CNN Business – in Sri LankaPeople line up for miles to fill up your tank. In Bangladesh, stores closed at 8pm to conserve energy. In India and Pakistan, power outages are forcing schools to close, businesses are shutting down, and residents are feeling the heat without air conditioning through deadly heat waves in which temperatures … Read more
Mortgage rates keep rising like the Federal Reserve It seeks to tame impractical inflation. The 30-year fixed-rate mortgage averaged 5.81% in the week ending June 23, up from 5.78% the week before, according to Freddie Mac. This time last year, rates averaged 3.02%, and the last time rates were this high was in the winter … Read more
CNN – Desperate search and rescue operations were underway in eastern Afghanistan on Thursday in the wake of the earthquake Killed more than 1000 peopleA severe blow to a country already facing a severe economic and humanitarian crisis. A 5.9-magnitude earthquake occurred during the early hours of Wednesday morning near the city of Khost on … Read more
Washington CNN – in Wednesday Appearance On ABC’s Late Night “Jimmy Kimmel Live!” President Joe Biden Make a dramatic claim About the American economy – and he repeated himself for emphasis. “Look, here we are. We have the fastest growing economy in the world. The world,” Biden said. facts first: Biden’s claim is false. US … Read more
Editor’s note: Lakshman Akuthan and Anirvan Banerjee are co-founders of the Economic Cycle Research Institute (ECRI). The opinions expressed in this comment are their own. The economy is about to enter a recession, perhaps as soon as this year. To avoid a major financial hit, Americans will need to prepare. Last summer, we wrote that … Read more
A version of this story first appeared in the CNN Business “Before the Bell” newsletter. Not a subscriber? You can register here. You can listen to an audio version of the newsletter by clicking on the same link. London CNN Business – In early 2021, in the midst of a speculative stock market euphoria, a … Read more
