Economy
Economy | LATEST STORIES
Foreign Treasury Holdings Surge to Record High Even as China, Japan Sell US Debt
Sales by Beijing and Tokyo are occurring as the yuan and yen face persistent pressure.
Retail Industry Calls for Tougher Laws Amid Violent Shopping Centre Incidents
This comes after a series of significant incidents at major Australian shopping centres this year, including the Bondi Westfields attack.
Dominos Pizza to Shut Down Around 100 Fast Food Outlets to Improve Profits
The store closures will occur in Japan and France.
Exact Timing of Rate Cut ‘Doesn’t Matter,’ Fed Gov. Christopher Waller Says
Fed governor says achieving the central bank’s dual mandate is what matters.
Global Banks Cut China’s 2024 Growth Outlook After Weak GDP Data
The revised outlook comes as senior Communist Party officials convened in Beijing to deliberate on economic policies to turn around China’s struggling economy.
Small-Business Sales Drop in June as Customers Cut Back Spending
Spending declined the most in sectors including restaurants, retail, and accommodation.
UK Business Secretary Strikes Cautious Tone on Tariffs for Chinese EVs
Jonathan Reynolds said he’s not ruling out the prospect of following the EU’s stops, but wants to make the ‘right’ decision for the sector.
Fed’s Powell Says Hard Landing Not a ‘Likely Scenario’
Fed chief warns of a balancing act between keeping rates high and cutting them prematurely.
Nearly 50 Percent of Gen Z Receive Monetary Assistance From Family: BofA Survey
Almost 7 in 10 Gen Zers are making changes to their lifestyle to deal with rising expenses, including seeking cheaper grocery outlets.
