Breaking News: Economy
China calls EU tariffs on EVs unfair, says it will take necessary measures to defend industry
An aerial view of new BYD electric cars to be exported on a dock in Yantai in east China’s Shandong province. Tang Ke | Future Publishing | Getty Images The Chinese government on Wednesday hit out at the European Union over tariffs on electric vehicle imports, after the bloc lowered duties on several major electric […]
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Stocks making the biggest moves midday: Palo Alto Networks, Boeing, Lowe’s, Bank of America and more
Check out the companies making headlines in midday trading: Bank of America — The bank stock slid 2% after a regulatory filing revealed Warren Buffett’s Berkshire Hathaway is not done downsizing its stake. The conglomerate sold 13.9 million more shares of the bank for $550.7 million over the past three trading days, bringing its stake […]
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Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data
Customers shop for groceries at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024. Gabby Jones | Bloomberg | Getty Images Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising it, as fresh labor market data sparked a reassessment of market views on the […]
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U.S., China sign agreement to cooperate on financial stability
Key Points The U.S. and China have signed agreements for cooperating on financial stability, according to a People’s Bank of China readout Monday. The agreement was part of a meeting of the U.S.-China Financial Working Group in Shanghai Thursday and Friday. The readout described the conversation as “professional, pragmatic, candid and constructive,” according to a […]
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