#economy
Latest cryptocurrency news and articles about economy. Stay updated with developments, analysis, and insights.
S&P 500 loses $1.5 trillion after Trump threatened new China tariffs
The Dow tanked nearly 900 points on Friday as markets completely flipped after former President Donald Trump threatened fresh tariffs on Chinese goods, accusing China of acting “very hostile” by tight...
Chinese tech companies are choosing Hong Kong over the US for capital raises
Chinese tech companies are raising money in Hong Kong instead of the US, and according to a Goldman Sachs executive, that’s not changing anytime soon. Jacky Leung runs Goldman’s Hong Kong operations a...
Trump accuses China of lies and sabotage, cancels plans to meet Xi
Donald Trump fired off a furious tirade on Truth Social from the Oval Office this morning, accusing China of plotting to strangle the entire global economy by weaponizing its control of rare earths. T...
BREAKING: Tariff Situation Heats Up Again, Donald Trump Makes Unexpected Major Announcement
US President Donald Trump claimed that China was planning export controls on rare earth elements and other production inputs and announced that they were considering increasing customs duties on Chine...
Treasury Secretary Scott Bessent narrows Fed chair search to 5 candidates
Treasury Secretary Scott Bessent has reduced the crowded field for the Federal Reserve chair down to five contenders after a series of long interviews, some running for two hours. The cut from 11 cand...
Malaysia warns of global supply chain disruptions if U.S. ends chip tariff exemptions
Malaysia has warned that removing U.S. tariff exemptions on its semiconductor exports could hurt its global competitiveness and strain interconnected supply networks. The announcement came as the coun...
BLS staff return to office to prepare September CPI despite government shutdown
The Bureau of Labor Statistics (BLS) is pulling staff back from furlough so the September consumer-price index (CPI) can be finished and published, according to the Wall Street Journal. As you may kno...
What Will the Fed Do Without Key Economic Data? Will Rate Cuts Continue? Two Fed Members Speak Out!
The US government shutdown has negatively impacted government agencies. As a result, government employees were furloughed, and the publication of key economic indicators, such as employment and Gross ...
Dollar comeback burns hedge funds’ short FX bets
Betting against the dollar has been the favorite trade of 2025 in the $9.6 trillion-a-day foreign exchange market, but that gamble is being crushed as the greenback climbs to a two-month high. Even wh...
US, Argentina finalize $20 billion swap to stabilize peso reserves
The United States has finalized a $20 billion currency swap agreement with Argentina in one of the Trump administration’s most direct interventions to stabilize a foreign economy since he returned to ...
Special Comments from FED Senior Executive Barr on Interest Rate Cuts and the US Government Shutdown
Fed Board Member Michael Barr has taken a cautious stance regarding inflation and the monetary policy outlook in his recent statements. Barr noted that consumer spending has remained strong since the ...
Germany’s exports to U.S. fall 20% year-on-year as tariffs and strong euro hit trade
Germany recorded a 2.5% month-on-month drop in exports to the U.S. in August to 10.9 billion euros. Data released on Thursday by the Federal Statistical Office (Destatis) also revealed that Germany’s ...