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 […]
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 […]
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 […]
Economy
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China’s retail sales strengthen at the start of the year, industrial output tops expectations
China’s economy demonstrated a slight improvement for the first two months of the year, as per data released by the National Bureau of Statistics. Beijing has reiterated its […]
Economy
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China Outlines Plan to Bolster the Economy Amid Trump Tariffs
In response to tariffs imposed by the Trump administration, China has detailed a strategy to strengthen its economy. The plan focuses on domestic consumption and investment to mitigate […]
Economy
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US Shoppers Reduce Spending Amid Economic Concerns
US shoppers are cutting back on spending as concerns about the economic outlook increase. This trend reflects a broader sentiment among consumers who are becoming more cautious about […]
Economy
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Trump’s Treasury Secretary Views Stock Market Decline as ‘Healthy’
Amid a $5 trillion loss in the U.S. stock market over the last three weeks due to tariff threats and rising inflation, Treasury Secretary Scott Bessent has characterized […]
Economy
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Wall Street’s Recession Odds Rise Amid Trump’s Trade War Stance
The likelihood of a recession on Wall Street is increasing as President Trump maintains his stance on the trade war. The U.S. stock market has seen a significant […]
Economy
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US Postal Service Agrees to Collaboration with DOGE Led by Elon Musk
US Postmaster General Louis DeJoy has entered into an agreement with the Department of Government Efficiency (DOGE) and the General Services Administration to collaborate with the US Postal […]