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Premarket stocks: Don’t be fooled by a strong GDP report
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Premarket stocks: Don’t be fooled by a strong GDP report

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  —  Imminent recession is the topic du jour. From Goldman Sachs to the IMF,...

Soaring inflation is throwing retirees’ budgets into chaos
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Soaring inflation is throwing retirees’ budgets into chaos

CNN  —  At the Senior Friendship Center in Sarasota, Florida, talking about inflation really strikes a chord. At a card table there, CNN met with a group of seniors, all on fixed incomes, who spoke about feeling the squeeze from steep price hikes over the past year. Katherine Janes, 81, said she had to turn...

UK economy: Rishi Sunak only has unpleasant choices as prime minister
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UK economy: Rishi Sunak only has unpleasant choices as prime minister

London CNN Business  —  Rishi Sunak, Britain’s third prime minister in seven weeks, took office on Tuesday with a pledge to fix the “mistakes” of predecessor Liz Truss and tackle a “profound economic crisis.” The task won’t be an easy one, he acknowledged. “This will mean difficult decisions to come,” Sunak said in his first...

Home prices are finally falling. But how low will they go?
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Home prices are finally falling. But how low will they go?

The US housing market is in the midst of a major shift. After two years of stratospheric price appreciation, home prices have peaked and are on their way back down. But what homebuyers and homeowners alike want to know is: How much lower will prices go? The short answer: Prices are likely to drop further,...

China GDP: Hong Kong stocks plunge 6% as fears about Xi’s third term trump data
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China GDP: Hong Kong stocks plunge 6% as fears about Xi’s third term trump data

Hong Kong CNN Business  —  Hong Kong stocks had their worst day since the 2008 global financial crisis, just a day after Chinese leader Xi Jinping secured his iron grip on power at a major political gathering. Foreign investors spooked by the outcome of the Communist Party’s leadership reshuffle dumped Chinese equities and the yuan...

Work flexibility, stimulus helped fuel pandemic ‘baby bump,’ study shows
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Work flexibility, stimulus helped fuel pandemic ‘baby bump,’ study shows

New York CNN Business  —  Economic factors, not just lockdown-induced forced proximity, played a key role in last year’s “baby bump,” according to the economists behind a new working paper released earlier this week. Economists from UCLA, Northwestern and Princeton universities found that pandemic trends, such as increased work flexibility, helped push up US birth...

New IRS rules mean your paycheck could be bigger next year
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New IRS rules mean your paycheck could be bigger next year

Inflation may be pushing prices up, but it also may help push up your take-home pay starting next year. Thanks to inflation adjustments to 2023 federal income tax brackets and other provisions announced by the Internal Revenue Service this week, more of your 2023 wages may be subject to lower tax rates than they were...

White House plans on announcing additional oil reserve sales in wake of OPEC+ cut
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White House plans on announcing additional oil reserve sales in wake of OPEC+ cut

CNN  —  President Joe Biden on Wednesday will announce the sale of an additional 15 million barrels from the Strategic Petroleum Reserve in December, a senior administration official said, as his administration seeks to counter market pressures created by the OPEC+ decision to cut oil production targets just three weeks from the midterm elections. The...