latest Economy news, data and analysis - EconoTimes
WEB6 days ago · EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and ...
U.S. Dock Workers Strike Ends with Tentative Wage Deal
WEB2 days ago · The U.S. dock workers strike has officially ended following a tentative agreement between dock workers and port operators, putting a stop to a crippling three-day strike that halted shipping ...
Federal Reserve Rate Cut Expected to Downshift, But Larger
WEB3 days ago · Thursday, October 3, 2024 4:15 AM UTC. During its remaining policy meetings this year, the Federal Reserve is expected to downshift to smaller interest rate cuts. However, a sharp downturn in the ...
Fed to Maintain Gradual Rate Cuts Amid Economic Strength, …
WEB4 days ago · Federal Reserve Chair Jerome Powell confirmed that the central bank will continue with gradual quarter-percentage-point rate cuts, following the recent economic improvements.
Asia’s Factory Activity Slows Amid Global Uncertainty
WEB4 days ago · Asias factory activity weakened in September as Chinese demand faltered and global economic uncertainty persisted. Private surveys reveal that manufacturing across the region faces headwinds ...
Fed's Powell Signals More Rate Cuts, Emphasizes Data
WEB5 days ago · Tuesday, October 1, 2024 3:19 AM UTC. Federal Reserve Chairman Jerome Powell signaled Monday that the Federal Reserve may continue adjusting interest rates toward a more neutral level but ...
Markets Brace for Key Jobs Report, Powell’s Remarks, and
WEB6 days ago · The Federal Reserve kicked off its rate-cutting cycle earlier this month with a 50-basis-point cut. The upcoming October nonfarm payrolls report, expected on Friday, will be closely watched ...
Huawei Export Restrictions Set for Potential US Relaxation
WEBAug 19, 2024 · The U.S. is on the verge of loosening Huawei export restrictions, with lawmakers warning that continuing the current sanctions could lead to severe consequences for American semiconductor firms.
Why China Isn’t Reacting Swiftly to Economic Slowdowns
WEBSunday, September 22, 2024 2:37 PM UTC. Despite weakening economic data, China’s leadership remains measured in its response, prioritizing long-term growth over immediate stimulus. President Xi ...
China’s $25 Billion Chipmaking Investment in H1 2024
WEBSep 3, 2024 · China's relentless drive to bolster its chipmaking capabilities saw a record $25 billion spent on equipment in the first half of 2024, eclipsing the combined expenditures of the U.S., South Korea ...