Biden calls China a ‘ticking time bomb’ over economic troubles
U.S. President Joe Biden on Thursday called China a “ticking time bomb” because of its economic challenges and said the…
Biden embraces July inflation report: ‘That’s Bidenomics’
WASHINGTON — Despite a small rise in inflation last month over June’s rate, President Joe Biden on Thursday insisted that July’s…
July CPI report shows inflation gauge rose 3.2%, less than expected
The consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least…
Interest rates should stay around 5% for longer — even as inflation falls, top economist Jim O’Neill says
Veteran economist Jim O’Neill says central banks will need to keep interest rates up around 5% across major economies for…
Credit card balances jumped in the second quarter and are above $1 trillion for the first time
Americans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1…
Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end
Philadelphia Federal Reserve President Patrick Harker on Tuesday indicated that the central bank could be at the end of its…
JPMorgan backs off recession call even with ‘very elevated’ risks
JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a…
Biden order curbing investment to China expected next week
President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China…
The story of inflation, as told through your child’s backpack
Back-to-school shopping hasn’t been easy this year for Lauren Cyr. The mother of three has searched for deals and spread…
Here’s where the jobs are for July 2023 — in one chart
The labor market added a smaller-than-expected 187,000 jobs in July, but one sector delivered roughly half of that total. The…
