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WEBBusiness Times covers breaking news on business, finance and technology from China and around the world. Read the latest stories on inflation, iPhone 16, antitrust, oil, China-US relations and more.
Kamala Harris Teams Up with Oprah for Campaign Push in …
WEB12 hours ago · Vice President Kamala Harris made a high-profile campaign stop in Michigan on Thursday night, appearing alongside media mogul Oprah Winfrey for an event aimed at energizing voters as the 2024 presidential election nears. The event, titled "Unite for America," was held in front of a live studio audience of more than 400 supporters in Farmington Hills, just outside Detroit, and was livestreamed ...
Oil Prices Surge 2% After Fed Rate Cut as Middle East Tensions …
WEB17 hours ago · Oil prices rose sharply on Thursday, climbing nearly 2%, as the Federal Reserve's unexpected rate cut and escalating tensions in the Middle East fueled market gains. The U.S. central bank's decision to cut interest rates by half a percentage point-the largest cut in over four years-helped global benchmark Brent crude recover from its recent lows. Brent futures rose to $74.79 a barrel, up $1.17 ...
Oil Prices Drop Below $80 Amid China Slowdown and ... - Business …
WEBAug 17, 2024 · Oil prices experienced a significant drop on Friday, falling more than $2 per barrel, with Brent crude dipping below the $80 mark. This decline has set the stage for a weekly loss, driven primarily by renewed concerns over China's economic health, which have overshadowed lingering geopolitical risks in the Middle East.
EU Lowers Tariffs on Chinese-Made Tesla EVs Amid Ongoing …
WEBAug 21, 2024 · The European Commission's draft decision also adjusted tariffs for other Chinese EV manufacturers. BYD, backed by Warren Buffett and a key competitor to Tesla, saw its tariff reduced slightly from 17.4% to 17%. Geely, another major player in the Chinese EV market, will now face a 19.3% tariff, down from 19.9%.
Jobless Claims Edge Up, But Labor Market Remains Robust Amid …
WEBAug 23, 2024 · The U.S. job market continues to show signs of resilience, even as the number of Americans filing for unemployment benefits rose modestly last week. According to the latest data from the Department of Labor, jobless claims increased by 4,000 to a seasonally adjusted 232,000 for the week ending August 17. Despite this uptick, the level of claims remains historically low, reflecting a labor ...
Boeing Workers Strike, Halting 737 MAX Production as Union …
WEB6 days ago · Boeing Co.'s (BA) production of its best-selling 737 MAX jet came to an abrupt halt early Friday as approximately 30,000 unionized workers walked off the job after overwhelmingly rejecting a proposed four-year contract. The strike, the first at the aerospace giant in 16 years, underscores mounting tensions between labor and management amid Boeing's ongoing financial and operational challenges.
Federal Reserve Signals Rate Cuts as Early as September: What It …
WEBAug 21, 2024 · As the U.S. presidential election approaches, the economic landscape is shifting in ways that could significantly influence the outcome. Wall Street economists and financial markets are increasingly betting that the Federal Reserve will begin cutting interest rates as early as September, providing a potential boost to …
August Job Growth Falters as U.S. Private Sector Hiring Hits Lowest ...
WEBSep 6, 2024 · The U.S. private sector experienced its weakest job growth in more than three-and-a-half years in August, a stark indication that the labor market's momentum is faltering. According to a report released Thursday by ADP, private payrolls increased by just 99,000 in August, significantly below the 140,000 jobs anticipated by economists and the smallest gain since January 2021.
Bitcoin Tops $61K with Eyes on Federal Reserve’s Upcoming Rate …
WEBAug 21, 2024 · Bitcoin prices climbed above $61,000 in early European trading on Tuesday, marking a significant recovery after two consecutive sessions of losses. Despite this rise, the market remains volatile, with the Bitcoin Volatility …
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