Economic indicators – Charm

China’s economy grows at 5% in first quarter, shrugging off initial impact of Iran war

2 weeks ago015 mins

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K-shaped economy math shows why Trump’s base feels betrayed

Cs news6 months ago6 months ago019 mins

Days before President Donald Trump was sworn in for his second term, he acknowledged the high prices Americans were seeing at the gas pump and grocery store, pledging to bring them down. “It’s always hard to bring down prices when somebody else has screwed something up like [President Joe Biden] did,” Trump said in a…

China’s lopsided growth puts spotlight on Xi’s five-year plan

Cs news6 months ago6 months ago01 mins

China’s factories kept the country on track to reach this year’s growth target, powered by an export boom that’s papering over deeper vulnerabilities as leaders meet to chart the nation’s next half-decade. The world’s second-largest economy grew 4.8% in the third quarter compared with a year earlier, slightly above estimates. That laid a “solid foundation”…

Wall Street quietly mixed as markets bank on an interest rate cut from the Federal Reserve next week | Stock Market

Cs news8 months ago8 months ago05 mins

Trading on Wall Street was quietly mixed early Friday as markets near the end of another record-setting week ahead of the Federal Reserve’s interest rate decision on Wednesday. Futures for the S&P 500 were flat, while futures for the Dow Jones Industrial Average shed 0.2% and Nasdaq futures ticked up 0.1%. Following a mixed set…

U.S. Job Market Revisions Spark Economic Concerns | Local News

Cs news8 months ago8 months ago03 mins

WASHINGTON (AP) — The U.S. job market was much weaker in 2024 and early this year than originally reported, adding to concerns about the health of the nation’s economy. Employers added 911,000 fewer jobs than originally reported from April 2024 through March, the Labor Department reported Tuesday. The department issues the so-called benchmark revisions every…

What it could mean for the Fed to lose its independence

Cs news8 months ago8 months ago013 mins

WASHINGTON (AP) — President Donald Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central bank’s independence in decades. The consequences could impact most Americans’ everyday lives: Economists worry that if Trump gets what he…

U.S. producer prices surge in July as Trump tariffs push costs higher

Cs news9 months ago9 months ago07 mins

WASHINGTON (AP) — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way. The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers— rose 0.9% last…

Asian shares advance on relief that Trump is delaying higher China tariffs

Cs news9 months ago07 mins

TOKYO — Asian shares mostly advanced Tuesday after President Donald Trump delayed raising tariffs on China for another 90 days. Japan’s benchmark Nikkei 225 jumped 2.6% to 42,942.14, topping its past all-time record. Toyota Motor Corp.’s shares surged 3.3% and other heavyweight shares also saw big gains. Hong Kong’s Hang Seng slipped nearly 0.2% to…

In his own words: Trump’s comments over the past year on the jobs report

Cs news9 months ago9 months ago06 mins

WASHINGTON (AP) — In firing the head of the agency that produces monthly jobs figures, President Donald Trump alleged that the recent weaker-than-expected numbers were phony and that positive numbers reported before the 2024 election were manipulated to make him look bad. It’s a familiar cadence Trump has adopted in reacting to jobs reports: He…

Wall Street notches its 3rd winning week in the last 4

Cs news10 months ago10 months ago07 mins

NEW YORK (AP) — Wall Street closed its third winning week in the last four with a quiet finish on Friday. The S&P 500 edged down by a whisper, less than 0.1%, after setting its all-time high the day before. The Dow Jones Industrial Average fell 142 points, or 0.3%, and the Nasdaq composite edged…