The recent meeting between U.S. Treasury Secretary, Janet Yellen, and Chinese Premier, Li Qiang, highlighted the importance of open and honest communication in maintaining a stable relationship between the two economic superpowers. Despite differences in opinion and competing economic interests, both parties acknowledged the need to work together as partners rather than adversaries. This article
Economy
Donald Trump, the former president, is facing financial challenges as he prepares for his rematch against Democrat Joe Biden. Trump’s campaign has been routinely outraised by Biden, leading to a squeeze in funds. Ballooning lawyer fees and legal payouts have added to the financial strain, making the upcoming fundraiser in Florida crucial for the Trump
Chinese state media has criticized U.S. Treasury Secretary Janet Yellen’s recent comments on China’s excess manufacturing capacity. According to the state news agency Xinhua, Yellen’s remarks are seen as an attempt to revive the “China threat” rhetoric and pave the way for more protectionist policies from the United States. The editorial from Xinhua accuses Yellen
The U.S. job market experienced a moderate slowdown in March, but wage gains remained high, indicating a stable economy entering the second quarter of the year. The Labor Department’s report showed that the unemployment rate has remained below 4% for 26 consecutive months, the longest stretch since the late 1960s. Despite the Federal Reserve’s rate
Cuban President Miguel Diaz-Canel recently addressed the nation on a mid-day TV newscast, reassuring the population that the government has managed to secure key subsidized food rations. This comes in the wake of protests that erupted just two weeks prior, due to widespread shortages in the country. Diaz-Canel acknowledged the efforts made by the government
Joe Lewis, a British multibillionaire, is facing sentencing in a U.S. court for illegally sharing stock tips obtained through his investments. The case has sparked interest due to Lewis’ wealth, his admitted guilt, and the potential impact of his actions on the financial markets. Sentencing Guidelines and Plea Deal Federal sentencing guidelines suggest a prison
During a recent speech at the Stanford Graduate School of Business, Federal Reserve chief Jerome Powell emphasized the need for further discussion and data analysis before any decision is made to cut interest rates. Powell highlighted that recent data on job gains and inflation have exceeded expectations, leading to a more cautious approach towards rate
Japan finds itself at a crucial crossroads, needing to shift its policy focus away from crisis-mode stimulus towards achieving private sector-driven economic growth. This shift has been prompted by the recent decision of the central bank to end eight years of negative interest rates. A government panel has emphasized the need for policy changes in
The recent rally of the U.S. dollar to a 4-1/2-month high against major peers has triggered a flurry of activity in the financial markets. Traders have recalibrated their expectations for the Federal Reserve’s interest rate policy, leading to a surge in the dollar’s value. The dollar’s strength was further bolstered by positive U.S. manufacturing data,
Recent data from a closely watched central bank survey in Japan has revealed that business sentiment among big non-manufacturers has reached a more than three-decade high in the first quarter. This positive development offers hope to policymakers that domestic demand will play a critical role in supporting the country’s fragile economic recovery. However, while non-manufacturers’
The collapse of the Francis Scott Key bridge in Baltimore’s harbor sent shockwaves through the city, resulting in the tragic deaths of six road workers. The bridge crumbled as a massive container ship crashed into a support pylon, causing a significant portion of the structure to fall into the Patapsco River. This devastating event not
Following the tragic collapse of Baltimore’s Francis Scott Key Bridge, salvage crews are gearing up to lift the first piece of the bridge from the water. This crucial step will not only allow access for barges and tugboats to the disaster site but also marks the beginning of a complex effort to reopen the city’s