economy
The Latest
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Beijing Overtakes Shanghai As China's Top Currency Trading Hub
A report from the State Administration and Foreign Exchange indicated a significant decline in currency deals in Shanghai last month. 
A report from the State Administration and Foreign Exchange indicated a significant decline in currency deals in Shanghai last month. -
Lockdowns Impact China's Economy, Causing A Steep Decline In April
China produced 11% less crude oil in April compared to a year ago. 
China produced 11% less crude oil in April compared to a year ago. -
Protests Erupt In Iran As Prices Of Food Skyrocket
Iranians took to the streets after the government suspended food subsidies amid skyrocketing food prices. 
Iranians took to the streets after the government suspended food subsidies amid skyrocketing food prices. -
Bitcoin Dips Below $30,000 As Crypto Downward Trend Continues
Bitcoin was trading as low as $29,996 per coin Monday evening before recovering slightly to $30,442 per coin. 
Bitcoin was trading as low as $29,996 per coin Monday evening before recovering slightly to $30,442 per coin. -
U.S. Truckers Struggling With Record-High Diesel Prices
The national average price of diesel surged to $5.296 per gallon over the weekend, nearly 4.3% higher compared to the previous week. 
The national average price of diesel surged to $5.296 per gallon over the weekend, nearly 4.3% higher compared to the previous week. -
Economic Leaders Walkout Of G-20 Meeting To Protest Russian Presence
Treasury Secretary Janet Yellen led the walkout when Russian Finance Minister Anton Siluanov began to speak at the meeting. 
Treasury Secretary Janet Yellen led the walkout when Russian Finance Minister Anton Siluanov began to speak at the meeting. -
Oil Prices Dip Amid China Lockdowns And Strategic Reserve Release
The decrease in demand in China and the planned release of oil reserves have caused oil prices to dip for the second straight week. 
The decrease in demand in China and the planned release of oil reserves have caused oil prices to dip for the second straight week. -
Inflation Forces Americans To Reduce Their Spending
More than three-quarters of Americans fear that rising prices will force them to reconsider their financial decisions in the coming months. 
More than three-quarters of Americans fear that rising prices will force them to reconsider their financial decisions in the coming months. -
Deutsche Bank First To Forecast U.S. Recession
Deutsche Bank forecasted that the U.S. is heading for a recession, which could hit late 2023. 
Deutsche Bank forecasted that the U.S. is heading for a recession, which could hit late 2023. -
Soaring Gas Prices Are Changing U.S. Consumers' Behavior
The average household could lose up to $2,000 as a result of the increase in gas prices. 
The average household could lose up to $2,000 as a result of the increase in gas prices.
