China’s economy is weakening as the trade war escalates.
China’s economy is weakening as the trade war escalates.
Philippine President Rodrigo Duterte survived many scandals with his poll numbers largely intact, but support for the seemingly unsinkable strongman is finally waning, polls showed on Monday.
The price of beer, soup, phones, and televisions have all declined while tariffs have gone up.
Wage growth outpaced expectations in the United Kingdom in the year to July, the latest figures show, with pay having risen above inflation for four straight months in good news for British workers.
House Minority Leader Nancy Pelosi (D-CA), who would likely become Speaker of the House if Democrats win the midterm elections in November, trashed Friday’s jobs report — even though Blackrock called it “the greatest of all time.”
Contents: US court seizes Socialist Venezuela’s Citgo as compensation for mine nationalization; Argentina’s peso collapses after central bank raises interest rate to 60%; Turkey and Argentina lead the world’s developing countries in falling currencies
Remember when they said tariffs would raise the prices of beer, soup, and canned food? The latest data shows that prices are actually falling.
Venezuelan dictator Nicolás Maduro announced the creation of a Ministry of Interior Commerce on Sunday that he claims will “unify” the country’s private and public sectors.
Hint: If we were desperately short of workers, wages would be rising.
Jobless claims unexpectedly fell last week and price data suggests inflation is still muted.
Venezuelan dictator Nicolás Maduro has removed five zeroes from the country’s Bolivar currency amid inflation that is expected to reach one million percent by the end of the year.
Inflation-adjusted wages were flat for the second month in a row.
Inflation was surprisingly weak in April, with so-called core CPI actually declining from earlier in the year.
The smaller than expected rise is a sign inflationary pressures in the economy remain low. The rise was the lowest since December, when producer prices were unchanged.
“We want wages to go up,” Treasury Secretary Steven Mnuchin said at a conference in Los Angeles Monday.
Fed officials appear to be convinced that tax cuts and the recent federal budget agreement would add to economic growth. Tariffs on steel and aluminum were not seen as threatening, although federal officials did worry about foreign retaliation.
Venezuelan dictator Nicolás Maduro announced on Tuesday that he will knock three zeros off their currency and create a new monetary system known as the “sovereign bolivar.”
The consumer price index rose 0.2 percent from a month earlier, hitting the consensus forecast. The rise in prices was lower than the prior month, when the CPI rose 0.5 percent.
Garrett Camp, the creator and co-founder of Uber, has unveiled a new Bitcoin-like digital currency, “Eco,” with elite gatekeepers and unlimited inflation built into its protocol — and he needs a billion-strong email list to distribute it.
The number of Americans filing for unemployment benefits last week rose from near a 45-year low, according to Labor Department data released Thursday.
U.S consumer prices increased by more than expected in January.
LONDON (AP) — The pound has pushed above the $1.40 level as traders price in a growing likelihood of another interest rate increase in May from the Bank of England.
Iran’s President Hassan Rouhani announced on Monday that the Islamic Republic of Iran’s central bank has stopped issuing permits and licenses for new private banks or commercial lenders.
Thousands of protesters have taken to the streets of Iran over the past few days, speaking out against both the “hardline” government of the ayatollahs and the supposedly “moderate” secular government of President Hassan Rouhani. “Death to the dictator!” and “Death to Rouhani” are chants heard in at least eight Iranian cities, and the movement appears to be spreading.
The Federal Reserve will almost certainly raise its short-term interest rate target by a quarter percentage point at the conclusion of its two-day policy meeting Wednesday.
The minimum wage in the socialist country of Venezuela has crashed to under $2 a month as hyperinflation continues to shatter the country’s economy.
The price of one full Bitcoin, the original decentralized digital currency, officially hit 10,000 U.S. dollars early Tuesday morning, according to data from CoinMarketCap.
The number of people going hungry in the U.S. is at its lowest level since 2007, according to a new report from the U.S. Department of Agriculture (USDA).
So much for the idea that Trump would send supermarket prices skyrocketing.
Covered California is so desperate to keep insurance companies on its Obamacare exchange that the state plans to guarantee profits to the giant corporations.
LONDON (AP) — Consumer price inflation in Britain unexpectedly held steady in July at an annual rate of 2.6 percent, official figures showed Tuesday, in a development that may ease pressure on the Bank of England to raise interest rates at a time when the economy has slowed amid uncertainty over the country’s exit from the European Union.
U.S. inflation slowdown keeps going and going.
LONDON (AP) — Inflation in Britain unexpectedly fell in the year to June, official figures showed Tuesday in a development that’s eased market expectations that the Bank of England will raise interest rates soon. The Office for National Statistics said
The California Department of Business issued a new report that reveals seniors are the largest group among the almost half million Californians who took out a payday loan at interest rates of up to 30 percent last year.
At the World Economic Forum on Africa in Durban on Thursday, President Robert Mugabe of Zimbabwe bizarrely insisted his country is not poor or fragile, even though it chugs in at Number 25 on the U.N.’s Human Development Index for Africa.