WASHINGTON (Reuters) -U.S. federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending legislation and tariffs, a budget watchdog said on Wedne

Total expenditure rose 9.3% to 21.5 trillion yuan ($3 trillion) in the first seven months of 2025 from a year ago, according to Bloomberg calculations based on data released by the Finance Ministry on Tuesday. Faster fiscal stimulus — which includes ever

BEIJING (Reuters) -China's exports of rare earth magnets hit a six-month high in July, marking a persistent recovery in the flow of critical minerals used in electric vehicles and wind turbines after a Sino-U.S. trade deal. Exports in July from the world

Remedies to curtail longstanding overcapacity in lower-value parts of the industry are likely within the next month, according to people familiar with the matter. Under the measures proposed, petrochemicals facilities over 20 years old — or about 40% of

WELLINGTON (Reuters) -New Zealand's central bank cut its benchmark official cash rate by 25 basis points to a three-year low of 3.00% on Wednesday, as policymakers sought to revive a struggling economy and buffer it from external headwinds. The decision

President Lu Weibing shed more light on the company’s expansion plans after reporting a 31% rise in quarterly revenue, riding the successful launch of its second EV over the summer. Xiaomi has previously described ambitions to go global, though it’s neve

These two restaurant stocks have plenty of long-term growth potential.

Japan's exports dropped for a third straight month in July, government data showed on Wednesday, as U.S. tariffs continued to weigh on manufacturers, raising concerns about the outlook for the country's export-reliant economy. Imports in July dropped 7.5

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In a letter to President Donald Trump dated Tuesday, he urged the administration to reach a deal with China to remove duties and, if possible, include significant soybean purchases. “US soybean farmers cannot survive a prolonged trade dispute with our la

Orphe Divounguy, Zillow Senior Economist, says affordability remains a challenge even as buyers gain more leverage amid a weaker labor market. He tells Romaine Bostick and Scarlet Fu on \\

Investors are eyeing Target earnings and Fed minutes for clues to tariff impacts and interest rates.

WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday that Federal Reserve Chair Jerome Powell is \\

Adam Posen, President of the Peterson Institute for International Economics, discusses the global impacts President Trump's tariffs will have on the economy as the President widens the metal tariffs to target additional consumer products. Posen also talks

Jabil (JBL) reached $206.1 at the closing of the latest trading day, reflecting a -4.43% change compared to its last close.