Cheap Chinese goods helped keep inflation low in the early 2000s, but at the cost of U.S. manufacturing. As those imports surge again, here’s what’s changed and what it means for American jobs.
A private gauge of China’s services sector signaled the slowest pace of activity growth in eight months in June, reflecting the trend seen in official data.
The Biden administration released long-anticipated proposed rules that would establish the first federal safety standard for protecting workers from extreme heat on the job.
Rudy Giuliani was disbarred after making repeated false and perjurious statements to federal courts as he challenged the results of the 2020 presidential election, the New York Supreme Court said.
A judge delayed Trump’s hush-money sentencing until Sept. 18, granting the former president’s request to weigh whether the Supreme Court’s immunity ruling impacts his New York criminal conviction.
Fed Chair Powell said he was pleased with how inflation had resumed a downward trend, but said it was too soon to say whether the central bank might be able to lower interest rates by the end of the summer.
A network of buyers, sellers and couriers is conveying Nvidia’s advanced artificial-intelligence chips into China, bypassing the Biden administration’s restrictions aimed at denying Beijing that access.
The S&P 500 and Nasdaq hit records, rising 0.6% and 0.8%, respectively, with help from the jump in Tesla’s share price, while the Dow industrials rose 0.4%.
Tesla’s vehicle sales slid for a second straight quarter but not as much as expected, lifting the company’s stock price by 10% at Tuesday’s close and keeping the company ahead of rival BYD as the world’s largest seller of electric vehicles.
Skydance Media reached a preliminary agreement to buy National Amusements, with plans to then merge with Paramount Global, a deal that would be subject to approval by a panel of Paramount directors.
Oil edged higher in early Asian trade amid Middle East tensions and the start of the Atlantic hurricane season, which could disrupt the supply and production of oil.
The justices won’t hear a case that could have clarified whether bankruptcy courts can shield the directors and professionals involved in a reorganization.
Find insights on SPDR Gold, Royal Bank of Canada and National Bank, accounting standard IFRS 17, and more in the latest Market Talks covering Financial Services.
Luiz Amaral will leave Science Based Targets initiative after months of dissent over the organization’s decision to consider offsets as a way for companies to meet climate goals.