Economic News

US to Keep Dominating Global Investment Flows: Finance Execs

The United States will continue to draw the vast majority of investment flows and the risks of a slowdown in the world's largest economy are overblown, the heads of major financial firms said at a conference in Saudi Arabia Tuesday.

Trump, Japan Agree on Rare Earth, Critical Minerals Supply

President Donald Trump and Japan Prime Minister Sanae Takaichi on Tuesday signed a framework agreement for securing the supply of critical minerals and rare earths through mining and processing, the White House said in a statement.

Gordon Chang to Newsmax: US-China Deal 'Basically a 1-Year Truce'

President Donald Trump is expected to reach a deal with Chinese President Xi Jinping to avert a new 100% U.S. tariff on Chinese goods, which is "basically a one-year truce," China analyst Gordon Chang told Newsmax on Monday.

Amazon May Cut 30K Corporate Jobs Starting Tuesday

Amazon is planning to cut as many as 30,000 corporate jobs beginning Tuesday as the company works to pare expenses and compensate for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.

McFarland to Newsmax: China's Economy in Big Trouble

China's economy is "in big trouble," and Beijing's dependence on U.S. markets has left it in a precarious position amid ongoing tensions between Washington and Beijing, former Trump administration official KT McFarland told Newsmax.
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