economy
As the US delegation looked to the annual springtime gathering of finance chiefs in Washington this week, they hoped to use the confab to put pressure on China to steer clear of dumping exports on world markets. Treasury Secretary Janet Yellen and colleagues were also . . .
Manila, Philippines – Against a backdrop of rising tension in the South China Sea between Beijing and Manila, the leaders of Japan, the Philippines and the United States have forged an unprecedented level of cooperation to counter China. But while US President Joe Biden and Japan’s Prime Minister Fumio Kishida have stressed the security aspects […]
The U.S. economy has avoided a recession so far but the risk of a deeper economic downturn still looms, according to financial analyst Gary Shilling. Take U.S. small businesses as one of the “normal harbingers of recessions, [such as] the yield curve, the leading indicators,” Shilling said. “Small businesses are very sensitive to economic conditions […]
10:02 a.m. ET, April 5, 2024 Most countries would love to have this economy. Why don’t Americans feel better about it? From CNN’s David Goldman A customer shops at a grocery store on February 13 in Chicago, Illinois. Scott Olson/Getty Images The US job market is on fire. With 39 straight months of job growth, […]
The US economy added more jobs than expected in March while the unemployment rate ticked lower, underscoring signs the labor market remains on stronger footing than many economists had predicted. Data from
US treasury secretary says market-based reforms will aid world’s second largest economy. United States Treasury Secretary Janet Yellen has warned that China is too large to try to export its way to rapid growth and would benefit by reducing excess industrial capacity that is pressuring other economies. Yellen said on Friday during a visit to […]
Huang Jingwen/Xinhua/AP Chinese leader Xi Jinping meets with US CEOs and academics at the Great Hall of the People in Beijing on March 27, 2024. Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter
London/New York CNN — The bridge collapse that has indefinitely halted the flow of ships in and out of the Port of Baltimore could hurt the local economy, strain supply chains and scramble deliveries along the US East Coast . . .
After a pandemic-fueled roller coaster, the U.S. economy is finally steadying. Four years ago this week, the first wave of what would grow to be 20 million job losses set in, although most Americans were more terrified of catching a new, very transmissible, and sometimes fatal, virus. Toilet paper was nowhere . . .
President Joe Biden delivered last year’s State of the Union address before a joint session of Congress at the U.S. Capitol on Feb. 7, 2023. Ahead of this year’s address, Americans are focused the economy, immigration and conflicts abroad. (Win McNamee/Getty Images) President Joe Biden will deliver his third State of the Union address on […]