect stimulus money storm during the pandemic, strong demand for goods, geopolitical chaos and supply chain difficulties have led to a rise in … Read more

What happened to the 2 dollar bills?

New York CNN business – Inflation has made it difficult to buy a lot with a dollar these days. The $ 1 pizza has disappeared. Dollar stores are no longer dollar stores. So wouldn’t it make more sense to start paying with $ 2 bills instead? “If you had a $ 2 bill, great,” said … Read more

Pre-market stocks: The US dollar is strong but something is wrong

New York CNN business – The US dollar cannot be stopped. Fueled by the Federal Reserve’s aggressive tightening policy, the value of the greenback is appreciating at multi-decade highs and crushing currencies around the world. Generally, emerging market countries bear the brunt of a strong dollar. This is because developing countries have been encouraged by … Read more

The problem that should keep Liz Truss awake at night

London CNN business – Liz Truss has a lot to do. The UK is heading for a recession. Workers are on strike as inflation erodes their standard of living. And millions of people and thousands of businesses need immediate relief from rising energy bills to get through the winter. “This is a difficult time for … Read more

Profits of Chinese companies are plummeting as zero Covid makes itself felt

Hong Kong CNN business – China is suffering one of the worst earnings recessions on record as Beijing’s zero-Covid policy and a housing crisis have strained the country’s listed companies. More than 4,800 Chinese companies listed in Shanghai, Shenzhen and Beijing have released their earnings for the first half of the year. It was a … Read more