Money

By Matt Egan, CNN Last year was dominated by scary headlines about crushing inflation, super-sized interest rate hikes and mounting recession fears. It was a brutal period for the stock market, with roughly one-fifth of the value of the S&P 500 vanishing and the Nasdaq dropping by more than one-third. All three major US markets

By Diksha Madhok, CNN This year is going to be tougher on the global economy than the one we have left behind, the International Monetary Fund’s (IMF) chief Kristalina Georgieva has warned. “Why? Because the three big economies, US, EU, China, are all slowing down simultaneously,” she said in an interview that aired on CBS

By Laura He, CNN China’s economy grew at least 4.4% in 2022, according to leader Xi Jinping, a figure much stronger than many economists had expected. But the current Covid wave may hobble growth in the months ahead. China’s annual GDP is expected to have exceeded 120 trillion yuan ($17.4 trillion) last year, Xi said

By Celina Tebor, Liam Reilly and Alaa Elassar, CNN Nearly 4,000 union nurses at NewYork-Presbyterian Hospital have reached a tentative agreement on a contract, while approximately 12,000 nurses at seven other hospitals will move forward with their intention to strike beginning January 9. New York State Nurses Association members at NewYork-Presbyterian reached a tentative deal

By Nathaniel Meyersohn, CNN Singles are ditching pricey white tablecloth meals for romance in the park or on a walk instead. The high cost of dining out and changes to dating habits during the pandemic have driven singles to seek out more affordable, casual first dates. Singles are spending $130 a month on dates, up

By Parija Kavilanz, CNN Many of us will close out 2022 with celebrations that stretch well into the wee hours of New Year’s Day. But when Jan. 1, 2023 gets underway, we’ll just as likely return to familiar routines and habits — caffeine? — and even add in some new resolutions, like a morning walk

By David Goldman, Allison Morrow and Alicia Wallace, CNN After years of legal battles, pontificating and theorizing, former President Donald Trump’s tax returns from 2015 to 2020 are now part of the public record. Many critics and political opponents have theorized that Trump fought the public disclosure of his tax returns because they potentially provided

By Danielle Wiener-Bronner and Nathaniel Meyersohn, CNN It’s been a tough year for US consumers, who battled decades-high inflation for the majority of the year and even saw gas prices hit $5 in June. The latest inflation data, not adjusted for seasonal swings, shows price hikes have now slowed to 7.1% for the year through

By Tricia Escobedo, CNN Every New Year’s Eve, Anderson Cooper and Andy Cohen host four-and-a-half hours of live television, joined by celebrity guests and performers, as they count down to the new year. It’s a huge production, so as we head into this New Year’s weekend, we reached out to the team that has produced

By Alicia Wallace, CNN The current period of high inflation that has significantly impacted the US economy will also influence a New Year’s tradition: The annual state minimum wage increases. By January 1, hourly minimum wages in 23 states will rise as part of previously scheduled efforts to reach $15 an hour or to account

By Liam Reilly, CNN Approximately 16,000 union nurses have delivered notices to eight New York City hospitals announcing their intention to strike beginning on January 9th if a new contract agreement is not reached by then, according to a press release from the New York State Nurses Association (NYSNA). “NYSNA will continue to bargain non-stop