China's economy has entered a period of deflation as consumer prices experienced their first decline since early 2021.
Go Deeper (4 min read)China's "basket of measures" to address the risks posed by local government debt is anticipated to encompass a range of strategies, including special bond issuance, debt swaps, loan extensions, and a measure that Beijing has been reluctant to embrace: tapping into the central budget.
Go Deeper (2 min read)In the early 1990s, Japan captured the American imagination, but its remarkable rise turned into a prolonged decline, mainly due to demography.
Go Deeper (3 min read)The Federal Reserve made a unanimous decision to raise the benchmark federal-funds rate by a quarter-percentage-point, bringing it to a range between 5.25% and 5.5%.
Go Deeper (2 min read)Amazon.com Inc has surpassed Wall Street's expectations with its impressive sales growth and profits, driven by efficient delivery to customers and a rebound in its cloud-computing division.
Go Deeper (4 min read)According to the latest report from the Labor Department on Wednesday, consumer prices in June rose by a mere 3% compared to the previous year - the smallest annual increase since March 2021.
Go Deeper (2 min read)Consumer prices in China approached the brink of deflation, intensifying the need for policymakers to implement additional stimulus measures to revive sluggish demand.
Go Deeper (3 min read)Meta Platforms, the parent company of Facebook, made a bold move on Wednesday by launching Threads, a direct competitor to Twitter.
Go Deeper (3 min read)Goldman Sachs is currently engaged in discussions regarding the potential transfer of its Apple credit card and high-yield savings account products to American Express.
Go Deeper (3 min read)In a move aimed at safeguarding national security and preserving its interests, China's Ministry of Commerce declared on Monday that it would enforce export controls on certain metals extensively utilized in the semiconductor sector.
Go Deeper (2 min read)Federal Reserve Chairman Jerome Powell expressed a firm stance on inflation, projecting multiple interest rate increases in the near future, potentially at an aggressive pace.
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