economy and economic indicators

Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside |  CNN Business

Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside | CNN Business

CNN Business — Amazon CEO Andy Jassy said on Wednesday that an “uncertain” economy had prompted the e-commerce giant to press ahead with rare and wide-ranging layoffs after it carried out a major wave of job losses. hiring during much of the pandemic. “We had the target for a very uncertain economic environment, as well …

Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside | CNN Business Read More »

There's a big problem with the Kroger-Albertsons supermarket merger |  CNN Business

There’s a big problem with the Kroger-Albertsons supermarket merger | CNN Business

New York CNN Business — When Christine Martinez found out last month that Kroger and Albertsons were planning to merge in a deal worth nearly $25 billion, she thought, “here we go again.” Martinez lost her job as a pharmacy technician following an earlier supermarket mega-merger: Albertsons’ $9 billion combination with Safeway in 2014. That …

There’s a big problem with the Kroger-Albertsons supermarket merger | CNN Business 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 …

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

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 …

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

Foxconn offers to pay workers to leave world's largest iPhone factory after violent protests |  CNN Business

Foxconn offers to pay workers to leave world’s largest iPhone factory after violent protests | CNN Business

hong kong CNN Business — Foxconn has offered to pay newly hired workers 10,000 yuan ($1,400) to resign and leave the world’s largest iPhone assembly plant, in a bid to quell protests that have seen hundreds of clashes with security forces in central China compound. The Apple supplier made the offer on Wednesday following dramatic …

Foxconn offers to pay workers to leave world’s largest iPhone factory after violent protests | CNN Business Read More »

Mortgage rates fall for the second week in a row |  CNN Business

Mortgage rates fall for the second week in a row | CNN Business

Mortgage rates fell again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending Nov. 23, down from 6.61% the previous week, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, boosted …

Mortgage rates fall for the second week in a row | CNN Business Read More »

Mortgage rates fall for the second week in a row |  CNN Business

Mortgage rates fall for the second week in a row | CNN Business

Mortgage rates fell again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending Nov. 23, down from 6.61% the previous week, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, boosted …

Mortgage rates fall for the second week in a row | CNN Business Read More »

Chicken prices are finally starting to come down.  You can thank busy roosters |  CNN Business

Chicken prices are finally starting to come down. You can thank busy roosters | CNN Business

New York CNN Business — Over the past year, while some meat prices have fallen, chicken prices have remained stubbornly high. High demand, supply issues and even breeding issues with underperforming roosters kept the pressure on. The supply shortage has even prompted some restaurants, like Wingstop, to experiment with less popular items like thighs. But …

Chicken prices are finally starting to come down. You can thank busy roosters | 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 »

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 »