China factory profits slip as overcapacity troubles economic recovery
Factory profits in China have retreated from a two-year high, according to official data, highlighting concerns that industrial overcapacity
The tallest building in Fort Worth, Texas, has been bought by a bank for $12.3 million, three years after it sold $137.5 million. Burnett Plaza has 40 stories and is 567 feet tall.
(Bloomberg) -- Superpowers led by the US and European Union have funneled nearly $81 billion toward cranking out the next generation of semiconductors, escalating a global showdown with China for chip supremacy.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeHow One Brooklyn Neighborhood Became a Nightclub HavenIt’s the first wave of clo
(Bloomberg) -- President Joe Biden will quadruple tariffs on Chinese electric vehicles and sharply increase levies for other key industries this week, unveiling the measures at a White House event framed as a defense of American workers, people familiar with the matter said.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeChina Kicks off
Did lawmakers really pilfer Social Security's piggy bank? Here's the truth.
Two Air Force fighter jets recently squared off in a dogfight in California. It was the ultimate display of how far the Air Force has come in developing a technology with its roots in the 1950s. “Whether you want to call it a race or not, it certainly is,” said Adm. Christopher Grady, vice chairman of the Joint Chiefs of Staff.
If financial markets are right, interest rates won't just stay high this year, but possibly forever. Yet making the right call on where rates settle is a huge challenge for policymakers and investors -- many economists reckon R-star is lower than before the great financial crisis, but disagree on how to calculate it, its current level and whether it is rising. BNY Mellon Investment Management's chief economist, Shamik Dhar, who reckons R-star has risen is "nervous that hasn't been fully priced into equity and property markets."
Despite the fact that delaying the start of your Social Security benefits until age 70 means a 32% increase in the amount you would receive, only 10% of non-retired Americans between the ages of 60 and 65 plan to wait for the larger payout, according to the 2023 Schroders U.S. Retirement Survey. Consider working with […] The post Just 10% of Workers to Wait Until 70 to Take Maximum Social Security Benefits appeared first on SmartReads by SmartAsset.
“I don’t have a financial adviser because no one‘s going to take $25,000.”
SINGAPORE (Reuters) -Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp fuel demand in the world's biggest economy. "Oil markets shrugged off the impact of the Middle East conflicts and shifted attention to the world economic outlook again," Auckland-based independent analyst Tina Teng said. China's producer price index (PPI) contracted in April, suggesting that business demand remained sluggish, she said, adding that recent U.S. economic data signalled a slowdown as well.
In the frantic weeks that followed Russia’s invasion of Ukraine, China’s most senior officials scrambled to understand the implications that the conflict posed for the Chinese economy.