Setting his eyes on the next 100 years, Xi seizes the chance to lead China to greater power
Xi Jinping, general secretary of the Communist Party of China CPC Central Committee, Chinese president and chairman of the Central Military Commission, delivers an important speech at a ceremony marking the 100th anniversary of the founding of the CPC in...
Job growth likely will look stronger in June report as companies scramble to find workers
A ‘Hiring All Positions’ sign is displayed at a pastry shop on June 23, 2021 in Los Angeles, California. Mario Tama | Getty Images June jobs growth is expected to outpace May and more Americans rejoined the workforce, even as...
Chinese electric car start-up Li Auto delivers over 1,000 more cars than Xpeng in June
Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC BEIJING — U.S.-listed electric car start-up Li Auto...
Epic housing shortage may finally be starting to lift, as surprising number of new listings hit market in June
A for sale sign is seen near a house for sale in South Pasadena, California. Frederic J. Brown | AFP | Getty Images The epic housing shortage that began before the pandemic and then was exacerbated by it may finally...
U.S. deficit will total $3 trillion in fiscal 2021, budget panel says
The federal government will be swimming in $3 trillion of red ink by the end of fiscal 2021, according to a Congressional Budget Office estimate released Thursday that swelled 33% from the last forecast. As a result of multiple stimulus...
Robinhood has 18 million accounts with $80 billion in assets after rapid growth, IPO filing shows
Robinhood Markets filed for one of the most anticipated initial public offerings of the year on Thursday, revealing rapid growth resulting in 18 million retail clients and more than $80 billion in customer assets. Unlike many recent IPOs, Robinhood was...
130 nations agree to support U.S. proposal for global minimum tax on corporations
U.S. Treasury Secretary Janet Yellen speaks during a news conference, after attending the G7 finance ministers meeting, at Winfield House in London, Britain June 5, 2021. Justin Tallis | Reuters WASHINGTON – Treasury Secretary Janet Yellen announced Thursday that a...
Weekly jobless claims total hits new pandemic-era low of 364,000
Initial filings for unemployment insurance fell sharply last week, indicating continued improvement in the U.S. jobs market, the Labor Department reported Thursday. First-time jobless claims totaled 364,000 for the week ended June 26, compared with the 390,000 Dow Jones estimate....
This market trend suggests a weak summer, but Ally Invest has a message for investors: Don’t get discouraged
Despite an upbeat market forecast for the year’s second half, Ally Invest’s Lindsey Bell has a warning for the next few months. Bell finds the third quarter is usually the weakest time of the year, up 0.7% on average since...
The biggest threat to Biden’s hot economy could be his own policies
U.S. President Joe Biden delivers remarks highlighting the benefits of Bipartisan Infrastructure Framework, at La Crosse Municipal Transit Utility, in La Crosse, Wisconsin, U.S., June 29, 2021. Kevin Lamarque | Reuters Halfway through 2021, and about six months into the...