Some 51% of U.S. adults feel financially “conflicted,” experiencing both stability and uncertainty, according to a new survey
In a poll, more than half of respondents consider themselves financially “conflicted.” Source link
Accepting an award for political courage, former Federal Reserve Chair Jerome Powell hinted at why he broke with convention to keep his board seat
Accepting an award for political courage, the Fed governor hinted at why he broke with convention to keep his board seat. Source link
U.S. Construction Spending Picked Up in April
Spending on building projects rose by 0.4% to an annualized pace of $2.172 trillion in April, versus $2.165 trillion in March, the Census Bureau said. Source link
U.S. Factory Activity Expands in May
The Institute for Supply Management’s purchasing managers index was 54 last month, its highest reading since May 2022. Readings above 50 indicate sectoral expansion. Analysts polled by The Wall Street…
OECD Says 60% of Chinese Gains in Market Share Driven by Subsidies
Over the past two decades, Chinese businesses have received three to eight times more support than their competitors, according to the Paris-based research body. Source link
Eurozone Unemployment Held Steady in April
The eurozone’s unemployment rate remained unchanged in April, demonstrating resilience despite heightened economic uncertainty stemming from the war in Iran. Source link
Eurozone Household Inflation Expectations Steady, But at High Level
Inflation expectations steadied in April, but at a level that was much higher than before the war in the Middle East, likely underpinning expectations that the ECB will raise its…
China Steps Up Restrictions Over Outbound Investments
China is tightening scrutiny of outbound capital flows after forcing the unwinding of the Meta-Manus deal, as authorities seek to safeguard the economy amid heightened technology rivalry with the U.S.…
Chips, AI Keep South Korea’s Export Engine Firing on All Cylinders
South Korea’s exports grew at the fastest pace in more than four decades in May, as artificial intelligence-driven demand for chips pushed the value of shipments to a record. Source…
China Private Factory Activity Gauge Indicates Slower Expansion in May
A private gauge showed China’s manufacturing activity expanded at a slower pace in May, marking a sixth straight month of expansion amid easing, though still elevated, inflationary pressures. Source link
