In an address to major global business leaders, Chinese President Xi Jinping urged foreign investors to have faith in China's business prospects, the latest move to revive the world's second-largest economy that has been dragged down by a property bust and a loss of...
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Consumer sentiment worsens as inflation fears grow, University of Michigan survey shows
The closely watched survey showed a reading of 57.0 for the month, down 11.9% from February and 28.2% from a year ago.
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Core inflation in February hits 2.8%, higher than expected; spending increases 0.4%
The PCE price index was expected to increase 0.3% in February while spending was projected to rise 0.5%.
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Core inflation in February hits 2.8%, hotter than expected; spending increases 0.4%
The PCE price index was expected to increase 0.3% in February while spending was projected to rise 0.5%.
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US Car Industry Stunned by Tariffs Meant to Save it
The 25 percent tariffs on automobiles announced by President Donald Trump are meant to revitalize American industry, but Detroit's giants were stunned Thursday by their scale and faced a beating on Wall Street.
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#RecessionIndicator: Young Americans are losing confidence in the economy — and it shows online
Young people are finding humor in what they see as indicators in everyday life of a forthcoming economic slowdown. "I feel like Chicken Little," one said.
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