Fact check: Biden’s midterms message includes false and misleading claims

Fact check: Biden’s midterms message includes false and misleading claims

Washington CNN  —  President Joe Biden has been back on the campaign trail, traveling in October and early November to deliver his pitch for electing Democrats in the midterm elections on Tuesday. Biden’s pitch has included claims that are false, misleading or lacking important context. (As always, we take no position on the accuracy of … Read more

A decade of rising house prices is over. The UK economy will feel the pain

A decade of rising house prices is over.  The UK economy will feel the pain

London CNN Business — For years, home ownership in the UK has been a one-way venture. Prices have risen steadily since the global financial crisis, increasing in even greater increments after the pandemic began. Fueled by a post-lockdown buying frenzy, the average UK house price hit a record £275,000 ($315,474) in December, up £27,000 on … Read more

10-year Treasury yields edge higher after Fed’s Powell says rates will go higher than expected

10-year Treasury yields edge higher after Fed’s Powell says rates will go higher than expected

Treasury yields swung wildly on Wednesday as traders tried to decipher the Federal Reserve’s message about its tightening after the central bank approved another big rate hike. The dividend on 10-year treasury last traded approx. 3 basis points higher at 4.086% after falling below 4% earlier. The politically sensitive 2-year treasury Last traded yield 7 … Read more

Interest rates: What you need to know about the Federal Reserve’s historic rate hike

Interest rates: What you need to know about the Federal Reserve’s historic rate hike

Washington DC CNN — The Federal Reserve on Wednesday approved a fourth straight rate hike of three-quarters of a percentage point as part of its aggressive fight to bring down the white-hot inflation plaguing the US economy. The increased hike brings the central bank’s benchmark lending rate to a new target range of 3.75% to … Read more

How Congress and Business Can Help Stop Inflation

How Congress and Business Can Help Stop Inflation

Americans look to the nation’s most powerful bank, the Federal Reserve, to fight inflation. “I think our biggest problem, at least for the foreseeable future, is high inflation,” Mark Zandi, chief economist at Moody’s Analytics, told CNBC. The Fed can raise interest rates to slow inflation, which ultimately makes the cost of borrowing higher for … Read more

The US spent half a trillion dollars last year alone to finance its mountain of debt

The US spent half a trillion dollars last year alone to finance its mountain of debt

New York CNN Business — The Federal Reserve’s war on inflation isn’t just painful for homebuyers and people with credit card debt. Uncle Sam is also being pressured by higher borrowing costs. The cost of financing America’s growing mountain of debt is rising rapidly as the Fed struggles to put out the inflationary fire by … Read more

The Fed may have to blow up the economy to get inflation under control

The Fed may have to blow up the economy to get inflation under control

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can register right here. New York CNN Business — The Federal Reserve is most likely to raise interest rates by three-quarters of a percentage point again on Wednesday, its fourth big increase in a row. And it … Read more

Biden’s final midterm message: Republican economic plans would ‘create chaos’​​​​

Biden’s final midterm message: Republican economic plans would ‘create chaos’​​​​

CNN — President Joe Biden stepped up his efforts to paint Republicans as a threat to Americans’ pocketbooks in a speech from upstate New York on Thursday, a closing argument that focused less on his own accomplishments and more on what the GOP might do if they take control of Congress. Biden’s visit to a … Read more

Premarket stocks: The Fed may have changed markets forever

Premarket stocks: The Fed may have changed markets forever

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business  —  It’s safe to say that the global economy is in a pretty bad … Read more

An antitrust battle over GIFs could be a wake-up call for Silicon Valley

An antitrust battle over GIFs could be a wake-up call for Silicon Valley

Washington CNN Business — GIFs – the short, animated images that were a staple of internet memes and culture in the 1990s and 2000s – may be going out of fashion now that social media users have largely moved on to emojis and video. But a protracted legal battle over who can control access to … Read more