China GDP: Hong Kong stocks plunge 6% as fears about Xi’s third term trump data
Hong Kong CNN Business — Hong Kong stocks had their worst day since the 2008 global financial crisis, just a day after Chinese leader Xi Jinping secured his iron grip…
As the US-Saudi oil spat intensifies, what are Biden’s options?
Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. Abu Dhabi…
Russia’s hit-and-miss missile blitz forces a frantic race to shore up Ukrainian defenses
CNN — The Russian military appears to have embarked on a new tactic in its efforts to turn the tide of its faltering war: trying to overwhelm Ukraine’s largely Soviet-era…
Saudis aren’t weaponizing oil like Americans claim, top official says
CNN — Saudi Minister of State for Foreign Affairs Adel al-Jubeir said his country partnered with Russia to slash oil production in order to stabilize markets and denied that there…
Lower gas prices push consumer confidence to highest level since May
CNN — Lower gas prices helped consumer confidence bounce back in August, breaking a three-month stretch of worsening sentiment. However this improvement, while welcome, is tempered by ongoing worries that…
What is inflation? This is why costs move up, and who is accountable
New York CNN Business — Confused about inflation? You’re now not by myself. Inflation is, ironically, each extremely easy to know and absurdly sophisticated. Let’s get started with the most…
Who owns your credits rating? Not you
New York CNN Business — Credit businesses know so much about Americans. The businesses collect data, corresponding to Social Security numbers, birthdays, how a lot financial savings other folks have,…
The US economic system did not get the recession memo
New York CNN Business — The American economic system didn’t get the memo that it’s intended to already be in a recession. The brutal GDP report launched on July 28,…
Consumer worth hikes took a breather in July, fueling hopes that inflation has peaked
CNN — Runaway inflation took a breather in July, with shopper costs expanding through 8.5% 12 months over 12 months, a slower tempo than the 9.1% building up in June,…