Economic events

Treasury Secretary Janet Yellen tackles ‘disconnect’ on Biden polling and U.S. economy

WASHINGTON — Treasury Secretary Janet Yellen on Tuesday said there is a “disconnect” between the actual performance of the U.S.…

Yellen’s UN week agenda: Food prices, climate change and global aid

WASHINGTON — Treasury Secretary Janet Yellen outlined an ambitious agenda on Monday to address key factors of the global economic…

China VC deals plunge, on track for worst pace in more than seven years

BEIJING — Slowing growth and geopolitical tensions are stifling the Chinese startup world that once spawned unicorns such as ByteDance…

China’s retail sales surprise with faster growth in August, but real estate drag worsens

BEIJING — China’s retail sales and industrial production picked up pace in August with better-than-expected growth, according to National Bureau…

What is shadow banking? Unpacking the risks for China

BEIJING — China’s real estate problems have again drawn attention to the world of shadow banking and the risks it…

In ‘shift,’ some car shoppers shun top-of-the-line models, analyst says. How to find an inexpensive new vehicle

During the pandemic, shoppers splurged on higher-end new cars. Now, given the current high car costs and interest rates, drivers…

Bank of England bond sales creating a ‘selling gold at the bottom’ moment, strategist says

LONDON — The Bank of England’s rapid pace of bond sales is creating a “selling gold at the bottom” moment…

‘Very stupid’: Italy’s bank tax remains controversial as government scrambles to update it

Italy’s shock tax on banks continues to prove controversial, even as the government insists it can improve it. Europe’s main…

China says drop in trade with the U.S. is ‘a direct consequence of U.S. moves’

BEIJING — China’s ambassador to the U.S., Xie Feng, has blamed U.S. tariffs and export controls for a drop in…