Macro

Oil Climbs as Hopes for Imminent Strait of Hormuz Deal Fade

Crude climbs above $84 in the U.S. and past $89 internationally as hopes for an imminent Strait of Hormuz reopening deal collapse into deadlock.

Riot Platforms Surges on $9.1 Billion AI Compute Deal With Anthropic

Bitcoin miner Riot Platforms struck a 20-year, $9.1 billion compute deal with AI developer Anthropic, sending shares higher and highlighting the crypto-to-

CoreWeave Stock Jumps 10% as Revenue Doubles, Debt Hits $35 Billion

CoreWeave shares rose about 10% after revenue more than doubled on AI infrastructure demand, though the company carries roughly $35 billion in debt.

U.S. July Inflation Report Lands Wednesday, Shaping Fed’s Next Rate Move

The U.S. consumer price index due Wednesday is expected to show a modest July rise, giving the Federal Reserve a key signal on its next rate move.

Medicaid Ends Federal Funding for Gender-Affirming Care for Minors

The Trump administration will halt Medicaid and CHIP funding for gender-affirming surgeries and hormone treatments for transgender minors starting October

Chinese Finance Minister assures increase in fiscal spending despite tepid revenue growth

On Thursday, Finance Minister Liu Kun announced that while China's fiscal revenue is expected to increase this year, it is likely to be tepid....

China Offers Zero Tariff Treatment to Ethiopia, Burundi, and Niger in Major Trade Boost

China is set to offer a game-changing trade boost to Ethiopia, Burundi, and Niger. Come March 1, a whopping 98 percent of tariff lines...

China Takes Steps to Stabilize Pork Market with Purchase of 20,000 Tonnes of Frozen Pork

China, the world's largest pork producer, is taking steps to stabilize the country's pork market. On Friday, the National Development and Reform Commission, China's...

Chinese solar components continue to dominate global market

China has long been recognized as the world's leading manufacturer of solar products and continues to dominate the global solar supply chain, with at...

China and Iran’s Trade Relationship Continues to Thrive, with $15.8 Billion in Total Trade for 2022

China and Iran have been long-standing trade partners for over a decade, and that trend has continued into 2022. According to the Ministry of...

Chinese Ministry of Commerce Reiterates Significance of Economic and Trade Cooperation with the United States

On Thursday, the Chinese Ministry of Commerce reiterated the significance of economic and trade cooperation between China and the United States. The Ministry stated...

Rural Tourism on the Rise in Hainan, China, Boosting Local Economies and Job Growth

In China's southeastern Hainan province, rural tourism is on the rise. The region is known for its tropical fruits, stunning scenery, and refreshing sea...

China’s Machinery Industry Set for Steady Growth in 2023, Says Industry Federation

The machinery industry in China is expected to continue its steady growth trajectory, following a faster pace of recovery, according to the China Machinery...

China Nears Completion of First Domestically-Built Large Cruise Ship

China's first domestically-built large cruise ship is nearing completion, with over 91 percent of construction finished, according to the administration bureau of the bonded...

China Takes a Step Towards Tightening Oversight and Regulation of Financial Sector

China has issued a guideline for improving the oversight of finance and accounting activities in the country. The directive was jointly released by the...

China’s central bank strengthens financial support for key areas and weak links

The People's Bank of China (PBOC) has announced that it will take precise measures to strengthen financial support for key areas and weak links...

Strong Recovery Trend: China’s SMEs Show Improvement in January

Industrial data has shown that small and medium-sized enterprises (SMEs) in China experienced a surge in activity during January, indicating a steady recovery in...

Dalian: The Most Promising City for High-Quality Development in China’s Northeast Region”

The Chinese government has emphasized the importance of high-quality development as a primary task in building a modern socialist country. One city that exemplifies...

Experts Expect PBOC’s Accommodative Policy to Continue

China's monetary policy is expected to remain supportive of boosting consumer spending as inflationary pressures remain muted, experts said on Monday. The People's Bank...

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