4. CNN means business:On Thursday, CNNMoneybecomes the all-new CNN Business, covering the companies, personalities, and innovations driving business forward. This new initiative will focus on the single biggest financial story of our generation: how technology is upending every corner of the global...
New York CNN — The US economy isn’t out of the woods yet, but it’s doing a lot better than many forecasters thought it would just a few months ago. At least better than economists at S&P Global Ratings thought it would. They now expect US real gross domestic product ...
London CNN Business — Mass layoffs tied to the coronavirus pandemic sparked a surge in the number of Americans who filed for their first week of unemployment benefits — the latest sign that the US economy is in for a deep recession as shutdowns aimed at containing the virus continue. ...
That means that when the herd is optimistic, money managers take it as a sign that stocks will fall, and vice versa. Part of that reasoning is because investors, and in turn market sentiment, aren’t always rational — a fear of missing out or of taking dee...
The New York Stock Exchange said Monday that a technical issue that halted trading for some major stocks and caused Berkshire Hathaway to be down 99.97% has been resolved. In an update, NYSE said impacted stocks have reopened and “all systems are currently operational.” Intercontinental Excha...
“As someone who started trading stocks in the late ’90s in college, I would always remember watching when the small retail trading groups would get crushed by hedge funds and savvy short-sellers,” Oanda analyst Edward Moya said in a note to clients this week. “What happened with GameSto...
Ad Feedback “Any country can borrow money and drive some growth, but that may not always lead to good growth,” he said in an interview with Sky News. “I think America should be quite aware that we have got to focus on our fiscal deficit issues a little bit more, and that is imp...
More from CNN Trump’s stock surges on the last day before the election Biden is beating Trump on stocks. History shows markets do better under Democrats If you’ve been seeing more pro-Harris ads online lately, here’s why
When prices fall, yields rise, which weighs on stocks. Without a sharp bump on Friday, the S&P 500 — which has dropped in the last three trading sessions — will notch its third consecutive week of declines, as the yield on the benchmark 10-year US Treasury moves back toward 1.6%. ...
New YorkCNN— Americans seeking relief from high borrowing rates might not have to wait much longer. US consumer prices fell in Junefor the first time since the early months of the pandemic. Fresh data Thursday revealed that consumer prices dropped 0.1% from May. On an annual basis, inflati...