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

Foxconn has hired 100,000 new workers at its Chinese iPhone factory in Zhengzhou, according to state media reports.

Hong Kong / Beijing CNN Business – More than 100,000 people signed up for a massive recruitment drive by Foxconn, Apple’s supplier The largest iPhone manufacturer in China, according to Chinese state media. The hiring spree comes at a time when Apple (AAPL) It faces significant supply chain constraints at its assembly facility located in … 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

Rapper Coolio passed away at the age of 59

CNN – Collio, the ’90s rapper who lit up the music charts with songs like “Gangsta’s Paradise” and “Fantastic Voyage,” has died, his friend and manager Jarez Posey told CNN. He was 59 years old. Bussey said Collio died Wednesday afternoon. Details of the circumstances were not immediately available. When contacted by CNN, Captain Eric … 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