Economic News

Despite Differences, China's Xi and Germany's Merz Seek to Deepen Ties in Turbulent Times

There are many things that China and Germany do not see eye-to-eye on - notably Russia's war in Ukraine - but the leaders of the world's second and third largest economies nonetheless pledged Wednesday to work to deepen ties in an era of global turbulence.

Trump Hails 'Turnaround for the Ages' in SOTU Address

President Donald Trump declared in his State of the Union address that America is staging "a turnaround for the ages" after just one year back in office.

US Consumer Confidence Improves Modestly

U.S. consumer confidence rebounded more than expected in February, but the share of consumers viewing jobs as "hard to get" increased to a five-year high, raising the risk of the unemployment rate increasing this month.

Fed's Cook: AI May Cause Short-Term Unemployment

Artificial intelligence has triggered a generational shift in the U.S. labor market and could lead to a possible rise in the unemployment rate that the U.S. central bank may not be able to counter with lower interest rates, Federal Reserve Governor Lisa Cook said...

US Home Price Growth Slows in December

U.S. single-family house price gains slowed in December, but economists believe tight inventory could prevent an outright decline in national home prices.

Bessent Warns of 'Economic Apocalypse' if Taiwan Lost

Taiwan is no longer just a test of American resolve abroad. It is a test of whether the world economy can survive a single semiconductor chip chokepoint, The New York Times reports.
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