Economy and Trade

The Wing, the once-buzzy women's coworking community, has closed its doors

The Wing, the once-buzzy women’s coworking community, has closed its doors

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CNN  —  The Wing, the once-buzzy social club and luxury coworking community geared towards women, has shuttered all of its remaining locations. The six-year-old startup, which had raised more than $100 million in funding towards building out its network of physical spaces that were intended to look and feel like feminist utopias, said its six …

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The US economy saw more jobs than expected in July

The US economy saw more jobs than expected in July

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Minneapolis CNN Business – US employers aren’t dropping the “help needed” signals just yet, according to new data released Tuesday by the Bureau of Labor Statistics. The number of open jobs unexpectedly rose in July, with about 11.2 million jobs available, slightly above June’s revised total of 11 million, according to the latest Job Opportunity …

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Fed Chair Jerome Powell says 'some pain' is on the horizon. Here's what that means

Fed Chair Jerome Powell says ‘some pain’ is on the horizon. Here’s what that means

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Minneapolis CNN Business  —  In a blunt speech last Friday, Federal Reserve Chairman Jerome Powell warned that the central bank’s battle against inflation won’t come without some casualties. The Fed is firmly resolved to bring down inflation and to “keep at it until the job is done,” Powell said. But that plan — which involves …

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Chinese yuan slips to weakest level in two years as hawkish Fed signals interest rate hike

Chinese yuan slips to weakest level in two years as hawkish Fed signals interest rate hike

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Hong Kong CNN Business – The Chinese Yuan fell to its lowest level in two years after the hawkish comments of Federal Reserve Chairman Jerome Powell which sent the dollar higher recently. The yuan – also known as the renminbi – It lost about 0.5% against the dollar on Monday in foreign trade outside mainland …

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