by Bloomberg.com | Mar 5, 2024 | alerts, Markets/Economy
Government work report lacks specifics on property, deflation Economists say more emphasis needed on boosting consumption China set a bullish target of around 5% growth this year as top leaders try to boost confidence in the world’s second-largest economy. But for...
by Bloomberg.com | Mar 5, 2024 | alerts, Markets/Economy
ISM services PMI decreased 0.8 point in February to 52.6 Employment measure declined; gauge of prices paid dropped Growth in the US service sector cooled in February, partly due to a decline in employment even as orders and business activity quickened. The Institute...
by Bloomberg.com | Mar 5, 2024 | alerts, Markets/Economy
iPhone slipped to fourth place in China in first weeks of 2024 Apple focusing on other big bets like AI, Vision Pro headset Apple Inc.’s iPhone sales in China fell by a surprising 24% over the first six weeks of this year, according to independent research that may...
by Liberty Street Economics | Mar 5, 2024 | alerts, Markets/Economy
In the aftermath of the COVID-19 pandemic, the U.S. economy experienced a swift recovery accompanied by a sharp rise in inflation. Inflation has been gradually declining since 2022 without a notable slowdown in the labor market. Nonetheless, inflation remains above...
by Bloomberg.com | Mar 5, 2024 | alerts, Markets/Economy
Bills for consumer debt service hit record high this year Mortgage burden still near historic lows with locked-in deals US households are now paying roughly as much interest on other kinds of debt, from credit cards to student loans, as they are on their mortgages,...
by Bloomberg.com | Mar 5, 2024 | alerts, Markets/Economy
Work reports focus on tech innovation, defense spending Key for foreign firms is ‘full, timely’ reform rollout: AmCham China’s big annual policy report shows it may have to play nice with the US this year to counter its economic headwinds, though ambitions to ramp up...
