CNN

3 ways Trump trying to fire Powell could backfire

If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets. For now, the ...

The Fed admits it can’t easily fix an economic problem it helped create

Low-income Americans have missed out on the wealth effects that have benefited the highest earners. The Fed, which has played a role in what economists refer to as the K-shaped economy, can’t easily ...
CNN

Hot dogs, camping trips and cardboard boxes: What these non-scientific indicators tell us about the economy

Gray’s Papaya hot dog restaurant in Manhattan has served up beef franks to the hungry and frugal masses for the past five decades. But the bustling business off 72nd and Broadway isn’t just an iconic ...
CNN

For Chicago small businesses, ‘the pope economy’ is good

Since Pope Leo XIV’s election in May, creative entrepreneurs across the globe have worked overtime to stamp his likeness on everything from baby onesies to a cold pint of beer. But the frenzy to own ...
CNN

What happens if Trump gets control of the Fed? Warnings from history for the US and beyond

Federal Reserve Chair Jerome Powell’s comments at Jackson Hole Friday hinting at the possibility of an upcoming interest rate cut should have been music to President Donald Trump’s ears. Yet days ...
CNN

Fed announces first rate cut in nine months, signals more reductions to come

• The Federal Reserve cut its benchmark interest rate Wednesday for the first time since December and signaled more cuts are likely this year. • Central bankers opted for a quarter-point cut this time ...
CNN

Markets slump on tariffs and jobs data as Trump fires labor bureau statistics chief

Our live coverage of tariffs and the July jobs report has ended. Scroll through the posts below to read about today’s developments. The National Association for Business Economics slammed President ...
CNN

Is the Economy OK? Why It Might Not Feel Like It to You

Missed car payments, crowdfunding for groceries, prices rising on everything from rent to hummus — everyday signs that something in the economy feels...tense. But the official numbers, and even the ...
CNN

Tariffs are giving parents back-to-school sticker shock

Lisa Ward was startled at the prices on sneakers when she recently went back-to-school shopping for her twin boys. “All of them were at least $10 or $20 more than last year. That pissed me off, but I ...
CNN

Wall Street shrugs off banking sector concerns

US stocks closed higher on Friday as investors tried to look past concerns about credit market turmoil and instead embraced optimism that Washington and Beijing might de-escalate trade tensions. The ...
CNN

The tech revolution helping to bring Africa’s unbanked into the digital economy

At CNN’s Global Perspectives event, MTN Group Fintech set out how its mobile platform is unlocking financial inclusion in Africa. Africa runs on cash. Over 65% of people in Sub-Saharan Africa are ...