The United States agreed to reduce broad tariffs on Chinese imports by 10 percentage points, bringing them to 47%.
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When layoffs rise, people spend less, which leads to tighter bottom lines and more layoffs. Wash, rinse, and repeat.
In September, Fed Chair Jerome Powell said that nine of the Fed’s 19 policymakers favored no more than one additional rate cut this year.
AI might factor into your paycheck more and more over the next few years. Some workers expect that to make pay scales fairer.
China’s GDP growth fell to 4.8% in the third-quarter, down from 5.2% in the second quarter and the slowest pace in a year.
The chip manufacturer, headquartered in the Dutch city of Nijmegen, was acquired in 2019 by state-backed Chinese semiconductor firm Wingtech.
The gold standard hasn’t made a comeback, but the precious metal’s price is breaking records as confidence in the US dollar fades.
The report cautions tariffs are driving inflation higher and says companies are grappling with whether to pass the costs to consumers.
The announcement comes months after Apple said it’d invest $100 billion in US factories as part of its “American Manufacturing Program.”
Shares of the crop trading and processing giant soared as POTUS threatened “retribution” over China’s de facto US soybean embargo
It’s not all sunshine and roses, however, with economists still flagging rising inflation and a weakening labor market going forward.
Whatever they say, consumers’ actual spending has remained rock solid, even if sentiment is yet to return to prepandemic levels.
Is Wall Street’s golden ratio, the 60/40 division of portfolios between stocks and bonds, losing its luster?
New private sector data that suggests the labor market is hurting may become especially influential with Bureau of Labor Statistics data likely on hold amid the government shutdown.
Fitting for 2025, a government shutdown is all but guaranteed to deliver even more uncertainty into the macroeconomic mix.
The roaring August demand put a serious dent in the glut of new homes on the market, with inventory falling to the lowest level this year.