Bitcoin Hits Record High Above $93,000 as Traders Assess Inflation …
12 hours ago · Bitcoin soared to a record high of over $93,000 on Wednesday as investors assessed new inflation data and postelection market dynamics. The flagship cryptocurrency traded as high as $93,469.08 before settling slightly lower, marking a more than 3% gain on the day and solidifying its status as a leading asset in the ongoing risk rally. This recent surge comes in the wake of October's consumer ...
John Thune Elected as Senate GOP Leader, Overcoming Trump …
10 hours ago · Senate Republicans have chosen John Thune to lead their caucus, succeeding Mitch McConnell, who held the position for 17 years. Thune, currently the Senate Republican whip, defeated contenders including Texas Senator John Cornyn and Florida Senator Rick Scott in a secret ballot vote held Wednesday. The internal election marks a leadership transition for Republicans in the Senate as they seek ...
Business Times - Business & Financial News, China & International ...
Business Times is a news website that covers business, finance, technology, entertainment, sports and lifestyle topics, with a focus on China and the Asia-Pacific region. Read the latest headlines on China's property sector, Boeing's strike, TSMC's Europe plant, Nobel Prize in economics and more.
China's Inflation Slows in October Amid Struggling Economic …
5 days ago · China's consumer price growth decelerated in October, reflecting ongoing challenges in bolstering demand in the world's second-largest economy, even as Beijing intensified efforts to stimulate economic activity. Official data from the National Bureau of Statistics (NBS) revealed that China's consumer price index (CPI) edged up by 0.3% year-on-year in October, down from 0.4% in September.
Trump's New York Hush Money Conviction Delayed as Presidential …
1 day ago · In a move that underscores the complex legal landscape surrounding President-elect Donald Trump, New York Judge Juan Merchan on Tuesday agreed to delay any decision on overturning Trump's conviction in the hush money case. This comes as the Manhattan District Attorney's office and Trump's attorneys deliberate over how the former president's re-election impacts his legal standing.
Boeing’s October Deliveries Plunge Amid Strike Fallout, Major …
1 day ago · Boeing is grappling with the aftermath of a 53-day machinist strike that disrupted production across its key aircraft programs, with over 32,000 union workers now set to return to factories by November 12. While the machinists have approved a new contract that includes a 38% pay raise over four years, the company warns that getting production back to …
China's Export Growth Slows Sharply as Global Demand Weakens, …
Oct 15, 2024 · China's export growth slowed sharply in September, raising new concerns about the outlook for the world's second-largest economy. According to data released by the Chinese customs office on Monday, exports rose just 2.4% year-on-year in U.S. dollar terms, a significant decline from the 8.7% increase reported in August. Imports grew by a mere 0.3%, reflecting weak domestic demand and adding to ...
IMF Raises U.S. Growth Forecast Amid Global Concerns, Cuts …
Oct 23, 2024 · The International Monetary Fund (IMF) has raised its 2024 economic growth forecast for the U.S. while trimming expectations for key global players such as China and the eurozone. The updated World Economic Outlook, released on Tuesday, projects U.S. growth at 2.8%, up two-tenths of a percentage point from July's forecast.
Boeing Union Strike Nears End with Sweetened Contract Offering …
Nov 1, 2024 · In a bid to end a nearly seven-week strike that has halted most of its aircraft production, Boeing has presented an enhanced contract proposal to its more than 32,000 striking machinists. This proposal, which includes a 38% wage increase over four years and an option for a $12,000 signing bonus, will go to a vote on Monday, potentially marking the end of the standoff between Boeing and its ...
Boeing Withdraws Contract Offer to Machinists; No Deal in Sight …
Oct 10, 2024 · Boeing's efforts to negotiate a deal with its key manufacturing union have come to a standstill, as talks between the aerospace giant and the International Association of Machinists and Aerospace Workers (IAM) broke down, extending a strike that has already stretched into its fourth week. With no further negotiations planned, the company has withdrawn its pay offer, citing the union's demands ...
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