New York CNN — The failure of a freight railroad strike to begin on Friday is a huge win for the US economy and its still struggling supply chain. But that does not mean that freight railways provide good service to their customers. Many of the issues hampering the supply chain, driving up prices and …
Freight rail service is terrible, even without the threat of a strike | CNN Business Read More »
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN — The Federal Reserve is almost certain to announce on Wednesday that it will raise interest rates again. But investors are hoping it will be a smaller increase than the …
The Fed will raise rates again. But that’s playing with fire | CNN Business Read More »
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN — The Federal Reserve is almost certain to announce on Wednesday that it will raise interest rates again. But investors are hoping it will be a smaller increase than the …
The Fed will raise rates again. But that’s playing with fire | CNN Business Read More »
hong kong CNN — Semiconductor giant TSMC was feted this week by US President Joe Biden and Apple CEO Tim Cook at a ceremony to unveil its $40 billion manufacturing site in Arizona – a huge investment designed to help secure America’s supply of the most advanced chips. But back in Taiwan, there is deep …
As the world woos TSMC, Taiwan fears losing its ‘silicon shield’ | CNN Business Read More »
hong kong CNN — Semiconductor giant TSMC was feted this week by US President Joe Biden and Apple CEO Tim Cook at a ceremony to unveil its $40 billion manufacturing site in Arizona – a huge investment designed to help secure America’s supply of the most advanced chips. But back in Taiwan, there is deep …
As the world woos TSMC, Taiwan fears losing its ‘silicon shield’ | CNN Business Read More »
New York CNN — Despite high inflation and recession fears, the holiday shopping season seems to be off to a good start. Black Friday and Cyber Monday sales were strong as Americans were lured by deep discounts. Although consumer spending is slowing, it remains surprisingly resilient. The problem, however, is that many Americans’ paychecks are …
hong kong CNN Business — Chinese President Xi Jinping is visiting Saudi Arabia this week for the first time in nearly seven years, during which he is expected to sign billions of dollars in deals with the world’s biggest oil exporter and meet with leaders from across the world. Middle East. The visit is a …
When China and Saudi Arabia meet, nothing matters more than oil | CNN Business Read More »
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 …
New York CNN Business — Republicans and Democrats are likely to face off next year over the debt ceiling, a fight that could rattle financial markets, unnerve consumers and threaten the economy with the specter of a calamitous default. The looming debt limit battle in Washington could spark the most uncertainty since the 2011 tightrope …
US Could See Debt Ceiling Battle Shake Markets, Goldman Sachs Warns | CNN Business Read More »
CNN — Imagine if Siri could write you a college essay, or if Alexa could spit out a Shakespeare-style movie review. Last week, OpenAI opened up access to ChatGPT, an AI-powered chatbot that interacts with users in a strangely compelling and conversational way. His ability to providing long, thoughtful, and thorough answers to questions and …
