The Latest Breaking News from Economy

The U.S. economy continues to defy gravity, growing rapidly despite high interest rates. Consumer spending is powering the expansion, but it's not clear how long that can last.

The federal deficit grew to $1.7 trillion—more than $5,000 per person in the US—in FY 2023. The last budget surplus was in FY 2001.

China's economy displayed robust growth in the third quarter, underscoring Beijing's resolute commitment to achieving its annual growth target of 5%. Thus, it could be wise to scoop up shares of resilient China stocks LexinFintech Holdings (LX), X Financial (XYF), and Tarena International (TEDU), which exhibit solid growth potential. Read…

Local councillor says move is a ‘false economy’ because fence will need replacing in a few years

Former Chinese premier Li Keqiang died early this Friday from a heart attack at the age of 68, months after retiring from nearly a decade in office. When he took up his post, reformers had hoped Li would initiate bold economic change. Barclays even coined the term "Likenomics" to describe…

Asian shares have advanced after the latest tumble on Wall Street

Li was groomed for leadership, and was seen at one point as a contender for China's top job, only to be pushed aside as Xi Jinping ascended.

The Biden administration celebrated the surge in U.S. GDP growth Thursday, but economists and analysts warn it could be the last hurrah for an ailing economy.

Newsom recently vetoed legislation that would have all but banned autonomous trucks in the California, instead allowing the regulatory process to play out.