business news

China should focus on fighting deflationary pressure, former central bank governor says

SHANGHAI — China’s policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People’s Bank of…

7-Eleven’s parent company rejects $38.6 billion takeover bid, says offer ‘grossly undervalues’ company

Seven & i Holdings has rejected the takeover offer from Canadian convenience store operator Alimentation Couche-Tard, saying the offer “is…

China’s wealthy are increasingly looking overseas for business investment opportunities

BEIJING — China’s wealthy are increasingly looking for ways to move capital outside the mainland to pursue business opportunities, rather…

How high earners can funnel money to a Roth IRA, the ‘gold standard’ of retirement accounts

You’d think earning more would make it easier to boost retirement savings. But high earners may find it tricky to…

JPMorgan top economist says the Fed should cut rates by a half point this month

The Federal Reserve should cut interest rates by 50 basis points at its September meeting, according to JPMorgan’s Michael Feroli.…

Trump election interference case resumes in D.C. after yearlong delay over immunity fight

The federal criminal election interference case against Donald Trump resumed in Washington, D.C., on Thursday after a nearly yearlong delay…

Harris will beat Trump, says election prediction legend Allan Lichtman

The results are in, and Democratic presidential nominee Kamala Harris will defeat Republican rival Donald Trump in the Nov. 5…

Friday’s jobs report for August is going to be huge. Here’s what to expect

Wall Street is gearing up for one of the most important economic releases of the year Friday, when the Labor…

Trump adopts Elon Musk plan for government reform, lays out economic blueprint ahead of debate with Harris

NEW YORK — Former President Donald Trump on Thursday unveiled a new batch of economic policy proposals that include Tesla…