Opinion: The Fed’s rate hikes could soon be coming to an end

Editor’s Note: Steven Kamin is a senior fellow at the American Enterprise Institute (AEI), where he studies international macroeconomic and financial issues. He served as director of the international finance division of the Federal Reserve from 2011 to 2020. The opinions expressed in this commentary are his own. View more opinion on CNN. CNN — … Read more

Job openings unexpectedly jump to 11 million in December

Minneapolis CNN — Despite the looming threat of recession and the cacophony of mass layoff announcements, US businesses still need workers — 11.01 million of them. The number of available jobs unexpectedly rose in December, climbing from a revised 10.44 million openings in November and exceeding economists’ expectations of 10.25 million, according to Bureau of … Read more

Europe grew faster than the US last year. Its markets are outperforming too

London CNN — Europe’s stock markets have beat Wall Street by the biggest margin in more than three decades over recent months as its economy looks set to dodge a recession many thought inevitable just a few weeks ago. Since late September, European market benchmarks have risen by 20 percentage points more than Wall Street … Read more

Hong Kong is criminalizing CBD as a ‘dangerous drug’ alongside heroin

Hong Kong CNN — Two years ago, cannabidiol was booming in Hong Kong. The compound, known as CBD, was popping up in cafes, restaurants and stores, with businesses eager to join an exciting new market already well-established in countries around the world. That all came to an end on Wednesday, when CBD was criminalized in … Read more

Children’s mental health tops list of parent worries, survey finds

CNN — Forty percent of US parents are “extremely” or “very” worried that their children will struggle with anxiety or depression at some point, a new survey finds. The Pew Research Center report said mental health was the greatest concern among parents, followed by bullying, which worries 35% of parents. These concerns trumped fears of … Read more

Why a tiny American firm is taking aim at an Indian conglomerate

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. new york CNN — Asia’s richest man is in the crosshairs of a research firm whose very name evokes panic. Hindenburg Research — named after the 1937 airship disaster — is … Read more

Kevin McCarthy and House GOP weigh debt ceiling demands ahead of Biden meeting

CNN — Speaker Kevin McCarthy and his House GOP allies are hashing out their initial demands to raise the national debt limitdiscussing steep cuts to domestic programs and a trim to defense spending – all the while steering clear of two programs to avoid voter blowback: Medicare and Social Security. McCarthy has been hearing suggestions … Read more

WHO says Covid-19 remains a global health emergency, but pandemic is at a ‘transition point’

CNN — Covid-19 remains a global health emergency, the World Health Organization said on Monday, but it acknowledged the pandemic is at a “transition point.” WHO’s International Health Regulations Emergency Committee discussed the pandemic on Friday at its 14th meeting on Covid-19, and Director-General Tedros Adhanom Ghebreyesus agreed that the public health emergency of international … Read more

Weight loss surgery extends lives, study finds

CNN — Weight loss surgery reduces the risk of premature death, especially from such obesity-related conditions as cancer, diabetes and heart disease, according to a new 40-year study of nearly 22,000 people who had bariatric surgery in Utah. Compared with those of similar weight, people who underwent one of four types of weight loss surgery … Read more

Some auto insurers are refusing to cover some Hyundai and Kia models

CNN — Progressive and State Farm, two of America’s largest auto insurers, are refusing to write policies in certain cities for some older Hyundai and Kia models that have been deemed too easy to steal, according to the companies. Several reports say the companies have stopped offering insurance on these vehicles in cities that include … Read more