104 summaries
Months after the last U.S. penny was minted, states are setting guidelines for cash transactions as businesses and consumers adapt to a penniless economy. The Treasury Department will continue circulating existing pennies but exact change is becoming increasingly difficult. President Trump ended pen
4 articles from 4 publishers
China's consumer price index (CPI) rose by 1.3% year-on-year in February, marking the highest increase since January 2023 and surpassing economists' forecasts of a 0.8% rise. The surge was driven by increased spending during the Lunar New Year holiday, which saw flight ticket prices rise by 29.1% an
3 articles from 3 publishers
China's economy roared into 2026 with export growth far outstripping forecasts, fueled by strong demand for electronics and other strategic sectors. Outbound shipments from the world's second-largest economy grew 21.8% in US dollar terms during January-February, significantly higher than December's
4 articles from 3 publishers
President Donald Trump's predictions of a booming economy in early 2026 have been met with job losses and rising gasoline prices. The latest data on jobs, pump prices, and the stock market suggest that Trump’s optimistic outlook may not be materializing as expected. The White House remains confident
American employers unexpectedly cut 92,000 jobs in February, marking a significant downturn in the labor market and pushing the unemployment rate up to 4.4% , according to data released by the Labor Department on Friday. The job cuts represent a sharp decline from January's gain of 126,000 jobs a
5 articles from 5 publishers
China has set its lowest economic growth target in decades, aiming for a 4.5-5% expansion in 2026 as the world’s second-largest economy grapples with weak domestic demand and an uncertain global outlook. The moderate projection follows three consecutive years of aiming for around 5% growth, which th
14 articles from 4 publishers
President Donald Trump and his administration are confident that his nominee for Federal Reserve chair, Kevin Warsh, can unleash an economic boom similar to the 1990s by leveraging artificial intelligence (AI) and slashing interest rates. However, many economists remain skeptical about this optimist
China has set its target for GDP growth to a record low of 4.5%-5% , reflecting an economic strategy that is shifting away from export-led growth to a model focused on high-quality growth driven by technology and structural reform. Premier Li Qiang announced the target during the opening session of
8 articles from 7 publishers
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