China retaliates with additional tariffs of up to 15% on select U.S. imports starting Feb. 10
China responded to U.S. tariffs on Chinese goods by announcing retaliatory measures, sparking concerns of a potential trade war between…
Category: Economy
U.S., China trade tariffs escalating would be ‘costly for everybody,’ IMF deputy director says
An escalation of trade and tariffs tensions between the U.S. and China would have “costly” economic consequences around the world,…
Here’s where the jobs are for December 2024 – in one chart
December’s job report showed robust growth, surpassing expectations, with various sectors of the U.S. economy contributing to the gains. Health-care…
UK economy shrinks for second month, contracting 0.1% in October
The U.K. economy unexpectedly contracted in October due to uncertainty from businesses and consumers before the new government’s budget announcement.…
More than half of Gen X parents worry about financially supporting their adult kids, survey shows
Adinah Caro-Greene is planning her financial future with a new variable that holds significant weight for her generation: her child.…
Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting
Atlanta Federal Reserve President Raphael Bostic indicated on Wednesday his readiness to begin reducing interest rates, despite inflation remaining above…
Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data
Goldman Sachs has revised its forecast for the probability of a U.S. recession to 20% after initially raising it, following…
Consumer confidence surges as election nears, while job openings move lower
Consumers became more optimistic about the U.S. economy as the presidential election approached, despite job openings hitting multi-year lows, according…
China schedules meeting expected to reveal fiscal stimulus details
BEIJING — According to a CNBC translation, state media announced that China’s parliament is scheduled to convene a highly anticipated…