September saw a surprising boost in retail sales, rising 0.4% compared to the previous month. This bump was even better than the experts' guesses. And guess what? People are buying way more stuff than just cars: those sales jumped 0.5%. Even factors like inflation barely made a dent when you look at
The race for Ohio's Senate seat is heating up as Republican candidate Bernie Moreno challenges Democratic incumbent Sherrod Brown. Moreno argues that Ohioans have been "hoodwinked" by Brown and promises a different approach if elected. With a business background, Moreno vows to serve only two terms
Former President Donald Trump is set to speak with Bloomberg Editor-in-Chief John Micklethwait at the Economic Club of Chicago on Tuesday. The event, initially planned for 11 a.m. CT, has been pushed back to 11:45 a.m. CT. Trump's main message revolves around inflation, promising that if reelected,
As former President Donald Trump continues to promote his business skills, Vice President Kamala Harris emerges as a better choice for small businesses. Her plans address the challenges entrepreneurs face today. One key proposal is to increase the tax deduction for new small businesses from $5,000 t
Meet the economists Daron Acemoglu, Simon Johnson, and James Robinson - they just won the Nobel Prize for their fascinating work on global economic inequality. These guys are from MIT and the University of Chicago, but none of them were born in the US. They've been looking into how colonialism shape
On Monday, Asian shares took an upward leap, with Chinese stocks soaring over 1% after the finance minister hinted at more economic support. While U.S. futures remained steady and oil prices dipped, investors worldwide held their breath for more details on China's new stimulus plan. Experts believe
China has been trying to revive its economy by offering support to the struggling property sector and local governments with heavy debt loads. However, recent updates from Finance Minister Lan Fo’an have left economists scratching their heads. They're wondering if the government is truly committed t
Lately, China's economy hasn't been having the smoothest ride. After the government released a stimulus package, the Shanghai and Hong Kong stock markets took a dive. Why? Because investors felt the measures didn't hit the mark. All this is happening while youth unemployment is high, prices are risi
China's Finance Minister, Lan Fo'an, recently suggested that there's room for more economic stimulus, but he didn't reveal any specific plans. This could mean new steps to boost the economy in the future, but what those might be is still a mystery. China's economy hasn't been doing great even after
China's Finance Minister, Lan Fo’an, hinted at possible economic boosts on Saturday but didn't reveal any concrete plans. This comes after the economy's slow recovery from COVID-19 restrictions lifted in late 2022. Companies are cautious, cutting back on jobs and pay, while a struggling property mar
