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

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

The British pound plunges to a new low as tax cuts cause concern

LONDON – The British pound fell to an all-time low against the US dollar early Monday after Treasury Chief Kwasi Kwarteng promised a large package of tax cuts, fueling concerns about the government’s economic policy as the UK teeters into recession . The pound fell as low as $ 1.0373, the lowest level since decimalization … 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

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

America’s dependence on credit cards is growing. The Fed rate hike will make it more painful

CNN – As prices continue to rise, Americans are becoming more and more dependent on credit cards to make purchases. And now, with the Federal Reserve’s latest three-quarter percentage point hike, many of them will pay more for the debt they’ve accumulated. Interest rates on nearly all credit cards and home equity lines of credit … Read more