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economic indicators

Chicken prices are finally starting to fall

Chicken prices are finally starting to fall

New York CNN Business — Over the past year, as some meat prices have fallen, chicken prices have remained stubbornly high. Strong demand, supply issues and even breeding problems with under-performing roosters kept the pressure on. The supply shortage even had some restaurants, like Wingstop, experimenting with less popular items like thighs. But now conditions …

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If the world avoids a recession, it'll have India and China to thank

If the world avoids a recession, it’ll have India and China to thank

London CNN Business — Global growth will slow further in the coming year but the world will likely avoid a recession thanks to Asia’s biggest economies. Global GDP is projected to grow by 3.1% this year, and by just 2.2% in 2023, according to the latest forecast from the Organization for Economic Cooperation and Development …

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Guangzhou Covid-19: China locks down key transportation hub;  markets fear economic fallout

Guangzhou Covid-19: China locks down key transportation hub; markets fear economic fallout

hong kong CNN Business — China has locked down a major transportation hub in the south, as the country grapples with its largest nationwide Covid outbreak since April. The lockdown also follows rising cases in Beijing, which reported the country’s first Covid deaths in nearly six months. In recent days, China had begun to ease …

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Premarket stocks: Recession fears receded this earnings season

Premarket stocks: Recession fears receded this earnings season

New York CNN Business — Investors appear to have traded in their fleece vests for crystal balls — everyone on Wall Street seems to have a recession prediction. But lately, shouts of recession have become a bit quieter, and a growing group of economists say that any downturn will likely be mild. So can the …

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How student loan borrowing, college costs and grant aid have changed over time

How student loan borrowing, college costs and grant aid have changed over time

Washington CNN — The cost of college is not skyrocketing — at least for now, when factoring in the average amount of grant aid students receive. Most schools offer grants, money that students don’t have to pay back, making the actual amount they pay for college, known as the “net cost,” lower than the published …

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Biden to sit down with business, labor leaders to highlight inflation progress

Biden to sit down with business, labor leaders to highlight inflation progress

CNN Business — President Joe Biden will sit down Friday with business executives and labor leaders to highlight recent progress in combating inflation and steadying the economy, a White House official told CNN. Biden will sit down in person and virtually with the top executives at Ford, Kaiser Permanente and Carrier as well as the …

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Shoppers are pulling back at Macy's and Kohl's

Shoppers are pulling back at Macy’s and Kohl’s

New York CNN Business — Middle-income shoppers have tightened their spending on clothing and home furnishings. That’s squeezing Macy’s, Kohl’s, Target and other chains. Macy’s (M) sales dropped 3.1% last quarter from a year ago, while Kohl’s (KSS) tanked 6.9%. Kohl’s (KSS) also withdrew its financial guidance, citing “significant macroeconomic headwinds” and the abrupt departure …

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Taylor Swift tickets listed for thousands after millions flood Ticketmaster

Taylor Swift tickets listed for thousands after millions flood Ticketmaster

New York CNN Business — Taylor Swift fans were seeing red on Tuesday when Ticketmaster was overwhelmed by demand as pre-sales for the singer’s new tour went online. The delays had many fans believing they would never, ever, get tickets (…like ever). But tickets to the pop star’s “The Eras Tour” were available Wednesday via …

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Thanksgiving dinner will cost 20% more this year because of inflation

Thanksgiving dinner will cost 20% more this year because of inflation

New York CNN Business — Thanksgiving dinner will cost a whopping 20% ​​more than it did last year, according to a new survey released Wednesday by the American Farm Bureau Federation. A feast for 10 with 12 menu items including a turkey, stuffing, cranberries, and pumpkin pie mix will cost $64.05 on average — up …

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