Energy prices are causing havoc in Asia. The rest of the world should be worried

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 are rising again, driving more buyers out of the housing market

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

Opinion: It’s time to prepare for a recession

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

Pre-market stocks: The bull market has silenced millions of day traders. They are on a difficult journey

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