Breaking News: Economy
Trump’s long-sought military parade becomes reality
A Sikorsky UH-60 Black Hawk helicopter to be used in the U.S. Army’s 250th Birthday Celebration and Parade, is seen near U.S. Capitol in Washington, D.C., U.S., June 11, 2025. Alexander Drago | Reuters WASHINGTON — Thousands of troops will descend on Washington, D.C., on Saturday, accompanied by dozens of tanks and helicopters overhead, as […]
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Consumer sentiment reading rebounds to much higher level than expected as people get over tariff shock
A woman shops at a supermarket on April 30, 2025 in Arlington, Virginia. Sha Hanting | China News Service | Getty Images Consumers in the early part of June took a considerably less pessimistic about the economy and potential surges in inflation as progress appeared possible in the global trade war, according to a University […]
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China’s tight grip on rare earths shows little sign of weakening
Miners are seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Stringer | Reuters China’s dominance of the global rare earths supply chain won’t dwindle easily, even if Beijing decides to approve more export licenses through deals with Europe and the U.S. Three Shenzhen-listed Chinese companies this […]
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Asia-Pacific markets fall after reports of Israeli military strikes on Iran
Aerial view of Mt. Fuji, Tokyo Tower and modern skyscrapers in Tokyo on a sunny day. Yongyuan | E+ | Getty Images Asia-Pacific markets traded mixed Friday as reports of an Israeli military strike on Iran kept investors jittery after Wall Street gained on solid U.S. economic data. Japan’s benchmark Nikkei 225 fell 1.28% while […]
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Trump calls Fed chief Powell ‘numbskull’ as he urges interest rate cut
US Federal Reserve Chair Jerome Powell waits to speak during a conference marking the 75th anniversary of the International Finance Division of the Federal Reserve Board in Washington, DC, on June 2, 2025. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump ripped Federal Reserve Chair Jerome Powell as a “numbskull” on Thursday as […]
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Yale’s Jeffrey Sonnenfeld on Air India crash: This is a nightmare for Boeing leadership
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Jeffrey Sonnenfeld, Yale School of Management professor, joins ‘Money Movers’ to discuss what happens with Boeing after the tragic Air India plane crash Source
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UK exports to the U.S. plunge by most on record as tariffs bite
Container ships at Felixstowe port in Felixstowe, UK, on Wednesday, April 9, 2025. Bloomberg | Bloomberg | Getty Images U.K. goods exported to the U.S. dropped by £2 billion ($2.71 billion) in April, figures published by the Office for National Statistics on Thursday showed, marking the biggest monthly decrease since records began in 1997. The […]
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UK economy shrank sharply in April as Trump tariffs and tax rises kicked in
U.S. President Donald Trump \with British Prime Minister Keir Starmer in the Oval Office at the White House in Washington, D.C., U.S., on Feb. 27, 2025. Kevin Lamarque | Reuters The U.K. economy shrank sharply in April as global trade tariffs and domestic tax rises kicked in, data showed Thursday. The latest monthly growth figures […]
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China’s racing to build its AI ecosystem as U.S. tech curbs bite. Here’s how its supply chain stacks up
Chip engineer handling a wafer. Compared to Nvidia’s export-restricted chips, the performance gap between Huawei and the H20 is less than a full generation,” said Dylan Patel, founder, CEO and chief analyst of SemiAnalysis. Sinology | Moment | Getty Images With the U.S. restricting China from buying advanced semiconductors used in artificial intelligence development, Beijing […]
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PBS, NPR funding on the line as House nears final vote on $9.4 billion in DOGE-backed cuts
U.S. President Donald Trump and U.S. House Speaker Mike Johnson react during an Invest America Roundtable in the State Dining room, at the White House, in Washington, U.S., June 9, 2025. Evelyn Hockstein | Reuters The House on Wednesday moved a step closer to approving President Donald Trump’s $9.4 billion spending cut package, which would […]
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