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Economy : Business Times
2025年1月2日 · "Japan has slipped into a recession, leading to the loss of its position as the world's third-largest economy-a title now held by Germany. This shift comes as Japan's Gross Domestic Product (GDP) shrank at an annualized pace of 0.4% in the final quarter of 2023, as reported by the Cabinet Office.
Ukraine Hits Deep Inside Russia with U.S. and British Missiles in …
1 天前 · Ukraine executed one of its largest and most coordinated aerial offensives against Russian territory on Tuesday, targeting critical infrastructure and military facilities deep within the country. The strikes involved U.S.-supplied ATACMS ballistic missiles, British Storm Shadow cruise missiles, and a fleet of drones, signaling an escalation in …
Core Inflation Slows to 3.2% in December, Below Forecasts as …
18 小时之前 · Inflation pressures showed signs of easing in December, with the core Consumer Price Index (CPI) rising at an annual rate of 3.2%, slightly below forecasts and marking the first deceleration in the metric since July. The Bureau of Labor Statistics (BLS) data released Wednesday signaled a modest improvement in price stability, even as energy costs surged.
Surprise $1,400 Checks Coming as IRS Finds $2.4b Stimulus …
6 天之前 · A $2.4 billion surplus in federal relief funds has prompted the IRS to send $1,400 checks to people who missed earlier stimulus payments. About one million individuals will receive the money automatically, either by direct deposit or through a mailed check, in the coming weeks. Relief Payments ...
Justice Department and Trump Clash Over TikTok Ban as Supreme …
2025年1月6日 · President-elect Donald Trump has become an unlikely advocate for TikTok, the popular social media platform that faces a looming nationwide ban unless its Chinese parent company, ByteDance, divests ownership. The Supreme Court is set to hear arguments this week in a case challenging the constitutionality of the law that could lead to TikTok's expulsion from the U.S. market just one day before ...
Fed Likely to Cut Interest Rates Again While Signaling a Slower …
2024年12月17日 · The Federal Reserve is expected to implement another interest rate cut this week, reducing its benchmark rate by a quarter percentage point to approximately 4.3%. This decision, marking the fourth consecutive cut since September, comes as policymakers navigate a resilient economy paired with persistent inflationary pressures. Despite a stronger-than-anticipated economic performance, inflation ...
Biden Administration in Talks with Taliban to Exchange …
2025年1月7日 · The Biden administration is engaged in delicate negotiations with the Taliban over a potential prisoner exchange involving three American citizens detained in Afghanistan and Muhammad Rahim al Afghani, a Guantanamo Bay prisoner alleged to have been a senior aide to Osama bin Laden. The talks, ongoing since mid-2024, have intensified as President Biden's term nears its end, with families of the ...
Biden Grants 1,500 Commutations and 39 Pardons in Largest …
2024年12月13日 · President Joe Biden has granted the largest single-day act of clemency in modern U.S. history, commuting the sentences of roughly 1,500 individuals and pardoning 39 people convicted of nonviolent crimes. The announcement, made Thursday, underscores Biden's commitment to second chances but also comes amid heightened scrutiny following his controversial pardon of his son, Hunter Biden.
U.S. Inflation Edges Higher to 2.7% in November, Fed Rate Cuts on …
2024年12月12日 · Inflation showed signs of accelerating in November, with the consumer price index (CPI) climbing 2.7% over the past 12 months, up slightly from October's 2.6%, according to data released Wednesday by the Bureau of Labor Statistics. On a monthly basis, prices rose 0.3%, marking a quicker pace than October's 0.2% increase.