Breaking News: Economy
Everything you need to know about Kevin Warsh, Trump’s pick to lead the Federal Reserve
Key Points Kevin Warsh, President Donald Trump’s pick as the next Fed chair, is a central bank veteran, serving during the critical period of 2006 to 2011 that led up to and ultimately through the global financial crisis and the central bank’s efforts to stabilize the economy. Trump cited Warsh’s extensive background in announcing his […]
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Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell
President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a five-month odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade of criticism against the Powell-led […]
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Scenic trains, cruises and concerts: China’s new plan to get consumers spending again
BEIJING, CHINA – NOVEMBER 6: Women wearing Qing Dynasty-style costumes take photos inside the Forbidden City on November 6, 2025, in Beijing, China. Cheng Xin | Getty Images News As Chinese households remain reluctant to spend on big-ticket goods, Beijing is leaning on a new lever to revive consumption: experiences and everyday services. China’s cabinet […]
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Trump says he will announce a replacement for Powell as Fed chair Friday morning
U.S. President Donald Trump speaks in the Oval Office at the White House on Jan. 29, 2026 in Washington, DC. Samuel Corum | Getty Images President Donald Trump said Thursday that he will be naming his pick Friday for the new Federal Reserve chair. Speaking at the premiere for “Melania,” the film about first lady […]
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Trump reportedly says ‘very dangerous’ for UK to do business with China as Starmer looks to mend ties
US President Donald Trump greets Britain’s Prime Minister Keir Starmer during a summit on Gaza, Egypt, in Sharm el-Sheikh on Oct. 13, 2025. Evan Vucci | Afp | Getty Images U.S. President Donald Trump on Thursday reportedly warned the U.K. that it would be “very dangerous” for the country to do business with China, after […]
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Stocks making the biggest moves after hours: Apple, Robinhood, Visa, Sandisk and more
Check out the companies making headlines in after-hours trading. Apple — Shares rose less than 1% after the company posted blowout fiscal first-quarter results, with notably strong revenue from its iPhone 17 models released in September. Apple earned $2.84 per share for the quarter, higher than the $2.67 per share expected by analysts surveyed by […]
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How Trump’s tariffs, and forced labor, led China to new record trillion-dollar trade surplus: Supply chain data
Labors work at a factory’s workshop in Huaying, Sichuan province of China. Getty Images China’s recent record $1.1 trillion trade surplus showed that despite President Donald Trump’s efforts to use tariff policy to slow China’s manufacturing export strength, the geopolitical and economic rival has not only found global workarounds, but thrived. Trade and supply chain […]
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Trade balance soared 94% in November and was higher than a year ago, despite tariff efforts
A boat moves past a cargo ship with containers at a terminal of the Yantian port in Shenzhen, Guangdong province, China October 30, 2025. Tingshu Wang | Reuters The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled and the impact of President Donald Trump’s […]
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India bets on up to 7.2% growth next year, outpacing most major economies
Laborers work at a coastal road project construction site in Mumbai on January 12, 2022. Punit Paranjpe | Afp | Getty Images India has forecasted its economy to grow between 6.8% to 7.2% in the fiscal year 2027, outpacing most major economies. The world’s fourth-largest economy is targeting this growth on the back of a […]
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China and the UK are attempting to reset their relationship — here’s how
Britain’s Prime Minister Keir Starmer addresses a business delegation following his arrival to China, at a hotel in Beijing on January 28, 2026. Carl Court | Afp | Getty Images After years of strained ties, China and the U.K. on Thursday pledged to develop a long-term strategic partnership following a high-stakes meeting between Chinese President […]
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