An employee works on a carbon fiber production line at Zhongfu Shenying in Lianyungang, China’s eastern Jiangsu province on July 31, 2025. Str | Afp | Getty Images China’s factory activity gathered speed in January, according to a private survey released Monday, as manufacturers accelerated production and front-loaded shipments ahead of the extended Lunar New…
Guests at the Fendi Dallas Highland Park Village Boutique in Dallas, Texas. Rick Kern | Getty Images Entertainment | Getty Images In today’s K-shaped economy, lower-income consumers headed out to shop may be hitting Dollar General or a post-bankruptcy Big Lots, but affluent Americans are increasingly headed for the shopping center private club. Membership clubs are…
India’s government plans a modest improvement in its fiscal picture in the coming financial year, with reductions in the fiscal deficit and debt, while boosting manufacturing in sectors ranging from textiles to chips. Finance Minister Nirmala Sitharaman, in her ninth consecutive budget speech, said on Sunday that the government sees its fiscal deficit falling to…
In his first stint at the Federal Reserve, Kevin Warsh came to a central bank that was about to be asked to save the world. He returns now under very different circumstances, asked to serve a notoriously fickle president who will place significant but very different demands on him. Warsh indeed is a Fed veteran,…
The gap between the best and worse off Americans is growing — and economists don’t see an end in sight. The “K-shaped” economy has been top of mind for consumers, corporate leaders, policymakers and investors since the Covid pandemic drastically reshaped Americans’ financial habits almost six years ago. Economists now warn that this two-speed economic…
President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade of criticism against the Powell-led…
BEIJING, CHINA – NOVEMBER 6: Women wearing Qing Dynasty-style costumes take photos inside the Forbidden City on November 6, 2025, in Beijing, China. Cheng Xin | Getty Images News As Chinese households remain reluctant to spend on big-ticket goods, Beijing is leaning on a new lever to revive consumption: experiences and everyday services. China’s cabinet…
U.S. President Donald Trump speaks in the Oval Office at the White House on Jan. 29, 2026 in Washington, DC. Samuel Corum | Getty Images President Donald Trump said Thursday that he will be naming his pick Friday for the new Federal Reserve chair. Speaking at the premiere for “Melania,” the film about first lady…
US President Donald Trump greets Britain’s Prime Minister Keir Starmer during a summit on Gaza, Egypt, in Sharm el-Sheikh on Oct. 13, 2025. Evan Vucci | Afp | Getty Images U.S. President Donald Trump on Thursday reportedly warned the U.K. that it would be “very dangerous” for the country to do business with China, after…
Britain’s Prime Minister Keir Starmer addresses a business delegation following his arrival to China, at a hotel in Beijing on January 28, 2026. Carl Court | Afp | Getty Images After years of strained ties, China and the U.K. on Thursday pledged to develop a long-term strategic partnership following a high-stakes meeting between Chinese President…
