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Joe Biden’s top economic adviser isn’t worried about the latest inflation data
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......

China makes biggest-ever cut to key mortgage rate to bolster housing market
...point) cut to the five-year LPR is clearly aimed at supporting the housing market,” analysts from Capital Economics said in a note on Tuesday. “On its own, it will not revive new home sales......

Israel’s economy slumps in the fourth quarter as war takes a toll
London CNN  —  Israel’s output contracted sharply in the final three months of 2023, as the war with Hamas takes a heavy toll on the economy. Gross domestic product (GDP) fell 19.4% on an......

China reports ‘record’ holiday travel data. But consumer spending isn’t roaring back just yet
...fall in their wealth,” he said. During the holiday season, average daily new home sales in 25 major cities declined 27% compared to a year ago, according to the latest data from China Index......

Higher-for-longer interest rates favor large companies over their smaller rivals in many ways
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......