Economy News

Economy

China's Central Bank Unveils Plans for Moderately Loose Monetary Policy to Boost Economy

The People's Bank of China announces a moderately accommodative monetary policy to ensure ample liquidity and a favorable financial environment, aiming for price recovery and finan...

Economy

Fed's Goolsbee Expresses Concerns Over Latest CPI and PPI Inflation Data

Federal Reserve Bank of Chicago President Austan Goolsbee expresses concerns over recent CPI and PPI inflation data, highlighting services inflation as a worry. He discusses the Fe...

Economy

US Industrial Production Dips Slightly in July, Reveals Federal Reserve Report

The Federal Reserve reports a slight 0.1% decrease in US industrial production in July compared to June, with manufacturing stable but mining and utilities down. Yearly comparisons...

Economy

US Retail Sales Show Robust Growth in July, Signaling Strong Consumer Confidence

US retail and food services sales rose by 0.5% in July, reaching $726.3 billion, a 3.9% increase from last year. The quarter ending in July also saw a 3.9% growth, with nonstore re...

Economy

Exclusive: President Trump Announces Upcoming Tariffs on Steel and Semiconductors to Boost Domestic Industry

President Donald Trump announces plans to introduce tariffs on steel and semiconductors next week, aiming to boost domestic industry. The tariffs will start at a lower rate to enco...

Economy

June Sees a Steady Rise: US Business Inventories Grow by 0.2% Amid Economic Shifts

US business inventories rose by 0.2% in June, reaching $2,660.3 billion, with a 1.6% annual increase. Trade sales and shipments also grew, indicating strong economic activity. The ...

Economy

August Sees a Sharp Decline in US Consumer Confidence Amid Rising Inflation Concerns

The University of Michigan's preliminary report shows a 5% monthly and 13.7% annual decline in the US Consumer Sentiment Index for August, with rising inflation expectations across...

Economy

Singapore to Auction Luxury Hermes Handbags and Gold Bars in Historic $2.3B Money Laundering Seizure

Singapore is set to auction off luxury items, including Hermes handbags and gold bars, seized in a $2.3 billion money laundering case. Deloitte oversees the sale, which includes hi...