Fed Now Facing Twin Inflation, Growth Risks As Virus Jumps And Supply Chains Falter
Economy
Japan Continues To Struggle To Build Its Way Form Under Pandemic
-
U.S. Retail Sales Unexpectedly Rebound In Boost To Economic Growth
"U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services. -
China's Economic Recovery Loses Some Steam, Investors Eye More Policy Easing
"China's economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and new COVID-19 outbreaks, as expectations build that policymakers may have to do more to support the recovery.
The Latest
-
Fed delivers third large rate hike to tame inflation and signals more this year
The Federal Reserve raised its target interest rate again on Wednesday in an effort to squash high inflation that has surged to the highest in 40 years, saying rates are going to go sharply higher before the end of the year. 
-
YouTube Introduces Ad Revenue Sharing For Shorts, Its TikTok Competitor
YouTube has finally introduced a new feature that lets short-form video creators earn some income while making short videos for its TikTok competitor, Shorts. 
-
Asia’s Developing Economies Growing Faster, Even Surpassing China’s Growth: ADB
Experts believe that Asian countries will overtake China in terms of economic growth in 2022 and 2023. 
-
Australian Gas Producer Distributes Record Six-Month Payout On Soaring Gas Prices
Woodside, one of the world's biggest independent oil and gas producers, paid a dividend of $1.09 per share. 
-
Unemployment Outlays In China Surged To $5.45 Billion In June
The challenging labor market increased compensation to people and businesses. 
-
Elon Musk's Statements Are 'Factually Inaccurate,' According To Twitter
The social media company responds to Musk's accusations in a countersuit. 
-
China Fines Didi $1.2 Billion For Breaking Data-Security Laws Following A Yearlong Probe
The Cyberspace Administration of China said it fined Didi 8.026 billion yuan ($1.19 billion) after deciding the company violated China’s network security law, data security law and personal information protection law. 
-
Oil Prices Shoot Up On Tight Supply Issues, Russia Sanctions And Unrest In Libya
A strong U.S. dollar affects commodities markets, particularly crude oil prices. 
-
Singapore Considering Indonesia As Poultry Source After Malaysia Restriction
Indonesia's Ministry of Trade claimed an overstock of chicken before the outbreak. 
-
Netflix Begins Trimming Staff As Subscribers Leave Streaming Platform
About 150 Netflix employees have been laid off, most of them in the U.S. 
