Economic News

(Bloomberg) -- China’s $1 trillion sovereign wealth fund is restructuring how its decides on international investments as it tries to boost efficiency and make better progress on a...

By Geoffrey Smith  Investing.com -- China’s economy grew faster than expected in the fourth quarter, allowing it to post growth of 2.3% for the whole of 2020. Joe Biden plans to...

(Bloomberg) -- Price growth in Europe’s largest economy is likely to be “clearly positive” this month for the first time in half a year, according to the Bundesbank. After the...

(Bloomberg) -- The U.S. government notified several of Huawei Technologies Co.’s suppliers that it’s revoking their licenses to work with the Chinese company and rejecting other...

By Noreen Burke Investing.com -- Joe Biden will be inaugurated as the 46th president of the United States on Wednesday with investors waiting to see how his plans for stimulus...

(Bloomberg) -- Federal Reserve Bank of Boston President Eric Rosengren said President-elect Joe Biden’s request for $1.9 trillion in economic relief is needed as growth shows signs...

(Bloomberg) -- Times Square is quiet, Broadway is dark, offices are empty. As New York City staggers though January, the cost of this pandemic, both in lives and livelihoods, just...

By Geoffrey Smith  Investing.com -- Earnings season kicks off with JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) all due to release their...

(Bloomberg) -- President-elect Joe Biden’s $1.9 trillion Covid-19 relief plan is designed to both pump money into the economy and contain the coronavirus pandemic. The plan...

(Bloomberg) -- The Trump administration blacklisted Chinese smartphone manufacturer Xiaomi (OTC:XIACF) Corp. for its military links along with the country’s third-biggest oil...

By Yasin Ebrahim Investing.com – Federal Reserve Chairman Jerome Powell said the central bank would allow the labor market to run hot and inflation to move above its 2% target over...

(Bloomberg) -- A gauge of U.S. consumer sentiment dropped last week to a six-month low as Americans’ ratings of their personal finances returned to levels not seen since the...

(Bloomberg) -- Joe Biden’s White House economic team is adding two officials with experience working to close the U.S. racial wealth gap as the president-elect prepares to roll out...

By Geoffrey Smith  Investing.com -- President-elect Joe Biden will present details of his plans to support the economy through the pandemic, while Federal Reserve chairman Jerome...

(Bloomberg) -- The island nation of Palau says a tanker that recently loaded Venezuelan crude was using a false signal to disguise its identity, potentially putting the Pacific...

(Bloomberg) -- Incoming Senate Majority Leader Chuck Schumer has pressed President-elect Joe Biden to propose more than $1.3 trillion in spending for his initial round of Covid-19...

By Geoffrey Smith  Investing.com -- Donald Trump is set to become the first U.S. president in history to be impeached twice. The dollar’s upward correction stalls after a strong...