How the US is exporting inflation to other countries

How the US is exporting inflation to other countries

London CNN business – The Federal Reserve is focused on stemming price increases in the United States. But countries thousands of miles away are teetering from their hardball campaign to strangle inflation as their central banks are forced to raise interest rates faster and higher and a runaway dollar pushes value down. of their currencies. … Read more

Tilted markets get a great deal of cold from the Bank of England

This story is part of CNN Business’ Nightcap newsletter. To receive it in your mailbox, register for free, here. New York CNN business – All the UK government drama keeps me from catching up on the only British drama I really want to consume, which is Love Island, season 8, which I haven’t finished yet … Read more

Pre-market stocks: is the bitcoin winter starting to thaw?

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. New York CNN business – It has been a cold and harsh winter for cryptocurrencies. But signs … Read more

Pre-market stocks: is the bitcoin winter starting to thaw?

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. New York CNN business – It has been a cold and harsh winter for cryptocurrencies. But signs … Read more

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

Markets are now treating UK bonds such as Greek and Italian debt

London CNN business – The pound may have stopped its headlong collapse to parity with the US dollar, but the damage to the UK economy from Prime Minister Liz Truss’s huge tax cut bet is still ruining financial markets. The pound stabilized early Tuesday to trade near $ 1.08, rebounding from Monday’s record low of … Read more

Take no prisoners: In the Fed’s fight against inflation, no one is spared

New York CNN business – Call it “Don’t Take Prisoners” economics. Concerns about the recession are deepening around the world. Mortgage rates are on the rise and homes have stalled. The Dow is at a two-year low and close to a bear market. Global central banks are raising interest rates with no end in sight … Read more

Fed chairman Powell warned of the coming “pain”. Fixed-income seniors already feel this

CNN – American seniors face many difficult choices. After the Federal Reserve’s latest rate hike, the combination of rising prices of everything from food to gas to utilities and ever-higher borrowing costs is making fixed-income Americans’ finances increasingly precarious. “Overall, they have an increase in daily living expenses due to the economy right now,” said … Read more

Forget a soft landing. The market’s best hope is a “growth” recession.

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. New York CNN business – Investors are realizing the harsh reality of how much pain the economy … Read more

This guy is using AI to make a movie and you can help decide what happens next

CNN – “Salt” is reminiscent of many science fiction films from the 1970s and early 1980s, complete with 35mm footage of space cargo ships and moody alien landscapes. But while it feels like a throwback, the way it was created indicates what could be a new frontier for filmmaking. “Salt” was born from an idea … Read more