Mortgage rates surge, closing in on 7%
By Anna Bahney, CNN Business Mortgage rates surged for the sixth week in a row, moving closer to 7%. The 30-year fixed-rate mortgage averaged 6.70%…
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Used cars have become unaffordable
By Chris Isidore, CNN Business High prices and rising interest rates are putting used cars out of reach for a growing number of car shoppers.…
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In one tiny German town, nobody worries about energy bills
By FRANK JORDANS Associated Press FELDHEIM, Germany (AP) — While most Europeans are watching their energy bills soar as the war in Ukraine drives…
Continue Reading NATO believes Baltic Sea gas pipeline leaks were sabotage
By JAN M. OLSEN Associated Press. COPENHAGEN, Denmark (AP) — NATO believes that damage to two natural gas pipelines in the Baltic Sea is the result…
Continue Reading Bed Bath & Beyond 2Q sales fall but meet Street’s view
By MICHELLE CHAPMAN AP Business Writer Bed Bath & Beyond’s sales declined 28% in its fiscal second quarter, but the performance managed to meet…
Continue Reading Spain agrees on temporary wealth tax, hikes for big earners
By CIARÁN GILES Associated Press MADRID (AP) — Spain’s Socialist-led coalition government says residents whose wealth exceeds 3 million euros…
Continue Reading Treasury moves forward with database on corporate ownership
By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Tens of millions of small U.S. companies will soon be required to submit details on their…
Continue Reading Holiday sales creep has gotten out of hand
By Nathaniel Meyersohn, CNN Business You may not be anywhere close to ready for the holidays — but retail chains certainly are. Christmas trees are…
Continue Reading Latest jobless claims fall to 193,000, underscoring still-tight labor market
By Alicia Wallace, CNN Business The number of first-time claims for unemployment benefits dropped considerably last week, underscoring how employers…
Continue Reading Russia’s nuclear trade with Europe flows despite Ukraine war
By SYLVIE CORBET The Associated Press PARIS (AP) — European Union nations are continuing to import and export nuclear fuel that is not under EU…
Continue Reading US economy drops at 0.6% annual rate from April through June
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a…
Continue Reading Fewer people seek US unemployment aid amid solid hiring
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The number of Americans filing for jobless benefits dropped last week, a sign that few…
Continue Reading Latest GDP reading confirms the US economy shrank for two straight quarters, supporting one definition of a recession
By Alicia Wallace, CNN Business The US economy shrank by 0.6% during the second quarter of the year, according to the latest gross domestic product…
Continue Reading Germany to spend billions to tackle high energy prices
BERLIN (AP) — Germany plans to spend up to 200 billion euros helping consumers and businesses cope with the surge in energy prices. Chancellor Olaf…
Continue Reading Bulgaria to hold election overshadowed by war in Ukraine
By VESELIN TOSHKOV Associated Press SOFIA, Bulgaria (AP) — Bulgarians will go to the polls for the fourth time in less than two years in a general…
Continue Reading The bond market is crumbling. That’s bad for Wall Street and Main Street
By Nicole Goodkind, CNN Business The global bond market is having a historically awful year. The yield on the 10-year US Treasury bond, a proxy for…
Continue Reading Band-Aids and Tylenol will have a new name on their packages
By Nathaniel Meyersohn, CNN Business We have all heard of Band-Aid, Tylenol, Benadryl and Johnson’s baby powder. We have never heard of the new…
Continue Reading Taiwan to end quarantine for arrivals starting Oct. 13
TAIPEI, Taiwan (AP) — Taiwan says it will end mandatory COVID-19 quarantines for people arriving from overseas beginning Oct. 13. The Central…
Continue Reading Porsche shares rise in one of Europe’s largest market debuts
By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Shares in luxury automaker Porsche have risen on their first day of public trading.…
Continue Reading Russia to annex more of Ukraine on Friday at the Kremlin
By JON GAMBRELL and ADAM SCHRECK Associated Press KYIV, Ukraine (AP) — Russia planned to annex more of Ukraine on Friday in an escalation of the…
Continue Reading Harris, Yellen focus on community finance at Freedman Forum
By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Vice President Kamala Harris and Treasury Secretary Janet Yellen will host a forum to…
Continue Reading US candidate to lead UN telecoms agency after US-Russia race
By STEPHEN McGRATH and JAMEY KEATEN Associated Press BUCHAREST, Romania (AP) — Doreen Bogdan-Martin of the United States has been elected to head…
Continue Reading Agency: joining NATO makes Finland target for Russian ops
HELSINKI (AP) — Finland’s future NATO membership will make the Nordic country a more interesting target for Russian intelligence and influencing…
Continue Reading UK’s Truss defends economic plan that sent pound tumbling
By JILL LAWLESS and DANICA KIRKA Associated Press LONDON (AP) — British Prime Minister Liz Truss has defended her economic plan that roiled…
Continue Reading Stocks kick off October with a huge rally
CNN, CNNBUSINESS By Paul R. La Monica, CNN Business Stocks kicked off October with more treats than tricks for investors. The market rallied to begin…
Continue Reading Hong Kong wins over Wall Street CEOs after lifting strict Covid rules
By Michelle Toh, CNN Business Hong Kong has finally secured commitments from some of the world’s biggest banks to participate in a long-awaited…
Continue Reading Welfare group reports severe breaches on Romanian fur farms
By STEPHEN McGRATH Associated Press SIGHISOARA, Romania (AP) — In a dingy basement, chinchillas bred to provide the fashion industry with their fur…
Continue Reading China’s yuan hovers near record lows against the dollar despite central bank warning
By Laura He, CNN Business China’s yuan hovered near record lows against the US dollar on the offshore market on Thursday, as major currencies…
Continue Reading Asian stocks sink on German inflation, British tax cuts
By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stocks sank again Friday after German inflation spiked higher, British Prime Minister Liz…
Continue Reading Chinese tycoon Richard Liu faces civil trial in alleged rape
By AMY FORLITI Associated Press MINNEAPOLIS (AP) — A Chinese billionaire, one of the richest people in the world, is heading to trial in…
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