economy and trade

White House surges aid to hurricane-hit Puerto Rico on a haunting five-year anniversary

White House surges aid to hurricane-hit Puerto Rico on a haunting five-year anniversary

CNN — Exactly five years after Hurricane Maria devastated Puerto Rico, yet another catastrophic storm is testing the federal government’s capacity to mount a rapid response on an island exposed by its rudimentary infrastructure and vulnerability to climate change. The Biden White House is mobilizing a surge of assistance after Hurricane Fiona triggered lashing rains, …

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Stellantis's good-bye special edition Chysler 300 could have had 707 horsepower

Stellantis’s good-bye special edition Chysler 300 could have had 707 horsepower

CNN — As the big Chrysler 300 sedan, with its trademark large square grille, approaches the end of an 18-year production run, the brand unveiled a special edition model in Detroit last Tuesday night. That model, the Chrysler 300C, comes with a 485-horsepower V8, but it could have had much more power than that from …

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1 in 5 of China's urban youth are unemployed.  That's a huge headache for Xi Jinping

1 in 5 of China’s urban youth are unemployed. That’s a huge headache for Xi Jinping

Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. hong kong CNN Business — The future looked promising for Cherry in May last year, when she secured a …

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Why high inflation doesn't seem to be hurting Democrats

Why high inflation doesn’t seem to be hurting Democrats

CNN — A Republican rout of Democrats in this year’s midterm elections looked quite possible six months ago. Today, a big GOP win remains plausible but is a shrinking probability. Democrats, who hold slim majorities in the US House and Senate, have reversed what was a 3-point average lead for Republicans earlier this year on …

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What's open, what's closed on the day of the Queen's funeral

What’s open, what’s closed on the day of the Queen’s funeral

London CNN Business — Much of Britain will come to a standstill on Monday for the funeral of Queen Elizabeth II. The government has declared the day an official holiday to allow people to pay their respects, meaning that all banks, the London Stock Exchange, public offices and most businesses will shut. The short notice …

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China lost its Yangtze River dolphin.  Climate change is coming for other species next

China lost its Yangtze River dolphin. Climate change is coming for other species next

CNN — They called it the “Goddess of the Yangtze” – a creature so rare that it was believed to bring fortune and protection to local fishermen and all those lucky enough to spot it. But overfishing and human activity drove it to the brink of extinction and it hasn’t been seen in decades. “The …

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Wegmans ends self-checkout app after too much shoplifting

Wegmans ends self-checkout app after too much shoplifting

New York CNN Business — In 2019, Wegmans, the cult-favorite northeastern grocery chain, rolled out a new mobile app that allowed customers to scan, bag and pay for groceries while they shopped and then skip the checkout line altogether. The app, Wegmans SCAN, promised customers a quicker checkout and also let them see a running …

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The powerful motivator behind workers who want more

The powerful motivator behind workers who want more

New York CNN Business — Rail workers, teachers, nurses, baristas. There is a powerful factor motivating these American workers to demand for more. The gap between rising wages and an annual inflation rate is still uncomfortably high. “The desire to keep pace with inflation has workers demanding that they get increased salaries and benefits, which …

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Premarket trading: Wall Street dodged a rail strike crisis, but there's trouble ahead

Premarket trading: Wall Street dodged a rail strike crisis, but there’s trouble ahead

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — The announcement from the White House that an attempted deal has been …

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