US Banks See Loan Demand Drop, Fed Survey Says
US banks have observed a fresh decline in loan demand for industrial purposes and household demand for credit during the first quarter of the year, according to a Federal Reserve survey.
Government
Biden Increases Tariffs on Chinese Electric Cars, Solar Panels, and More by 100%
President Biden has announced massive tariff increases on Chinese-made electric cars, solar panels, steel, and other goods to counter unfair trade practices and protect American jobs. Electric vehicle tariffs will rise from 25% to 100%, and solar cell tariffs will increase from 25% to 50%.
Japan's Finance Minister Stresses Close Coordination with Bank of Japan
Japanese Finance Minister Shunichi Suzuki told reporters about the importance of the government cooperating and coordinating its financial goals with the Bank of Japan...
Joe Biden Signs Law Banning Uranium Imports From Russia to Revive America's Nuclear Fuel Industry
President Joe Biden has signed a bipartisan bill that bans imports of enriched uranium from Russia. Uranium is the fuel most used by nuclear power plants...
Corporate Greed Is Not the Main Driver of US Inflation: Fed Study
Corporate greed is not the main driver of US inflation, according to a new study released by the Federal Reserve Bank of San Francisco...
US Trade Blacklist Hits China's Quantum Research Institutes and Companies; Scientists Sound Alarm
Chinese physicists raise concerns over US trade restrictions impacting...
South Korea to Provide Chip Investment and Research Support Package Valued Over $7 Billion
South Korea is planning to release a chip investment and research supp...
Latest News
Boeing Scrubs Starliner Launch, Complicating Company’s Passenger Jet Woes
Boeing scrubbed its attempt to launch its Starliner capsule named ‘Calypso’ on May 6, which was supposed to be a break for Boeing’s issues in its passenger jet operations.
Donald Trump, Republic National Committee Rake in Over $76 Million in April as Fundraising War With Joe Biden Heats Up
Former President Donald Trump's election campaign and the Republican National Committee (RNC) disclosed on Saturday that they collectively raised more than $76 million in April.
Joe Biden Expands Affordable Healthcare Coverage for DACA Immigrants
The administration of President Joe Biden has expanded access to affordable healthcare insurance for about 100,000 immigrants covered by DACA program.
Ex-Donald Trump Aide Testifies He Told Her to Deny Stormy Daniels Affair, Michael Cohen Paid the Porn Star Without Telling Him
Hope Hicks, once a top aide to Donald Trump, testified on Friday that the former president instructed her to deny his sexual encounter with porn star Stormy Daniels.
Dollar Drops to Three-Week Low Against Japanese Yen as US Jobs Data Boosts Fed Cut Bets
The US dollar dipped to a three-week low against the Japanese yen on Friday following reports of US jobs and wage growth slowed down in April.
Joe Biden Says 'Xenophobia' Hinders China, Japan, and India's Economic Growth as US Benefits From Migration
President Joe Biden said "xenophobia" among countries like China, Japan, and India is impeding their economic growth, contrasting it with the US, which he claimed benefits from migration.
Donald Trump Lawyer Portrays Hush Money Payment to Stormy Daniels as Extortion
A lawyer for former President Donald Trump has tried to portray the hush money payment to porn star Stormy Daniels as extortion.
US Accuses Russia of Quietly Shipping Refined Petroleum to North Korea at Levels Violating UN Cap
The US has revealed that Russia has been discreetly supplying refined petroleum to North Korea at levels that seem to exceed UN Security Council limits.
Gold Scams on the Rise in China — Thousands Got Duped Into Buying Expensive Fake Jewelry
China is grappling with a rise in gold scams amid strong interest in the precious metal as an alternative investment.
