News
South Korea Overtakes U. S. in Cosmetics Exports After K-Beauty Sales Hit Record $11. 4 Billion
10+ hour, 19+ min ago (393+ words) South Korea surpassed the United States in cosmetics exports for the first time in 2025, as global demand for K-beauty products drove overseas sales to a record $11. 4 billion, according to data released Saturday by South Korea's Ministry of Food and Drug…...
China Retail Sales Collapse to Weakest Growth Since 2022 as Consumer Spending Stalls
5+ day, 2+ min ago (388+ words) China's economy lost momentum sharply in April as retail sales posted their weakest growth since late 2022 and factory output slowed more than expected, adding pressure on Beijing as officials struggle to revive consumer confidence, stabilize the property sector and shield…...
China Meets 5% Growth Target on Export Surge but Property Crash and Weak Consumption Persist
4+ mon, 4+ day ago (345+ words) China's export push drove the country's trade surplus to a record $1. 2 trillion, up 20% from 2024and roughly equivalent to the size of a top-20 global economy such as Saudi Arabia. Shipments to the United States fell by about 20%, but exports surged to…...
U. S. GDP Surges 4. 3% in Third Quarter as Consumer Spending and Exports Power Growth
5+ mon, 9+ hour ago (450+ words) The U. S. economy expanded at a sharply faster pace than expected in the third quarter, according to a long-delayed government report that underscored the resilience of consumer spending even as inflation pressures intensified and economic momentum showed signs of uneven distribution....
Fed Chair Powell Warns Trump Tariffs Are Driving Inflation Above 2% and Threatening Job Growth
5+ mon, 1+ week ago (426+ words) "It's really tariffs that are causing the most of the inflation overshoot," Powell said, according to the official Federal Reserve transcript. His remarks underscored how trade policy has begun to interfere directly with the Fed's dual mandate, creating economic trade-offs…...
Mortgage Rates Jump to 6. 32% Ahead of Fed Meeting as Treasury Yields Rise and Buyers Face Renewed Squeeze
5+ mon, 1+ week ago (650+ words) Mortgage rates climbed to 6. 32% on Monday, surprising prospective homebuyers just one day before the Federal Reserve begins its final policy meeting of 2025. The jump, reported by The Mortgage Reports, lifted the average 30-year fixed rate by five basis points to…...
China's Trade Surplus Tops $1. 08 Trillion as Exports Rise 5. 9% Despite U. S. Shipments Plunging 29%
5+ mon, 2+ week ago (280+ words) China's exports rebounded sharply in November, rising 5. 9% year-over-year to $330. 3 billion and pushing the country's trade surplus above $1 trillion for the first time, even as shipments to the United States plunged nearly 29%, according to customs data released Monday. The figures underscore…...
U. S. Consumer Confidence Falls 6. 8 Points to April Low as Job Concerns Surge, Fed Rate Cuts Expected
5+ mon, 4+ week ago (669+ words) U. S. consumer confidence continued to deteriorate in November as households increasingly worried about job security, inflation and the broader economic outlook, according to new data from the Conference Board. The Consumer Confidence Index fell to 88. 7, its lowest reading since April, marking…...
U. S. Layoff Announcements Jump 175% in October as AI Adoption and Cost Pressures Mount
6+ mon, 2+ week ago (510+ words) Layoff announcements in the United States surged in October, reaching their highest level for the month in more than two decades as companies continue to adjust to slowing economic activity and rapid technological change. The report, released by outplacement firm…...
China'Japan Tensions Wipe Out Billions in Travel Stocks as Nasdaq, Nikkei Slide
6+ mon, 5+ day ago (528+ words) Nasdaq travel stocks fell sharply this week as rising geopolitical tensions between China and Japan rattled global tourism markets and triggered a broader pullback across travel-related shares. The selloff began after Japanese Prime Minister Sanae Takaichi warned that a military…...