Americas

"Not the way you treat your friends."  Biden's climate plan strains trade ties with Europe |  CNN Business

“Not the way you treat your friends.” Biden’s climate plan strains trade ties with Europe | CNN Business

London CNN Business — The world’s largest economic relationship has fallen on hard times. The European Union and the United States – together responsible for a third of global trade – have clashed in recent weeks over US President Joe Biden’s landmark $370 billion climate plan. The Inflation Reduction Act (IRA), which was passed by …

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Europe First: Brussels is preparing to give up its ideals of free trade

Europe First: Brussels is preparing to give up its ideals of free trade

The last great defender of rules-based open commerce — the European Union — is about to fall. It happens in slow motion and the impact will be painful. If the world’s largest trading bloc abandons the concept of free trade, the entire global economy will suffer. But such an outcome looks increasingly likely, as the …

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Europe First: Brussels is preparing to give up its ideals of free trade

Europe First: Brussels is preparing to give up its ideals of free trade

The last great defender of rules-based open commerce — the European Union — is about to fall. It happens in slow motion and the impact will be painful. If the world’s largest trading bloc abandons the concept of free trade, the entire global economy will suffer. But such an outcome looks increasingly likely, as the …

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America's ticking time bomb: $66 trillion in debt that could bring down the economy

America’s ticking time bomb: $66 trillion in debt that could bring down the economy

Wake up, America. That ticking you hear is the US debt time bomb that with each passing day is about to explode and crash the US economy. Businesses, consumers, and especially federal and state governments have become addicted to red ink as if it were crack. Two factors fueled this borrowing frenzy: an era of …

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Fed Chair Powell: America's 'housing bubble' formed during pandemic and now 'housing market will go through the other side'

Fed Chair Powell: America’s ‘housing bubble’ formed during pandemic and now ‘housing market will go through the other side’

In 2005, Fed Chairman Alan Greenspan told Congress that “a nationwide housing price bubble does not seem likely.” Of course, not only had a housing bubble formed, it was nearing its peak just as Greenspan was delivering this message on Capitol Hill. Fast forward to 2022, and the scars of the last bubble have clearly …

Fed Chair Powell: America’s ‘housing bubble’ formed during pandemic and now ‘housing market will go through the other side’ Read More »

Biden faces a wide range of challenges at home this holiday season |  CNN Politics

Biden faces a wide range of challenges at home this holiday season | CNN Politics

CNN — This holiday season is very different from last for many Americans, when Covid-19 testing shortages and an Omicron variant surge disrupted many family celebrations. But the country faces a new set of complex challenges in late fall and winter. Even though Covid testing as well as an updated reminder is widely available and …

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The chip war between the United States and China spills over into Europe |  CNN Business

The chip war between the United States and China spills over into Europe | CNN Business

hong kong CNN Business — Two European chip deals have run into trouble over their ties to China, a sign of concern spreading in the West about China’s potential control over critical infrastructure. Last week the new owner of Britain’s biggest chipmaker was ordered to reverse its takeover, just days after another chip factory sale …

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President of Shopify: America's small businesses are the backbone of the economy

President of Shopify: America’s small businesses are the backbone of the economy

Shopify President Harley Finkelstein explains the impact of the pandemic on his business. A company president has his sights set firmly on the big success of America’s small business — and his company has a lot to do with it. Harley Finkelstein, who runs Shopify, told FOX Business in an interview this week, “It’s pretty …

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Home sales in the United States fall for the 9th consecutive month in October |  CNN Business

Home sales in the United States fall for the 9th consecutive month in October | CNN Business

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 …

Home sales in the United States fall for the 9th consecutive month in October | CNN Business Read More »

Home sales in the United States fall for the 9th consecutive month in October |  CNN Business

Home sales in the United States fall for the 9th consecutive month in October | CNN Business

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 …

Home sales in the United States fall for the 9th consecutive month in October | CNN Business Read More »