Powell Says Strong Economic Data ‘Could Warrant’ Higher Rates The Federal Reserve may need to do more if growth remains hot or if the labor market stops cooling, Jerome H. Powell said in a speech.

Hollywood Strike Takes Increasing Economic Toll On Workers, Still Too Soon To Say How Much Economic Damage Has Been Done But Some Activity Has Merely Been Delayed: “One cannot assess the economic impact of a strike until it is over with and the catch-up activity has been completed.” submitted by /u/lowell2017

China’s Economic Stake in the Middle East: Its Thirst for Oil China is the largest oil importer by far from Saudi Arabia and from Iran, highlighting the risk it faces if the war in Israel and Gaza were to broaden.

Americans (Seemingly) Aren’t Allowed to Put This Economic Theory to the Test

Question: Pay all Sales tax/VAT indiscriminately with an MoR or pay selectively to benefit from economic nexus/registration thresholds? Hi, I’m looking into options of how to accept payments for my first SaaS (prepaid per device-month desktop software). And as far as I can see, there are two ways to do this: – With a Merchant of Records (MoR): like Paddle, they handle all your Sales tax/VAT depending on the location of the buyer. So if I price one device-month at $6, then they’l…

The UAW’s Strike Poses Economic and Political Risks for Biden The walkout by thousands of factory workers presents economic and political risks for the Big Three automakers, Midwestern states and President Biden.

U.A.W. Strike Is a Real-Time Test of Biden’s Economic Agenda White House aides believe the outcome of the battle between the car companies and its workers will underscore many of the president’s policy positions.

Biden Taps Penny Pritzker to Drive Ukraine’s Economic Revival The appointment of the former commerce secretary and Democratic Party fund-raiser reflects a growing focus on Ukraine’s postwar economic survival.

Auto Strike by U.A.W. Could Have Wide Economic Effects An extended walkout by the United Auto Workers in a contract dispute could raise car prices and affect jobs at the companies’ suppliers.

China’s Economic Pain Is a Test of Xi’s Fixation With Control The slowdown is posing perhaps the most sustained challenge to President Xi Jinping’s agenda in over a decade in power. He now faces a tangle of difficult choices.

Wrestling With Inequality, Some Conservatives Redraw Economic Blueprint A growing number of Republican politicians and theorists are challenging party orthodoxy on pocketbook issues, corporate power and government’s role.

What China’s Economic Woes May Mean for the U.S. The fallout is probably limited — and there may be some upside for American interests.

Argentina and the economic crisis I had plans to travel to Buenos Aires and Patagonia this summer of 2024. However, I was worried about the latest news about the increase in the number of robberies. I know the media is often sensationalized, so I was wondering if someone from the sub could say whether it is safe to travel to the touristy parts of Argentina. submitted by /…

How the Jackson Hole Conference Became an Economic Obsession Investors and economists are watching the event this week closely. How did a remote Wyoming conference become so central?

Chinese Confidence Hits Low Point Because of Nation’s Economic Troubles Consumers and business owners say they feel paralyzed by despair, and their reluctance to spend and borrow is feeding what could become a dangerous cycle.

Economic Optimism Sentiments around the economy are improving.

China and Hong Kong Stocks Slump as Economic Gloom Spreads A string of worrying data has taken the fizz out of markets.

Russia’s Interest Rate Hike Highlights Economic Struggle Amid Ukraine War With the third-largest interest rate increase in a decade to shore up the ruble, Moscow’s policymakers are pursuing the conflicting goals of paying for the war against Ukraine and taming inflation.

Russia Tries to Bolster Ruble as Inflation Adds to Economic Woes The central bank in Moscow took steps to counter the currency’s slide, but the war and resulting sanctions have put intense pressure on the economy.

China’s Exports Fall Again, Imperiling Its Economic Recovery Shipments to trading partners slid 14.5 percent in July from the year before, the biggest decline since February 2020, adding to the pressure on Chinese authorities trying to rekindle growth.