Economic Trends

The Best for News, Sport, Showbiz, Celebrities

The Best for News, Sport, Showbiz, Celebrities

With access to the US curtailed, Chinese manufacturers have shown they aren't backing down: Indian purchases hit an all-time high in August, shipments to Africa are on track for an annual record and sales to Southeast Asia have exceeded their pandemic-era peak. Indian authorities have received 50 applications in recent weeks for investigations into goods dumping from nations including China and Vietnam, according to a person familiar with the matter who asked not to be identified as the information isn’t public. Indonesia’s trade minister pledged to monitor a deluge of goods, after viral videos of Chinese vendors touting plans to export jeans and shirts for as little as 80 US cents to major cities caused an outcry.

Powell on Tuesday noted that asset prices, a category that typically includes stocks and other risk instruments, are at elevated levels.

In a world where most people tend to make financial decisions in isolation, practicing "financial intimacy" with friends can help strengthen those relationships, one expert said.

The soaring cost of cars and insurance is pushing millions of Americans to the financial brink. Wall Street is nervous that could trigger a recession.