The biggest risk to the global economy no one is talking about
CNN
Nearly 400,000 million people across 45 cities in China are under full or partial lockdown as part of China's strict zero-Covid policy. Together they represent 40%, or $7.2 trillion, of annual gross domestic product for the world's second-largest economy.
Analysts are ringing warning bells, but say investors aren't properly assessing how serious the global economic fallout might be from these prolonged isolation orders.
"Global markets may still underestimate the impact, because much attention remains focused on the Russian-Ukraine conflict and US Federal Reserve rate hikes," Lu Ting, Nomura's chief China economist and colleagues wrote in a note last week.
Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul appeals court on Monday, in a ruling that could remove long-running legal risks that he has faced from criminal cases.
State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire” financial situation after destructive Los Angeles wildfires last month.
The Trump administration’s request for the raw material of a “60 Minutes” segment is raising red flags across the media industry.
The decade-by-decade figures show how much safer commercial airline travel has become in the United States.
The Kansas City Chiefs might make history this weekend, but ticket prices aren’t reflecting that.
The tariff on products imported from Canada will cost Americans 15 cents a gallon or more at the gas pump relatively soon. That’s not as much of a price hike as we could have seen.
Just about everyone thought it was a bluff. Top analysts from the biggest banks on Wall Street said it was highly unlikely. Stocks were trading like it wouldn’t happen. Some companies built contingency plans but they weren’t exactly rushing to make changes.
One of President Donald Trump’s sweeping executive orders has reignited a debate over the future of Alaska’s vast wilderness and resources, sparking deep concern among some environmental groups and Indigenous communities.
Asia markets slumped on Monday after Donald Trump slapped tariffs on Canada, Mexico and China, sparking fears that another bruising ‘America First’ trade war that could hit global growth.
President Donald Trump says he will impose his tariffs over the weekend, gambling that taxing American companies for imported goods will ultimately punish the countries that make stuff Americans want — and bring those nations to the negotiating table. But it’s a risky bet that could easily backfire on American consumers and the economy.
US stock market futures were tending down Sunday, one day after President Donald Trump announced 25% tariffs on Canada and Mexico and 10% tariffs on China.
President Donald Trump has frequently quipped that “we don’t need” products from Canada.
President Donald Trump is on the verge of hitting America’s three biggest trading partners with sweeping tariffs, a far more aggressive use of his favorite economic weapon than anything he did during his first term.