Taipei CNN — China has started three days of military exercises around Taiwan after the island’s president met the US House Speaker in defiance of repeated threats by Beijing. The exercises, dubbed “United Sharp Sword,” have been denounced by Taiwan. China sees Taiwan as its own territory and has not ruled out using force to […]
CNN — China has slapped sanctions on two American organizations that hosted Taiwan’s President Tsai Ing-wen during her recent travel in the United States, which Beijing had fiercely condemned. China’s Ministry of Foreign Affairs announced Friday the Washington-headquartered think tank Hudson Institute and the Ronald Reagan Presidential Library in California would be banned from any […]
Minneapolis CNN — The US labor market has kept trucking right along even as other areas of the economy have slowed. But that once high-octane ride is showing some signs of wear and tear amid the Federal Reserve’s yearlong efforts to cool inflation by suppressing demand. Job cuts are mounting, hiring activity is losing momentum, […]
New York CNN — Millions of jobs could be on the chopping block this year, as the Federal Reserve continues its rate-hiking campaign to tame inflation. But the effects of that action likely won’t reverberate evenly across the economy. The Fed has seen some success: Inflation has cooled for eighth consecutive months, according to the […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Americans have grown used to corporate executives treading the well-worn paths of the Northeast […]
CNN — The US has bolstered its military forces in the Middle East following a series of attacks on US troops in Syria attributed to Iranian-affiliated militias, the Pentagon said Friday. A squadron of A-10 attack aircraft are deploying to the region ahead of a scheduled deployment. The deployment of the attack aircraft was expedited […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — It cost the Federal Deposit Insurance Corporation about $23 billion to clean up the […]
Inflation is ravaging shoppers’ wallets and the Federal Reserve has responded by instituting a regimen of painful interest rate hikes that could land the economy in a recession. But corporate profits are surging. US profit margins have reached record levels not seen since the immediate aftermath of World War II. Source link
Hong Kong CNN — For the past decade, China has lent massive sums to governments across Asia, Africa and Europe, growing its global influence through infrastructure megaprojects and becoming one of the world’s biggest creditors. Now, a new study says Beijing has also become a major emergency rescue lender to those same countries, many of […]
New York CNN — America’s biggest companies rushed to strengthen their gun safety policies after the mass shooting at a high school in Parkland, Florida, in 2018. Dick’s Sporting Goods stopped selling semi-automatic, assault-style rifles at stores. Citigroup put new restrictions on gun sales by business customers. A year later, after mass shootings at a […]
