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Diamond prices are down as people spend more on travel and food
Prices for rough diamonds have dipped in 2023 as many post-pandemic consumers shy away from luxury goods.
According to the…
McCarthy to Face Challenge to His Speakership This Week
House Speaker Kevin McCarthy (R., Calif.) will face a challenge to his own leadership from his own party this week when Congress returns after averting a…
A contract for 75,000 Kaiser Permanente workers expired. Historic US health care strike could start Wednesday
A coalition of eight unions representing 75,000 employees of Kaiser Permanente said late Saturday that is has not reached an agreement with…
Americans support strikes — until they affect their daily lives
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…
EVs Are Setting Records. But There’s a Wake-Up Call in the Data.
Electric-vehicle sales are setting U.S. records. This past week, Cox Automotive updated its U.S. forecasts, saying all new-car sales should come in at about…
This Labor Market Won’t Slow Down Soon. What’s Behind Its Confounding Strength.
At the heart of the Federal Reserve’s 18-month fight to lower inflation has been a presumed trade-off between stable prices and a weakening labor market. Mainstream economic…
Shutdowns Come and Go. Why Deficits Pose the Real and Present Danger.
“Reagan proved deficits don’t matter,” Dick Cheney famously growled back in 2002. And George W. Bush’s vice president was mostly right, based on the previous two decades’ record,…