China must rethink its reliance on property sales to see real growth
The country's economy was expected to blast out of the blocks after Covid - but that hasn't happened.
2023-07-07 06:22
The Fed's favorite inflation gauge shows prices rose just 0.1% last month
The Federal Reserve's preferred inflation gauge cooled off last month, and consumers reined in some spending as the economy slows, according to data released Friday by the Commerce Department.
2023-06-30 21:23
Crisis-hit Pakistan strikes $3bn funding deal with IMF
The South Asian nation is facing its worst economic crisis since independence from Britain in 1947.
2023-06-30 12:16
Rent is falling in America for the first time in years
Some welcome news for renters: The US median rent in May fell from May 2022, the first annual rent decline in at least three years, according to a Realtor.com report released Monday.
2023-06-26 18:48
San Francisco mayor proposes tearing down Westfield Mall and other shuttered downtown retailers
San Francisco Mayor London Breen suggested remaking the city's struggling downtown neighborhood by tearing down abandoned retail space. Breed argued that a shift to online shopping has contributing to declining foot traffic in the area.
2023-06-24 03:18
Temu: Risk popular website sells forced labour goods
The claims arise from an investigation into a US law barring imports made with Uyghur labour.
2023-06-23 07:50
Turkey's Erdogan set for economic U-turn and steep interest rate hike
Turkey is expected to reverse some of the unorthodox economic policies of President Erdogan.
2023-06-22 09:45
iPhone maker Foxconn to switch to cars as US-China tensions soar
The firm, which makes over half of the world’s Apple products, is looking for its next big growth driver.
2023-06-16 05:52
US retail sales rose in May
Spending at US retailers rose last month, in a sign that consumers are still fueling the economy.
2023-06-15 22:59
Is the US trying to kill crypto?
The digital asset industry, already in turmoil, now faces a full-fledged battle with regulators.
2023-06-15 07:24
Another key inflation gauge fell sharply in May
US inflation at the wholesale level has cooled once again, this time landing below its pre-pandemic average.
2023-06-14 20:55
Bud Light loses its title as America's top-selling beer
America's top-selling beer is no longer American.
2023-06-14 19:47