Author: Daniel snow
Asia FX, dollar subdued on Moody's US downgrade; mixed China data in focus Source link
Citizens are shopping at a supermarket in Nanjing, East China’s Jiangsu province, on March 9, 2024. Costfoto | Nurphoto | Getty ImagesChina’s retail sales growth slowed in April, data from the National Bureau of Statistics showed Monday, signaling that consumption remains a worry for the world’s second-largest economy. Retail sales rose 5.1% from a year earlier in April, missing analysts’ estimates of 5.5% growth, according to a Reuters poll. Sales had grown by 5.9% in the previous month.Industrial output grew 6.1% year on year in April, stronger than analysts’ expectations for a 5.5% rise.Fixed-asset investment for the first four months this…
Use is restricted to people with chronic conditions. Source link
Strategists warned the move, announced after the market close on Friday, could spark some near-term selling in stocks and Treasurys. Source link
“We are 71 and 67 and can’t afford this kind of loss in retirement.” Source link
U.S. Treasury Secretary Scott Bessent warned Sunday that some of America’s trading partners could soon face a sharp hike in tariff rates, and dismissed Moody’s downgrade of the U.S. government’s credit rating. Source link
Analysts are watching to see how major retailers respond after Walmart announced plans to raise prices. Source link
Trump is transforming — and destroying — something core to this country’s identity. Source link
The decision by these three Yale professors to move to Canada is both a warning and a call to action. Source link
Readers reflect on the Constitution and the state of American democracy. Also: The Catholic Church sex abuse crisis; Elon Musk’s minions. Source link