A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN — The Federal Reserve is almost certain to announce on Wednesday that it will raise interest rates again. But investors are hoping it will be a smaller increase than the …
The Fed will raise rates again. But that’s playing with fire | CNN Business Read More »
A version of this story first appeared in 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. New York CNN Business — The US economy gained 263,000 jobs in November, 63,000 more than the …
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN Business — The collapse of FTX has sent the price of bitcoin and other cryptocurrencies plummeting by more than 60% this year…and the carnage has spread to publicly traded companies …
Is the worst over for bitcoin and the rest of crypto? | CNN Business Read More »
A version of this story first appeared in 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. New York CNN Business — The global economy is weakening and consumers are feeling financially stressed. Gas …
Why the stock market is channeling Goldilocks | CNN Business Read More »
CNN — The U.S. Food and Drug Administration is considering shifting its blood donation policy from general assessments to questionnaires that focus more on individual risk, it said Wednesday. The agency uses data from a donor eligibility study and other blood surveillance information that “will likely support a policy shift to individual risk-based donor screening …
FDA plans to move to individual risk-based assessments for blood donors | CNN Read More »
New York CNN Business — When Christine Martinez found out last month that Kroger and Albertsons were planning to merge in a deal worth nearly $25 billion, she thought, “here we go again.” Martinez lost her job as a pharmacy technician following an earlier supermarket mega-merger: Albertsons’ $9 billion combination with Safeway in 2014. That …
There’s a big problem with the Kroger-Albertsons supermarket merger | CNN Business Read More »
CNN — A biologic therapy that delays the onset of type 1 diabetes received approval from the U.S. Food and Drug Administration on Thursday. It is the first therapy approved for the prevention of type 1 diabetes. The monoclonal antibody teplizumab, which will be marketed under the brand name Tzield, from ProventionBio and Sanofi is …
FDA approves first treatment to delay onset of type 1 diabetes | CNN Read More »
Editor’s note: Freddie Mac, which has tracked weekly average mortgage rates since 1971 and has periodically made changes to its primary mortgage market survey, changed the source of its data effective November 17, 2022. Instead of surveying lenders, weekly results will be based on applications received from lenders that are submitted to Freddie Mac. Learn …
Mortgage rates plunge, biggest weekly drop since 1981 | CNN Business Read More »
New York CNN Business — Inventories were mostly higher on Tuesday after the US government announced that wholesale prices rose at a much less dramatic pace than expected. The news comes just days after another report showed the pace of consumer price increases was also slowing. The Dow was flat midday, having given up much …
Inflation is cooling and Wall Street is loving it | CNN Business Read More »
Minneapolis CNN Business — A key measure of inflation, wholesale prices, rose 8% in October from a year earlier, according to the latest report from the Bureau of Labor Statistics. Although still historically high, this is the smallest increase since July last year and significantly better than expected. It’s the second inflation report this month …
Another Key Economic Report Shows Inflationary Pressures Easing | CNN Business Read More »
