“China has been playing hard to get for the last several months and they would not talk. Now, they sort of relented. And so, they agreed to talk with American high-level cabinet members on matters that are vital to both nations’ economies. The reason why they relented is because China’s economy is in big trouble,…
[PREMIERING 8PM ET] ‘China’s Economy Is in Big Trouble’—Miles Yu on Janet Yellen’s Trip to China [ATL:NOW]
[PREMIERING 7/8, 7:30PM ET] Jonathan Ward: The Blueprint for American Victory Over the Chinese Communist Party
“They depend more on us than we depend on them … Fundamentally, the rise of China does not really continue from an economic perspective without access to Western markets, Western capital, and Western technology,” says Jonathan Ward. He is a China scholar, founder of the Atlas Organization, and author of “The Decisive Decade: American Grand…
President Biden Touts ‘Bidenomics’
Commentary President Joe Biden’s speech earlier this month told Americans that they have a mistaken view of the economy. Although the average of polls shows that only some 38.3 percent of American voters have confidence in the president’s handling of the economy, the president thinks he is doing a great job, and his speech aimed to…
IN-DEPTH: Bank Branch Closures Leave Vacant Buildings, Inconvenienced Customers
When Pamela Bigelow, a lifelong resident of Duncan, Arizona, goes to the bank, she must make a day of it. Duncan, population 677, lost its last bank branch about six years ago. Now, when Duncan residents need cash, a cashier’s check, or to get a loan, they must travel 40 miles to the copper mining…
Wall Street Opens Lower After Payrolls Report
Wall Street‘s main indexes opened lower on Friday after data signaled resilience in the labor market in the face of the Federal Reserve’s aggressive monetary tightening. Data showed U.S. job growth slowed more than expected in June after surging in the prior month, but labor market conditions remain tight, with the unemployment rate retreating from a seven-month high and fairly strong wage…
Job Growth Slows to 209,000 in June, Falling Below Expectations
The U.S. economy created 209,000 new jobs in June, down from a downwardly revised 306,000 in May, according to the Bureau of Labor Statistics (BLS). This also came in below the consensus estimate of 225,000 and represented the lowest level of job creation of President Joe Biden’s time in the White House. Employment growth has…
Job Growth Slows to 209,000 in June Below Expected
The U.S. economy created 209,000 new jobs in June, down from a downwardly revised 306,000 in May, according to the Bureau of Labor Statistics (BLS). This also came in below the consensus estimate of 225,000. The unemployment rate slipped to 3.6 percent, down from 3.7 percent, and matched economists’ expectations. BLS noted that the change…
Dollar Steady Ahead of Jobs Data, Yen Shines After Japan Wage Data
LONDON—The dollar held steady against most major currencies on Friday ahead of U.S. employment figures that could confirm rates are likely to stay higher for longer, but fell sharply against the yen, which got a boost from Japanese wage data. The U.S. nonfarm payrolls report is due later in the day and is expected to…
Oil Prices Set for 2nd Straight Weekly Gain After US Data
LONDON—Oil prices rose on Friday and were on track for their second straight weekly gain, as resilient demand resulted in a larger-than-expected fall in U.S. oil stockpiles, offsetting fears of higher U.S. interest rates. Brent crude futures were up 36 cents, or 0.5 percent, at $76.88 a barrel at 1114 GMT, while U.S. West Texas…
Stock Market Today: Asian Shares Fall as Strong US Data Dash Hopes for an End to Rate Hikes
BANGKOK—Asian shares slipped Friday after another decline on Wall Street, where hopes for an end to interest rate hikes were again dashed by strong jobs data. U.S. futures fell and oil prices were higher. Investors were watching for updates from U.S. Treasury Secretary Janet Yellen’s visit to Beijing. Tokyo’s Nikkei 225 shed 0.6 percent to…
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