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Yeezy without the Ye? Who is new “sole” owner
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Yeezy without the Ye? Who is new “sole” owner

New York CNN Business  —  “When it starts to get crazy, then run away,” Kanye West once sang. Adidas followed his advice. Where to start? After a social media uproar Adidas cut ties with Ye, the artist formally known as Kanye West (and formerly known as a billionaire) joining the long list of brands that...

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,...

China’s yuan tumbles amid fears about Xi’s third term
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China’s yuan tumbles amid fears about Xi’s third term

Hong Kong CNN Business  —  China’s yuan tumbled on Tuesday to its lowest level in nearly 15 years on Tuesday as investors fled Chinese assets amid fears about Xi Jinping’s dramatic move to tighten his grip on power in a major reshuffle of Communist Party leaders On the tightly controlled domestic market, the yuan dropped...

Google’s core business is slowing down amid recession fears
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Google’s core business is slowing down amid recession fears

New York CNN Business  —  Google may be the giant in the digital advertising world, but even it is not immune to the impact that the economic downturn and recession fears are having on the online ad market. Google parent company Alphabet (GOOGL) on Tuesday reported earnings results for the third quarter that fell short...

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,...

Tesla shares fall further as it cuts price on cars in China
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Tesla shares fall further as it cuts price on cars in China

Tesla has cut starting prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market. The price cuts, posted in listings on the electric vehicle giant’s China website on Monday, are...

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...

Pound holds ground as Rishi Sunak leads race to become UK prime minister
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Pound holds ground as Rishi Sunak leads race to become UK prime minister

London CNN Business  —  Britain’s third prime minister in seven weeks will face the huge challenge of projecting stability after a period of historic political and financial market chaos. But their other task — shepherding the country through a recession — is poised to be just as daunting. Rishi Sunak emerged over the weekend as...