U.S. retail sales increased more than expected in November as motor vehicle purchases rebounded and households increased spending elsewhere, pointing to solid economic growth in the fourth quarter.
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Trump Takes on Cost-of-Living Crisis
President Trump's ideas to lower costs and boost spending power could reshape housing, energy, and finance.
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China's Trade Surplus Surges 20% to a Record $1.2T
China's trade surplus surged to a record of almost $1.2 trillion in 2025, the government said Wednesday, as exports to other countries made up for slowing shipments to the U.S. under President Donald Trump's onslaught of higher tariffs.
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China's annual trade surplus hits a record $1.2 trillion, even as exports to U.S. decline by 20%
China's exports growth in December sharply beat expectations, catapulting the annual trade surplus to a record high.
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A major development in Trump's Fed feud is set to happen next week in the Supreme Court
Supreme Court arguments on Jan. 21 will likely be the next big development for the central bank's quest to maintain independence.
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US Posts Record $145B Dec. Deficit as Outlays Outpace Receipts
The U.S. government posted a $145 billion budget deficit for December, up 67% or $58 billion from a year earlier due to record outlays that were inflated by calendar shifts in benefit payments and receipts, the Treasury Department said on Tuesday.
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