Fed Cuts Interest Rates by Half Point Amid Growing Concerns …
WEB1 day ago · On Wednesday, the central bank slashed the federal funds rate by 50 basis points, bringing it to a range of 4.75% to 5%. This aggressive move marks the beginning of what could be a series of rate cuts aimed at stabilizing the economy amid growing concerns about slowing job growth and softening inflation. The rate cut, which impacts short-term ...
Amazon Pushes Employees Back to Office Full-Time, Raising …
WEB1 day ago · Amazon's recent announcement to mandate five days of in-office work starting January 2024 is causing a stir across corporate America. The decision, communicated by CEO Andy Jassy in a memo to employees, marks a significant shift from the current policy of requiring staff to be in the office three days a week.
Dollar Falters Ahead of Fed Rate Cut, Eyes on Potential 50 Basis …
WEB2 days ago · The U.S. dollar has been under increasing pressure as markets anticipate a significant shift in monetary policy from the Federal Reserve. As the Fed's decision on a potential rate cut looms, the dollar traded near its lowest levels of the year on Tuesday, with investors betting heavily on an aggressive easing cycle that could begin with a substantial 50 basis point reduction.
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WEBTesla Reportedly Opts Out of Performance-Based Stock Incentives for Employees Amid Cost-Cutting Measures. Business Times is a digital global news publication that provides comprehensive coverage and analysis of the most important business, economic, financial, political and technological issues from China and around the world.
TikTok’s Future on the Line: U.S. Court Weighs Nationwide Ban …
WEB2 days ago · TikTok, the wildly popular video-sharing app, found itself at the center of a high-stakes legal battle in Washington, D.C., on Monday, as the company argued against a looming nationwide ban that could put it out of business in the United States by January. The hearing before the U.S. Court of ...
Goldman Sachs and Citigroup Slash China's 2024 Growth Forecast …
WEB3 days ago · Goldman Sachs and Citigroup have both revised their projections for China's economic growth in 2024 downward to 4.7%, signaling increasing concern about the country's economic trajectory. The adjustments come in the wake of a slowdown in China's industrial output, which reached a five-month low in August, intensifying worries about the world's second-largest economy's ability to rebound.
U.S. Imposes 100% Tariffs on Chinese Electric Vehicles Starting …
WEB6 days ago · The Biden administration on Friday confirmed substantial tariff increases on a range of Chinese imports, including a 100% duty on electric vehicles (EVs), in a strategic move to bolster domestic industries against China's state-supported production surge. The U.S. Trade Representative (USTR) announced that many of these tariffs will take effect on September 27, marking a significant escalation ...
Oil Prices Drop Below $80 Amid China Slowdown and ... - Business …
WEBAug 17, 2024 · Oil prices experienced a significant drop on Friday, falling more than $2 per barrel, with Brent crude dipping below the $80 mark. This decline has set the stage for a weekly loss, driven primarily by renewed concerns over China's economic health, which have overshadowed lingering geopolitical risks in the Middle East.
China's Industrial Slowdown Raises Red Flags Despite Uptick in …
WEBAug 16, 2024 · The slowdown underscores the challenges facing China's manufacturing sector, particularly as export demand wanes and trade pressures mount. In contrast, retail sales rose by 2.7%, outpacing the 2.0% growth recorded in June and exceeding the expected 2.6% increase. However, the overall economic picture remains precarious, with analysts urging ...
Migrant Crossings Hit Record Lows at U.S.-Mexico Border Amid …
WEBAug 17, 2024 · After years of record-breaking migrant crossings, the U.S.-Mexico border is witnessing a significant decline in illegal entries, marking a rare success for the Biden administration in its ongoing efforts to manage one of its most challenging political issues. According to data provided by U.S. Customs and Border Protection (CBP), migrant apprehensions in July fell to the lowest levels of the ...