Economic News

Updated Jan. 16, 2024 4:07 pm ETChinese Premier Li Qiang gave global business elites a big hint on highly anticipated growth figures, as he sought to reassure them that investing in China is an opportunity—not a risk.Li delivered the message in an address at the World Economic Forum in Davos, Switzerland, as Chinese leaders seek to stem an exodus of foreign investment with growth slowing and relations deteriorating with the U.S.-led West.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…

Updated Jan. 9, 2024 5:10 am ETHONG KONG—China’s overseas auto sales surged to a record last year, on track to surpass Japan as the world’s biggest exporter and marking a tectonic shift for the global auto industry.While China has become acknowledged as a world leader in electric vehicles, traditional gas-powered autos were the main driver of the increase, with demand surging especially in Russia.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Jan. 9, 2024…

Updated Jan. 2, 2024 4:10 am ETThe Netherlands has blocked chip-equipment manufacturer ASML’s exports to China of some lithography systems, which are essential to making advanced microprocessors, in a partial license revocation following U.S. export restrictions.The Netherlands-based company said Monday that the Dutch government recently partially revoked an export license for shipping the NXT:2050i and NXT:2100i lithography systems to China in 2023.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.…

Listen to article(1 minute)When the Phoenix Suns played the Detroit Pistons early this month, Mat Ishbia’s fingerprints were everywhere.He bought the Suns in February, tapping into the fortune he made in the mortgage business. And his lending company, UWM Holdings, sponsors the Pistons, with its logo appearing on their jerseys.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Listen to article(1 minute)When the Phoenix Suns played the Detroit Pistons early this month, …

Businesses need fewer extra workers for holiday jobs this fall after fighting in recent years to find enough staff to stock shelves, fill boxes and deliver packages during the year-end rush.That could be a warning of a weakening labor market, which is already showing signs of cooling.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Businesses need fewer extra workers for holiday jobs this fall after fighting in recent years to find enough staff to stock shelves, fill…

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The appointment of the former Fed chair is one of the first steps taken by a leading central bank to understand why they underestimated a surge in prices that has dented living standards.   The appointment of the former Fed chair is one of the first steps taken by a leading central bank to understand why they underestimated a surge in prices that has dented living standards.   FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all…

The central bank calls cap on government bond yields a reference point, not a rigid limit. The central bank calls cap on government bond yields a reference point, not a rigid limit. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and…

One reason the economy keeps humming: A huge chunk of consumer debt still carries low rates, including mortgages and auto loans made before 2022. One reason the economy keeps humming: A huge chunk of consumer debt still carries low rates, including mortgages and auto loans made before 2022. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

The euro fell against the dollar as President Christine Lagarde said the central bank was keeping an open mind on its next rate call. The euro fell against the dollar as President Christine Lagarde said the central bank was keeping an open mind on its next rate call. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…