Falling home prices is coming. High unemployment could make it much worse

London CNN Business – Last year, Auckland’s largest real estate company was unable to sell properties fast enough to meet demand in New Zealand’s largest city. Homes were “flying out the door,” said Grant Sykes, a principal at the Barfoot & Thompson real estate agency. “There were chin-breaking moments when agents would stand across the … Read more

Pre-market stocks: what the midterm elections could mean for the US economy

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can register over here. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN Business – Tuesday midterm elections It comes at a time of economic weakness in … Read more

Here’s How Republicans Will Deal With Inflation

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free over here. CNN – Life is more expensive, which means that everyone gets a cut in his salary. And people are not happy with that. Gas prices are still high. high rents. service cost. … Read more

China’s economy is in ‘deep trouble’ as Xi heads to Communist Party congress

Hong Kong CNN Business – When Xi Jinping took power a decade ago, China had just overtaken Japan to become the world’s second largest economy. It has grown at an extraordinary pace since then. With an average annual growth rate of 6.7% since 2012, China has experienced one of the fastest sustainable expansions of a … Read more

Federal Reserve: The Fed rises again with a three-quarter point rate hike in a row

Washington DC CNN Business – The Federal Reserve made history on Wednesday, agreeing to a 75 basis point increase in a row in a strong move to deal with it The severe inflation that the American economy was suffering from. The massive rally, which could not be understood by markets just months ago, is taking … Read more