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. CNN — When a company goes public it’s kind of like their bar mitzvah. They’ve reached adulthood and are ready to take responsibility for their actions. But a lot of companies … Read more
Washington, DC CNN — The Federal Reserve said Wednesday it will pause its rate hikes, keeping its benchmark lending rate at a 22-year high, while signaling fewer rate cuts next year. The move was widely expected, after the central bank signaled in recent weeks that it intended to wait for more data to understand how … Read more
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. CNN — US stocks typically see their worst performance of the year in September, but there are signs … Read more
CNN — One year after catastrophic floods devastated swathes of Pakistan, some 4 million children in the South Asian nation remain without access to safe water, the United Nations children’s agency has warned. In a news release Friday, UNICEF said it estimates that there are 8 million people in the country, around half of whom … Read more
CNN Business — As technology continues to revolutionize the way people live, work and spend, central banks around the globe have kicked off efforts to reinvent their local currencies for the digital era. Now, the United States is the latest to signal “urgency” in researching a potential digital version of its dollar via a Central … Read more