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 …
hong kong CNN Business — Market sentiment on Chinese stocks hit rock bottom just weeks ago after President Xi Jinping secured a historic third term in office and piled his best team with loyalists in a sweep not seen since Mao era. But last week, a series of unexpected moves from Beijing — the easing …
London CNN Business — The last time a UK finance minister revealed tax and spending plans, the markets went haywire and the country’s prime minister eventually lost her job. The new government is not looking for repeat performance. On Thursday, Chancellor Jeremy Hunt is due to unveil a budget that will aim to restore confidence …
Britain brings back austerity. Here’s why | CNN Business Read More »
New Delhi CNN Business — Aftershocks from Last Week’s Massive Trillion-Dollar Crypto Industry Earthquake Continued to Reverberate In Monday. Digital currency prices fell again as the crisis engulfing the market deepened over the weekend. Bitcoin, the largest cryptocurrency in the world, has fallen around 65% so far this year. It was trading at around $16,500 …
The crypto crisis continues. Here’s the latest on FTX’s meltdown | CNN Business Read More »
London CNN Business — The Staggering Fall of FTX Exchange, One of the Biggest and Most Reputable Players in the Digital Asset Market, Raises Alarm among people who own cryptocurrencies as investors run for cover. There are still many unanswered questions. But two big issues loom: how far will the damage extend? And can the …
What’s Next For Crypto As FTX Collapse Triggers ‘Lehman Moment’? | CNN Business Read More »
London CNN Business — The Staggering Fall of FTX Exchange, One of the Biggest and Most Reputable Players in the Digital Asset Market, Raises Alarm among people who own cryptocurrencies as investors run for cover. There are still many unanswered questions. But two big issues loom: how far will the damage extend? And can the …
What’s Next For Crypto As FTX Collapse Triggers ‘Lehman Moment’? | CNN Business Read More »
Brisbane, Australia CNN — Cybercriminals in Russia are behind a ransomware attack on one of Australia’s largest private health insurers that saw sensitive personal data posted on the dark web, the Australian Federal Police said on Friday ( AFP). In a short press conference, AFP commissioner Reece Kershaw told reporters that investigators knew the identities …
Australia blames cybercriminals in Russia for Medibank data breach | CNN Business 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 »
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN Business — Tuesday’s midterm elections come at a time of economic vulnerability for the …
What the midterm elections could mean for the US economy | CNN Business Read More »
