U.S. home sales fell for the ninth straight month in October as soaring mortgage rates and high prices pushed buyers out of the market. Sales of existing homes — which include single-family homes, townhouses, condominiums and co-ops — were down 28.4% in October from a year ago and 5.9% from September , according to a …
U.S. home sales fell for the ninth straight month in October as soaring mortgage rates and high prices pushed buyers out of the market. Sales of existing homes — which include single-family homes, townhouses, condominiums and co-ops — were down 28.4% in October from a year ago and 5.9% from September , according to a …
New York CNN Business — Inventories were mostly higher on Tuesday after the US government announced that wholesale prices rose at a much less dramatic pace than expected. The news comes just days after another report showed the pace of consumer price increases was also slowing. The Dow was flat midday, having given up much …
Inflation is cooling and Wall Street is loving it | CNN Business Read More »
Minneapolis CNN Business — A key measure of inflation, wholesale prices, rose 8% in October from a year earlier, according to the latest report from the Bureau of Labor Statistics. Although still historically high, this is the smallest increase since July last year and significantly better than expected. It’s the second inflation report this month …
Another Key Economic Report Shows Inflationary Pressures Easing | CNN Business Read More »
CNN — A deadly listeria outbreak in six states has been linked to deli meats and cheese, the US Centers for Disease Control and Prevention announced on Wednesday. People at high risk of serious illness from listeria infection — such as pregnant women, the elderly, and people with weakened immune systems — should not eat …
Deadly listeria outbreak in 6 states linked to deli meats and cheese | CNN Read More »
London/Berlin CNN Business — The German government has blocked the sale of one of its semiconductor factories to a Chinese tech company over security concerns. Germany’s economy ministry said in a statement that it had banned Elmos Semiconductor, which manufactures chips for the automotive industry, to sell its factory of Dortmund to Silex, the Swedish …
Germany blocks sale of chip factory to China over security fears | CNN Business Read More »
New York CNN Business — It’s Election Day in America, and some companies are offering offers and giveaways to mark the occasion, while others are giving employees time off to vote. Election Day is not a public holiday, although it is a public holiday in some states, so some government offices may be closed. According …
Election Day Deals: Donuts, Pizza & Cheap Rides | CNN Business Read More »
New York CNN Business — Chances are you’ve been there: you head to Trader Joe’s for caramel popcorn, churro bites and roasted gorgonzola crackers, or Costco for its Kirkland Peanut Butter Mini Cups. Signature and its pizza to go. But when you get to the store, your favorite treats aren’t on the shelf. And, to …
Why Costco and Trader Joe’s Stopped Selling Your Favorite Food | CNN Business Read More »
CNN — As the United States prepares for a crucial midterm election, a series of conflicting headlines — layoffs at Big Tech, volatile stock markets, a central bank determined to bring pain to fight inflation — blur the picture. answer to a simple question: is the economy improving? Maybe. Maybe not. If you’re frustrated with …
CNN — High levels of benzene, a cancer-causing chemical, have been detected in more brands and lots of dry shampoos, according to a new report from Valisure, an independent lab. Just last month, certain aerosol dry shampoos – including select Dove, Nexxus, Suave, TIGI and TRESemmé products – were voluntarily recalled due to the potential …
