News

China's $41 billion plan to boost consumption is just a start as deflationary pressures deepen

Chinese policymakers have increasingly acknowledged the need to counter deflationary pressure at home.

Tariffs are 'lose-lose' for U.S. jobs and industry, economist says: 'There are no winners here'

Tariffs aim to insulate certain sectors from foreign competition. But evidence shows they often end up losing U.S. jobs.

Here's why banks don’t want the CFPB to disappear

The Consumer Financial Protection Bureau and its employees are in limbo after acting Director Russell Vought took over last month.

‘We don’t believe in the velvet rope:' One money manager is giving retail investors access to private credit. But is it worth it?

The exchange-traded fund industry is looking to give retail investors more access to alternative investments including private credit.

Powell says Fed is awaiting 'greater clarity' on Trump policies before making next move on rates

Powell reiterated statements he and his colleagues have made recently counseling patience on monetary policy.

Passive investing movement gets its Hollywood moment

The film from Academy Award-winning documentarian Errol Morris had its New York premier on Thursday.

Sen. Blumenthal asks Visa for records of its payments deal with Elon Musk’s X

The Senate request is one of the first signs of scrutiny on Visa after a late January announcement that it had agreed to provide services to X.

DOGE layoffs may 'overwhelm' unemployment system for federal workers, report finds

The Trump administration's purge of federal staff may flood a benefits system ill-equipped to handle the deluge.

China calls for 'peaceful coexistence' with the U.S. despite differences

China's Minister of Foreign Affairs Wang Yi struck a more conciliatory tone on U.S. relations during a high-profile press conference on Friday

China has more room to act on fiscal policy amid global uncertainties, finance minister says

China has more room to act on fiscal policy amid domestic and external uncertainties, Finance Minister Lan Fo'an told reporters on Thursday.

China doubles down on AI and tech innovation as Trump ratchets up trade pressure

The undercurrent of China's annual parliamentary meetings this week is U.S. trade tensions — and how Chinese technology is offsetting that pressure.

California pauses home energy rebate program amid Trump funding freeze

California paused a Biden-era home rebate program tied to energy efficiency because it can't access federal funding to administer the program.
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