Economic events
Trump’s 10% credit card interest cap could hurt borrowers, experts say: ‘Access to credit would dry up’
Republican presidential nominee, former U.S. President Donald Trump arrives for a campaign event, his first since a man carrying a rifle was arrested Sunday near where Trump was playing golf at his club in Florida, in the Dort Financial Center on September 17, 2024 in Flint, Michigan. Scott Olson | Getty Images Former President Donald […]
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UK Prime Minister Keir Starmer says tough times are needed to spark national renewal
Liverpool, ENGLAND — U.K. Prime Minister Keir Starmer insisted on Tuesday that tough decisions taken now will spark a new era for Britain, as he sought to shake a fog of pessimism that has clouded his new premiership. “Change must mean nothing less than national renewal,” he told a crowd of Labour Party delegates Tuesday. […]
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China bond yields hit record low after PBOC signals more easing
A man walks past the People’s Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty Images China News Service | China News Service | Getty Images China bond yields fell to a record low after the People’s Bank of China on Tuesday announced that […]
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Stock futures are flat after Dow closes at a fresh record: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on Sept. 23, 2024. Michael M. Santiago | Getty Images U.S. stock futures were little changed Monday after the S&P 500 and Dow Jones Industrial Average posted new record closes. Futures tied to the 30-stock Dow slipped 36 points, or 0.08%. […]
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Europe careens toward a downturn as its biggest economies fight crises at home
Steel worker at the blast furnace tap of the at the Salzgitter AG steelworks on March 02, 2020 in Salzgitter, Germany. Maja Hitij | Getty Images News | Getty Images 107392634Europe looks to be heading toward a downturn as its biggest economies, Germany and France, battle political and economic woes at home. Business activity in […]
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European markets flat as French and German PMIs point to renewed downturn
Customers sit outside at a cafe terrace in Paris, France, on Nov. 10, 2021. Bloomberg | Bloomberg | Getty Images LONDON — European stocks were flat in early trade Monday morning as German and French business activity data pointed to renewed declines in the region’s two largest economies. The pan-European Stoxx 600 index opened modestly […]
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China’s youth unemployment hits fresh high amid economic slowdown and restrictive hiring policies
A job fair in China’s southwestern city of Chongqing on April 11, 2023. Str | Afp | Getty Images China’s youth unemployment rate in August rose to the highest level since the new system of record-keeping began in December, data from the National Bureau of Statistics showed, amid an economic slowdown. The jobless rate for […]
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China stimulus calls are growing louder — inside and outside the country
Key Points The world’s second-largest economy has remained under pressure from a real estate slump and tepid consumer confidence. “We believe the risk that China will miss the ‘around 5%’ full-year GDP growth target is on the rise, and thus the urgency for more demand-side easing measures is also increasing,” Goldman Sachs analysts said in […]
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China-Mexico freight traffic surges in Trump, Biden tariff era, as companies find ways to evade U.S. trade war
A freight train carries cargo shipping containers in the El Paso Sector along the US-Mexico border between New Mexico and Chihuahua state on December 9, 2021 in Sunland Park, New Mexico. Patrick T. Fallon | AFP | Getty Images New data shows a surge in trade between China and Mexico at a time of tough […]
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China’s yuan jumps to 16-month high, state banks step in to curb gains
Close up of Chinese Yuan notes, with Mao Tse-tung Peter Dazeley | The Image Bank | Getty Images China’s yuan rose to its strongest level in nearly 16 months on Friday on bets that Beijing will unveil fresh economic stimulus following a jumbo U.S. rate cut, though gains were capped by dollar buying from Chinese […]
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