The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China’s somewhat disappointing weekend stimulus announcements the focus of market attention. Alfexe | Istock | Getty Images The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving…
China will hand out twice the number of scholarships and step up financial aid to students as part of a series of policy measures announced by the Ministry of Finance on Saturday. The country will double the annual scholarship quota for undergraduate students to 120,000, that of postgraduates to 70,000, and doctoral students to 20,000,…
Analysts are starting to wonder if Fed chair Jerome Powell may achieve what many believed impossible: bringing the economy down from a period of rampant inflation without plunging it into a recession. After years of the Powell-led Federal Open Market Committee (FOMC) focusing on bringing down price inflation, markets were growing concerned that unemployment may…
The U.S. labor market surged in September, adding a robust 254,000 jobs that far exceeded expectations, boosting business confidence. The new jobs report figures significantly increased from the 159,000 jobs added in August, according to the Department of Labor. September’s job gains were broad, with several industries showing strong growth. At the same time, the…
Beijing is asking officials to take a “bold and steady” approach, a mantra of China’s late paramount leader Deng Xiaoping, to lift national morale and stimulate the economy in the push toward the annual growth target. In an article on Sunday, the state-run Study Times stated President Xi Jinping’s emphasis on the need to combine…
The S&P 500’s positive performance this year means that a Harris victory is likely, history says. The Misery Index, which tracks unemployment and inflation, is also down, pointing to a Harris win. However, market volatility and new employment data could change the narrative, strategists say. Thanks for signing up! Access your favorite topics in a…
“We’re going to take it meeting by meeting,” Federal Reserve Chair Jerome Powell said on Wednesday. The Federal Open Market Committee meets again in November. Getty Images The Federal Reserve’s decision this week to cut interest rates half a percentage point reverberated up and down the U.S. economy, with economists, business owners and investors wondering—what’s…