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3 mins read

Trump's mass deportation plans could wreak havoc on the fight against inflation

Economists warn Trump's mass deportation plan could spike inflation and disrupt labor supply, affec…

Alice Tecotzky   


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2 mins read

More pain for China as home sales crash for one of its largest developers and tech earnings growth falls to lowest since 2022

A leading Chinese developer saw a 57% annual drop in contracted sales last month, Bloomberg reporte…

Filip De Mott   


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2 mins read

Elon Musk comes out fighting as China throws Tesla a lifeline

Elon Musk's weekend trip to Beijing resulted in a deal that brings the rollout of Tesla's autonomou…

Beatrice Nolan   


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3 mins read

Falling prices in China could be a blessing in disguise for the world economy's ongoing fight against inflation

China slipped into deflation last month, but that could actually be good news for the global fight …

George Glover   


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2 mins read

Biden is fighting Trump's tough tactics by calling for tripled tariffs on Chinese steel imports

China's economy struggles to consume all it's producing, exporting the most steel since 2016 amid a…

Huileng Tan   


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3 mins read

China retains 5% growth target for 2024 as economy struggles to shake off slowdown

Grappling with economic slowdown and dwindling business sentiment, China has fixed a modest officia…

PTI   


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The Fed may have pumped so much money into the economy that it's now taking way longer to cut rates

Interest rate cuts may not come so soon amid strong job growth and persistent inflation.

Huileng Tan   


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2 mins read

The inflation threat isn't over yet – and the Fed won't ease up in fighting it overnight, the co-chief investor of the world's largest hedge fund says

The Fed's unlikely to slash interest rates when inflation remains elevated and the economy's in goo…

Theron Mohamed   


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4 mins read

Harvard researchers think they know why the booming economy still isn't being felt by average Americans

The US's inflation measure doesn't capture how much higher interest rates cost Americans.

Jacob Zinkula   


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2 mins read

The credit crunch caused by the banking turmoil may help the Fed's inflation fight, but it will hurt the economy and earnings, eToro strategist says

A credit tightening resulting from the recent banking turmoil will help the Federal Reserve fight i…

Zinya Salfiti   


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3 mins read

India is bracing for the worst GDP data in decades

A Reuters poll of economists has projected that India, the world's fifth-largest economy, would hav…

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3 mins read

Jeff Bezos giving $10 billion to fight climate change in February was the single largest donation of 2020

From the $10 billion fund donated by Jeff Bezos for climate change, about $790 million has been giv…

Dominic-Madori Davis   


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2 mins read

The largest labor federation in the country calls on Biden to cancel student debt: 'We cannot ask working people to make further sacrifices'

"Now is the time to cancel, not collect, student debt," AFL-CIO's president Liz Shuler said. She's …

Ayelet Sheffey,Juliana Kaplan   


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2 mins read

The Fed's best tool for fighting inflation won't fix Americans' biggest problem: surging gas and food prices

The country needs to get to more sustainable inflation levels "so we can have the labor market that…

Ben Winck   


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3 mins read

To fight sky-high inflation, the Federal Reserve just raised interest rates three times faster than usual — and the most since since 1994

The central bank lifted its benchmark interest rate by three-quarters of a percentage point on Wedn…

Ben Winck   


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2 mins read

Retirees with credit card debt face 'debilitating financial consequences' as the Fed speeds up its fight against inflation

Nearly half of retirees have credit card debt and 49% have little-to-no savings, a new survey by th…

Jason Lalljee   


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2 mins read

BlackRock downgrades Chinese stocks to neutral as the world's largest asset manager sees a 'rapidly worsening' outlook for the country's economy

"China's policymakers have heralded easing to prevent a growth slowdown – but have yet to fully act…

Carla Mozée   


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2 mins read

Over 200,000 workers are seeing a pay bump today as 2 states and DC up their minimum wages

While the federal minimum wage is still $7.25, many states and cities have taken matters into their…

Juliana Kaplan,Madison Hoff   


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3 mins read

Indian economy retains its crown as a bright spot: IMF report

India's economy has retained the crown of "a bright spot" in the International Monetary Fund's late…

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6 mins read

When it comes to China, the US need to figure out which fights are principled, and which fights are petty

Saber-rattlers think we can't cooperate with and confront China. They are wrong and delusional abou…

Linette Lopez