The Delta variant has hit China's economy hard. Now a property crunch is looming
CNN
China's dramatic steps to contain the coronavirus this summer have taken a toll on consumer confidence in the country and are fueling concerns about the strength of the world's second largest economy.
Retail sales struggled in August, increasing just 2.5% compared to a year earlier, according to government statistics released Wednesday. That was much weaker than expected and a dramatic slowdown from the 8.5% uptick recorded in July.
Chinese authorities attributed the slower growth to Covid-19 outbreaks and flooding, which stopped people from traveling and caused them to hold off on "summer holiday spending," according to Fu Linghui, a spokesman for the National Bureau of Statistics, who spoke Wednesday at a press conference in Beijing.
A coffee shop in Middleborough, Massachusetts, went viral overnight for offering free coffee to customers who entered the shop while dancing.
President-elect Donald Trump’s promise to further restrict immigration and roll out “mass deportations” has not been finalized, but the specter of looming policy changes is already reverberating throughout the US job market.
A recent lawsuit alleges Linda McMahon, who President-elect Donald Trump tapped to lead the Department of Education, knowingly enabled the sexual exploitation of children by a World Wrestling Entertainment (WWE) employee as early as the 1980s — allegations she denies.
Months into President Donald Trump’s first term in the White House, his Justice Department sent shockwaves through the media industry by suing to block AT&T’s takeover of CNN owner Timer Warner.
Social Security is by far one of the most popular government programs in the United States because it is critical for so many retirees’ financial security.
The US government formally proposed a partial breakup of Google on Wednesday, urging a federal judge to force a sale of the company’s Chrome web browser after a landmark ruling this year finding that Google had violated US antitrust law with its search business.
Indian billionaire Gautam Adani and other executives were indicted in New York for roles in a multi-billion-dollar fraud scheme, the US Department of Justice said Wednesday.
Europe could soon be welcoming a wave of well-heeled Americans, as Democratic voters facing the prospect of another Donald Trump presidency eye refuges abroad.
Comcast just jump-started a new season of major change across the television industry. And no one quite knows what will happen next.
Sheetz, the gas station and convenience store chain, is slashing prices at some of its pumps ahead of the busy Thanksgiving travel period.
Target is expecting a surprisingly weak holiday shopping season, a warning sign for the retail industry.