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Analysis: A government shutdown is the last thing the economy needs
It’s a delicate time for the American economy.
The long-rumored recession has not arrived, and yet economic threats are…
Citigroup in talks to sell China retail-wealth unit to HSBC: Reports
Citigroup Inc. could announce as early as next month a deal to sell its consumer-wealth business in China to HSBC Plc some two years after it announced plans…
US mortgage rates climb to 7.31%, hitting their highest level in nearly 23 years
US mortgage rates surged to their highest level in nearly 23 years this week as inflation pressures persisted.
The 30-year…
U.S. new-car sales seen rising more than 13% in September
U.S. sales of new vehicles are expected to jump more than 13% in September, which would be the second straight month of double-digit sales as a strike…
Pending home sales plunged last month as mortgage rates hit 20-year highs
Mortgage rates surging over 7% in August to levels not seen in 20 years packed a punch last month, with US pending home sales dropping 7.1% in…
Yelp sues Texas to defend its labeling of crisis pregnancy centers
Yelp is suing Texas to ensure it can continue to tell users that crisis pregnancy centers listed on its site do not provide abortions or…
GameStop’s stock jumps after billionaire investor Ryan Cohen named CEO
Shares of GameStop Corp. surged Thursday, after the consumer electronics retailer named Ryan Cohen as its president and chief executive officer, effective…
US consumer spending was much weaker in the second quarter than previously estimated
The Commerce Department’s final revision of second-quarter gross domestic product, the broadest measure of economic output, showed that…
US government shutdowns don’t send markets tanking, but the coast is far from clear
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…