Does the Fed have the labor market all wrong?
The labor market just won’t quit, but this could be another case of “good news is bad news” for the Federal Reserve.
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Hong Kong stocks slump on worries about Chinese banks, US interest rates
Hong Kong stocks on Thursday recorded their worst day in four months, after Goldman Sachs downgraded major Chinese banks on local government debt risks and the US Federal Reserve gave a hawkish outlook.
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Dow tumbles on red-hot US job market
Stocks tumbled on Thursday after fresh data signaled that the labor market remains piping hot, heightening concerns that the Federal Reserve will raise interest rates for longer than expected.
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Banks are leaving savers shortchanged as interest rates soar
When central banks raise interest rates, mortgage borrowers can expect higher monthly repayments, while savers are supposed to be rewarded with bigger returns on their deposits. Or so the theory goes.
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Video: Could rust be the secret to solving fossil fuel power?
In order to move our energy grids to a more carbon-free future, a company called Form Energy is experimenting with an old battery technology that could allow for days of energy storage for homes across the globe.
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Former CIA chief: US needs to 'tighten the screws' on Russia's economy
Washington should crank up the pressure on Moscow as Russian President Vladimir Putin is confronted by a powerful one-two punch of military and economic failures, former CIA director David Petraeus tells CNN.
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Source: CNN Business
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