China producer prices turn negative in warning sign for global economy

China producer prices turn negative in warning sign for global economy

SINGAPORE – Prices charged by Chinese companies at the factory gate registered their first annual decline in nearly two years, another depressing signal for the global economy, as bulging inventories and cautious consumers in the West hit overseas demand for Chinese-made goods. Chinese producer prices fell 1.3% in October from a year earlier, the National … Read more

Consumer confidence is near the lowest in a decade, and that could be a problem for Biden

Consumer confidence is near the lowest in a decade, and that could be a problem for Biden

U.S. President Joe Biden speaks during a DNC rally in Miami Gardens, Florida, U.S., Tuesday, Nov. 1, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Anxiety over the cost of living and the direction of the economy could prove costly for President Joe Biden and his fellow Democrats in Tuesday’s election. Recent surveys show … Read more

Treasury chief Janet Yellen heads to India as US seeks to deepen ties

Treasury chief Janet Yellen heads to India as US seeks to deepen ties

Treasury Secretary Janet Yellen’s trip to India this week will be the latest attempt by the Biden administration to look past the new power’s longstanding ties to Russia and deepen a relationship it hopes will serve as a counterweight to China. The US has changed its approach to India since the invasion of Ukraine began, … Read more

Airbnb details Roadmap to lower cloud costs

Airbnb details Roadmap to lower cloud costs

Moving by Airbnb Inc. lowering its cloud storage costs in the run-up to its December 2020 IPO has made it better prepared for the possibility of an economic downturn, the home-sharing company said. Analysts say its efforts offer a template for other companies looking to get a handle on spending as more IT shifts to … Read more

Asia-Pacific shares are mostly rising ahead of the US midterm elections

Asia-Pacific shares are mostly rising ahead of the US midterm elections

Bank of Japan headquarters in Tokyo, Japan Tomohiro Ohsumi | Bloomberg | Getty Images Asia-Pacific shares were mostly trading higher early on Tuesday morning as investors digested the Bank of Japan’s summary of statements and looked ahead to the US midterm elections. That Nikkei 225 in Japan rose 1.39% and the Topix was also 1.32% … Read more

Dow rises to start the week as investors await midterm elections and inflation report

Dow rises to start the week as investors await midterm elections and inflation report

The Dow Jones Industrial Average rose on Monday as a busy week kicked off with midterm congressional elections and key inflation numbers on deck over the next few days. The Dow traded higher by 259 points, or 0.8%, while the S&P 500 rose 0.3%. The Nasdaq Composite rose 0.3% and traded between gains and losses … Read more

Amazon sweetens prime deals like grow stalls

Amazon sweetens prime deals like grow stalls

Amazon.com Inc.’s The move to greatly expand its music catalog for Prime members aims to give the popular subscription program a boost, along with rivals like Walmart Inc. WMT 0.18% has achieved faster delivery times and added new features to subscriptions. The tech giant revealed last week that it is expanding the free tier of … Read more

Amazon sweetens prime deals like grow stalls

Amazon sweetens prime deals like grow stalls

Amazon.com Inc.’s The move to greatly expand its music catalog for Prime members aims to give the popular subscription program a boost, along with rivals like Walmart Inc. WMT 0.18% has achieved faster delivery times and added new features to subscriptions. The tech giant revealed last week that it is expanding the free tier of … Read more

Black male unemployment fell in October, but so did labor force participation

Black male unemployment fell in October, but so did labor force participation

A Now Hiring sign at a Dunkin’ restaurant on September 21, 2021 in Hallandale, Florida. Joe Raedle | Getty Images The unemployment rate for black men ticked down in October, while it rose for most other groups, but that may be due to workers dropping out of the labor force. The October payrolls showed the … Read more