economy

Chinese President Xi Jinping stands by national flags at the Schloss Bellevue presidential residency in Berlin on March 28, 2014. Chinese President Xi Jinping begins a landmark visit to fellow export powerhouse Germany Friday, the third leg of his European tour, expected to cement flourishing trade ties and focus on …

Chinese Media Gives Thumbs Down to State of the Union 2019

China’s state-run Global Times on Wednesday offered a lukewarm review of President Donald Trump’s 2019 State of the Union Address, applauding his effort to build political unity in the United States but insisting the U.S. is too “deeply divided” to accomplish anything worthwhile.

FILE - In this May 3, 2017, file photo, California Attorney General Xavier Becerra answers a question during a news conference in Sacramento, Calif. The top lawyers for 19 states will urge a federal judge Monday, Oct. 23, 2017, to force President Donald Trump's administration to pay health care subsidies …

Democrats Fail to Mention Venezuela Crisis in State of the Union Response

California Attorney General Xavier Becerra referenced gun control, environmental regulation, and the FBI probe into Russian election meddling during the Spanish-language Democratic response to the State of the Union response on Tuesday, but he failed to mention the single biggest crisis currently affecting Latin Americans: the collapse of socialist Venezuela.

Elon Musk SpaceX (Jae C. Hong / Associated Press)

SpaceX Picks Texas Border City Over Los Angeles to Build Mars Ship

SpaceX, the space exploration firm founded by Tesla CEO Elon Musk, announced Wednesday it will build test versions of its Mars spaceship in South Texas and not at the Port of Los Angeles, a decision made to streamline operations, the Hawthorne, California-based company said in a statement.

Iran's saffron seeks global recognition

Iran Enters Deep Recession, Admits 27% Unemployment

The government of Iran is prone to belligerent defiance about the resilience of its economy in the face of U.S. sanctions, but Radio Farda noted on Wednesday that even the dubious data officially released by Tehran depicts a country in “deep recession” with staggering unemployment rates.

Federal Reserve

Fed Chairman Rolls Back # of 2019 Rate Hikes from Three to Two

FFederal Reserve Chairman Jerome Powel revealed the Federal Open Market Committee (FOMC) brought the prediction down to two rate hikes in 2019 from three in light of the quarter percent rate hike announced Wednesday afternoon.

Federal Reserve Board Chairman Jerome Powell speaks during a news conference on September 26, 2018 in Washington, DC. The Fed raised short-term interest rates by a quarter percentage point as expected today, with market watchers expecting one more increase this year and three more in 2019. (Photo by Mark Wilson/Getty …

Federal Reserve Raises Interest Rates 1/4 Point

The Federal Reserve announced Wednesday afternoon, less than a week before Christmas, that the Fed will raise interest rates a quarter of a point, from 2.25 to 2.50 percent.