Tag: continents and regions

The economy may be in better shape than you think — for now

July 28, 2023

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — The housing market is rapidly losing steam. Interest rates continue to rise. The stock market remains volatile. And inflation continues to be a major problem for people trying…
Thousands bid farewell to Pelé

November 2, 2022

CNN — Soccer great Pelé was laid to rest on Tuesday after thousands lined the streets in the city of Santos to view his funeral procession. The procession had started at the Urbano Caldeira Stadium, home of Pelé’s former club Santos, and his coffin was carried through the streets of Santos, including the street where…
Latest GDP reading confirms the US economy shrank for two straight quarters

October 24, 2022

Minneapolis CNN Business — The US economy shrank by 0.6% during the second quarter of the year, according to the latest gross domestic product estimate from the Bureau of Economic Analysis released Thursday. That matches the most recent GDP estimate and shows the economy was in contraction for the entire first half of the year…
The Fed doubles down on message to markets — aggressive rate hikes aren't going away

April 28, 2022

New York CNN Business — The US Federal Reserve is delivering a hawkish message to markets: We hear you, we see you, but you can’t stop us — aggressive rate hikes aren’t going away. Wall Street seems to be listening. Markets now see an 86% chance of a three-quarter point hike at the September Fed…
Pelé's coffin is placed in the middle of the pitch in Brazil's final farewell

April 9, 2022

CNN — Brazilians have started paying their final respects to football great Pelé with a 24-hour public wake, which began on Monday at the Urbano Caldeira Stadium, the home of his former football club, Santos. The wake is open to the public and mourners began entering the stadium Monday morning. On Tuesday, a funeral procession…
Nigeria delays plans to replace its banknotes after chaotic scenes at ATMs

May 25, 2021

Abuja, Nigeria CNN — Nigeria was forced Wednesday to delay plans to replace its banknotes with a redesigned currency after chaotic scenes at ATMs as millions of people struggled to get their hands on the new cash. The country’s old notes were supposed to cease to be legal tender starting February 11 but the country’s Supreme…
$4 gas could be coming — again

January 3, 2021

New York CNN Business — Here’s the bad news first: Gas prices are on the rise in most of the US and could soon hit a national average of $4 a gallon for the first time in two months. But the good news is prices might not stay there long, as they’re already falling in…
Here's why 75% of likely voters think we are in a recession — even though we're probably not

November 20, 2020

New York CNN Business — A new CNN poll shows that three-quarters of likely voters feel like the US economy is in a recession. It’s probably not, but that’s not the point. The technical definition of a recession is two consecutive quarters of economic contraction, which the US economy recorded in the first half of…
Argentina's Cristina Fernández de Kirchner sentenced to six years in prison for corruption

November 5, 2020

CNN — A court in Argentina on Tuesday sentenced the country’s vice president, Cristina Fernández de Kirchner, to six years in prison and disqualified her from holding public office again after finding her guilty of corruption during her earlier terms as President. Fernández de Kirchner has temporary immunity due to her current role so will…