Tag: economic

A new report ranks all 50 states from best to worst for economic conditions, showing which states have improved, and worsened, in creating an economic climate where businesses want to invest. The American Legislative Exchange Council (ALEC) released the state analysis, which ranks Utah as the number one state, North Carolina as second, and Arizona as third. Idaho and Oklahoma ...

BEIJING—China’s trade contracted again in January and February as U.S. and European demand weakened in the face of interest rate hikes. Exports sank 6.8 percent from a year earlier to $506.3 billion, an improvement over December’s 10.1 percent decline, customs data showed Tuesday. Imports fell 10.2 percent to $389.4 billion, deepening December’s 7.3 percent contraction. China’s global trade surplus for the ...

Commentary The upcoming National People’s Congress (NPC) in China, an annual ceremony of homage to the Chinese Communist Party (CCP), its leader, and the rubber stamps it liberally uses to approve all CCP policies, will fill screens around the country starting Sunday. The NPC will implement “the biggest government reshuffle in a decade as Xi Jinping tightens control” according to Reuters. ...

Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Persisting inflation leading to interest rate hikes, weak consumer demand, and an economic slowdown in China have forced firms from Amazon to Walt Disney and banks to trim their workforce. Here are some of the ...