China Responds to U.S.-Led Naval Exercises with New Military …
WEB14 hours ago · China has consistently pressed its claims over the South China Sea and the Taiwan Strait, leading to frequent confrontations with U.S. and allied forces. Australian Foreign Minister Penny Wong, speaking at the United Nations General Assembly, reiterated Australia's position that peace and stability in the South China Sea are crucial.
Boeing Strike Enters Third Week, No Contract in Sight as Workers …
WEB1 day ago · The machinists' union members will start receiving strike pay in the third week of the strike, with union members receiving $250 per week until a new contract is reached. Much of that strike pay comes from the IAM Grand Lodge, with an additional $50 provided by District 751. As federal mediation continues, Boeing workers have garnered support ...
Business Times - Business & Financial News, China & International ...
WEBThe U.S. Department of the Treasury revealed that, as of last Friday, the federal debt has surpassed $34 trillion, setting a new record. This amount equals 1.2 times the U.S. GDP. Moreover, this milestone was reached faster than expected. The Congressional Budget Office had forecasted this debt level wouldn't be hit until the fiscal year 2029.
China to Unveil $284 Billion Bond Issuance in Major Push to Revive ...
WEB2 days ago · China is set to issue $284 billion in special sovereign bonds this year, marking a significant move aimed at reviving its sluggish economy and countering deflationary pressures. According to Reuters, the Ministry of Finance (MOF) plans to issue two separate tranches of sovereign bonds: one for 1 trillion yuan ($142 billion) to stimulate ...
Congress Averts Shutdown but Faces December Showdown Over …
WEB2 days ago · As the U.S. Congress narrowly avoided a government shutdown this week, lawmakers now face the prospect of another looming funding crisis just before the Christmas holiday. The stopgap measure passed by both the House and Senate on Wednesday will keep federal operations running through Dec. 20, but it sets the stage for a potential budget showdown during the final weeks of the year.
Global Stock Surge Fueled by Chinese Stimulus as Oil Prices Drop, …
WEB2 days ago · Global markets surged on Thursday, led by a rally in Asian stocks after China announced aggressive economic stimulus measures aimed at bolstering its slowing economy. European equities followed suit, with the Stoxx 600 index jumping 1%, inching closer to an all-time high set in August. Chinese onshore blue chips and Hong Kong's Hang Seng Index also saw gains of over 4%, driven by renewed ...
U.S. Economy Surges at 3% Growth in Second Quarter Amid …
WEB2 days ago · The U.S. economy grew at an annualized rate of 3% in the second quarter of 2024, continuing its steady expansion in the face of high interest rates, according to the latest figures from the Bureau of Economic Analysis. The third estimate of second-quarter gross domestic product (GDP), released on Thursday, confirmed the earlier reading, showing a stronger-than-expected performance despite ...
Gold Prices Surge to Record Highs as Investors Anticipate Further …
WEB3 days ago · Gold prices soared to unprecedented levels this week, reflecting heightened investor anxiety over the health of the U.S. economy and expectations of further interest rate cuts by the Federal Reserve. The most actively traded gold futures contract reached a record $2,687.30 per ounce on Tuesday before retreating slightly, marking a roughly 30% increase since the beginning of the year.
Fed Rate Cut Could Mark the End of an Economic Era as U.S. Faces ...
WEBSep 16, 2024 · A 25 basis point cut would bring the Fed's target rate to a range of 5.0% to 5.25%, while a more substantial 50 basis point reduction would lower it to 4.75% to 5.0%. The uncertainty surrounding this decision has created a tense atmosphere in financial markets, with investors keenly focused on how the …
Boeing Offers 25% Pay Hike in Historic Deal to Avoid Strike as …
WEBSep 10, 2024 · The proposed contract falls short of the union's initial demand for a 40% pay increase, but negotiators are nonetheless championing the deal as a significant victory. In addition to the 25% wage hike, the agreement includes $3,000 lump-sum payments for each covered employee, improved health insurance …