Falling home prices is coming. High unemployment could make it much worse

London CNN Business – Last year, Auckland’s largest real estate company was unable to sell properties fast enough to meet demand in New Zealand’s largest city. Homes were “flying out the door,” said Grant Sykes, a principal at the Barfoot & Thompson real estate agency. “There were chin-breaking moments when agents would stand across the … Read more

Inflation is starting to cool, and Wall Street is loving it

New York CNN Business – Stocks ended the day higher on Tuesday after the US government reported this total price It rose at a much less dramatic rate than expected. This news comes a few days after another report showed that the pace High consumer prices It was also slowing down. The daw It rose … Read more

Pre-market stocks: what the midterm elections could mean for the US economy

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can register over here. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN Business – Tuesday midterm elections It comes at a time of economic weakness in … Read more

White House gets ‘Goldilocks’ jobs report as they look to offset the economy

CNN – As White House officials prepare for the latest jobs report ahead of the midterm elections due to be released Friday morning, the last thing they want to see is the explosive employment number. It is the political paradox that overshadowed the last major A piece of economic data before Election Day – One … Read more

go ahead. Go crazy with avocado. There is a huge glut and prices are calming down

New York CNN Business – There’s at least one ingredient in the grocery store that’s getting less expensive: avocados. There is a big glut in the supply of butter fruit It lowered wholesale prices, which led to lower store prices as well. With the total cost of groceries up astounding 13% compared to last yearCheaper … Read more

mixed stock. But the earnings were mostly good. Just avoid technology

New York CNN Business – Recession fears still haunt Wall Street. The main indicator in the bond market is Flashing signs of potential contraction. The spread between the short-term 3-month Treasury yield and the benchmark 10-year yield reversed briefly late Tuesday and did so again on Wednesday. This means that the yields on short-term bonds … Read more

Why do Republicans love it when Biden talks about the economy?

CNN – President Joe Biden In trouble. He has no choice but to talk about the economy in the inner region of the midterm elections – it’s the problem, given 40 years of high inflation and high gas prices, Voters worry more. But in doing so, he is calling attention to the greatest responsibility that … Read more

Here’s How Republicans Will Deal With Inflation

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free over here. CNN – Life is more expensive, which means that everyone gets a cut in his salary. And people are not happy with that. Gas prices are still high. high rents. service cost. … Read more

China’s economy is in ‘deep trouble’ as Xi heads to Communist Party congress

Hong Kong CNN Business – When Xi Jinping took power a decade ago, China had just overtaken Japan to become the world’s second largest economy. It has grown at an extraordinary pace since then. With an average annual growth rate of 6.7% since 2012, China has experienced one of the fastest sustainable expansions of a … Read more

Biden has a major oil problem. Here’s what you need to know about the latest OPEC+ decision.

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free over here. Washington CNN – With only weeks left until mid-term in November, there are four messages that haunt President Joe Biden and Democrats: OPEC. The Organization of the Petroleum Exporting Countries (OPEC) and … Read more