China's top diplomat Wang Yi met US Secretary of State Antony Blinken in Beijing on Friday. The Chinese official said that ties between Washington and Beijing were "beginning to stabilize" with increased dialogue and cooperation. But Wang also warned that "negative factors" and "disruptions" could threaten relations between the two countries.
(Bloomberg) -- The US Bureau of Labor Statistics inadvertently published Consumer Price Index data 30 minutes early on Wednesday, raising fresh questions about how the agency releases some of the world’s most sensitive economic information.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptUS Inflation Data Was Accidentally Released 30 Minutes EarlyS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Rel
A projected increase to Medicare Part B premiums could eat into the raise considerably, says Mary Johnson, a Social Security and Medicare policy analyst.
(Bloomberg) -- China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptUS Inflation Data Was Accidentally Released 30 Minutes EarlyS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buyi
As the United States intensifies efforts to reduce trade with China by hiking tariffs, it has greatly boosted imports from Vietnam, which relies on Chinese input for much of its exports, data show. The surge in the China-Vietnam-U.S. trade has vastly widened trade imbalances, with the Southeast Asian country last year posting a surplus with Washington close to $105 billion - 2.5 times bigger than in 2018 when the Trump administration first put heavy tariffs on Chinese goods. Vietnam now has the fourth-highest trade surplus with the United States, lower only than China, Mexico and the European Union.
Nick Akerman, Former Assistant US Attorney and Former Watergate Prosecutor, shares his insight on if the appearance of Speaker Mike Johnson, Governor Doug Burgum, and other Republicans attending former President Trump's court hearing calls for a judge to remove them due to potentially intimidating to a witness. Akerman also talks about Michael Cohen's second day of testimony, and states that at this point the case is pretty much over. He speaks with Kailey Leinz and Joe Mathieu on Bloomberg's "Balance of Power."
After decades of paying his dues, this was the last news he expected.
After President Biden repeated an incorrect inflation statistic for the second time, Home Depot legend Ken Langone criticized the "most absurd remark" and called the president a liar.
Joe Biden told Yahoo Finance he thinks China will retaliate to sweeping new tariffs on Chinese imports, but he expects any trade conflict to be manageable.
The Biden administration's new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of U.S. manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them. U.S. officials and trade experts say that without strong efforts to cut off transshipped or lightly processed Chinese goods from Mexico and other countries, China's underpriced excess production will still find its way into U.S. markets.
Ray Dalio, the billionaire founder of hedge fund giant Bridgewater Associates, has warned that the US government’s rising debt levels could hit...