Jerome Powell faces the challenge of reassuring investors about the economy’s stability while conveying that policymakers are prepared to act if necessary. Despite the Federal Reserve chair highlighting […]
Economy
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U.S. Consumers Anticipate Rising Inflation Amid Economic Uncertainty
A University of Michigan survey reveals that U.S. consumers are increasingly pessimistic about the economy, with expectations of inflation rising to 4.9% over the next year, the highest […]
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Forever 21 Operator Files for Bankruptcy Amid Retail Challenges
The operator of Forever 21 in the United States filed for bankruptcy, reflecting the challenges faced by the once-popular fast-fashion brand in competing against online retailers. F21 OpCo, […]
Markets
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Gold Prices Surge Past $3,000 Amid Tariff Concerns
Gold (XAUUSD) is set to remain in the spotlight after setting a new record high above the closely watched $3,000/oz level on Friday. The precious metal received a […]
Economy
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U.S. consumers are starting to crack as tariffs add to inflation, recession concerns
It’s not just Walmart. The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand. This marks a shift after […]
Technology
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Economy
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China unveils plan to ‘vigorously boost’ weak consumption
China has introduced a plan aimed at significantly enhancing weak domestic consumption. The initiative includes measures to increase residents’ income and establish childcare subsidy schemes, among other strategies […]
Economy
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China retail sales pick up as Beijing looks to consumers to ease US trade pressure
BEIJING, March 17 (Reuters) – China’s retail sales growth accelerated in January-February, signaling a positive response to policymakers’ efforts to boost domestic consumption, despite rising unemployment and slowing […]
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Jury Awards $50m to Man Injured by Scalding-Hot Tea from Starbucks
A Los Angeles county jury awarded $50 million to Michael Garcia, a delivery driver who was severely burned when a Starbucks drink spilled in his lap at a […]