Economy

The fact that the consequences might soon affect people closer to home is becoming apparent among the gloating of Western pundits about China's economic woes. For decades, China's seemingly unstoppable economic growth defied…

The first wave of February's Social Security payments is set to hit bank accounts soon, with the highest earners who retired at 70 poised to receive up to $4,873. Retired seniors born between the 1st and 10th of a month can…

Officials from the US and China met recently in Beijing to discuss urgent problems impacting the two biggest economies in the world. Against the backdrop of the upcoming US presidential election, trade and tariffs have assumed…

The US labor market has kicked off 2024 with a robust start, showcasing unexpected vigor in January's job growth figures. According to the latest report from the Labor Department's Bureau of Labor Statistics, nonfarm payrolls…

The US State Department has approved a major arms deal with India to boost its maritime safety and surveillance in response to rising Chinese influence in the Indo-Pacific. Valued at nearly $4 billion, the deal includes the sale of 31…

On Monday, there was a notable increase in oil prices in reaction to the unfortunate death of US Marines in Jordan from an Iranian-sponsored drone attack. Global benchmark Brent oil traded up by 0.57% to reach $84.03 a barrel, while U S…

The Biden administration is about to take a revolutionary step as the competition for semiconductor supremacy across the globe heats up. With the aim of bolstering America's competitiveness against China, the White House is on the…

The Biden administration is looking into a new way to use diplomacy to pressure Israel into selling more weapons while the fighting in the Gaza Strip continues. According to sources within the US government, discussions are…

Mexico's top diplomat has called for an urgent investigation into the alarming trend of US military-grade weapons ending up in the hands of Mexican drug cartels. Foreign Relations Secretary Alicia Bárcena emphasized the gravity of…

President Joe Biden's reelection campaign would benefit from the Federal Reserve's favored inflation index, which further softened last month despite ongoing economic growth. Friday's government report indicated a modest 0.2% increase…

The US Navy deploying USS John Finn through the Taiwan Strait post the island's presidential elections sparked diplomatic tensions and support affirmations. According to the US 7th Fleet, this maneuver underscores America's commitment…

Online retail giant eBay Inc. is set to cut approximately 1,000 jobs, constituting about 9% of its full-time workforce, as part of a strategic restructuring effort. CEO Jamie Iannone shared this decision with employees in a…

Low-income households in California find significant support in securing nutritious food through CalFresh, the state's nutrition assistance program, formerly known as food stamps. The program provides eligible individuals and…

In order for the IRS and state tax authorities to confirm that correctly paid taxes, citizens and residents of the United States are required to file tax returns on a regular basis. While the standard filing threshold is based on net…

President Joe Biden took swift action on Friday, signing a short-term spending bill aimed at ensuring the uninterrupted operation of the federal government until early March. The move successfully averted the imminent threat of a…

People who are planning for their retirement need to understand the tax implications of collecting Social Security benefits. While Social Security is a valuable source of income for many retirees, it's essential to grasp how these…

Social Security beneficiaries can anticipate a positive development as they are set to receive a direct payment of $943 within the upcoming 15 days. This welcomed update for 2024 brings financial relief and follows recent adjustments to…

Lawmakers negotiating on behalf of the people have arrived at a $78 billion deal that prioritizes tax benefits for low-income individuals and businesses, as was reported on Tuesday. The deal, set to be announced by the House Ways and…

Governor Gavin Newsom confronts a daunting $38 billion budget deficit in California's proposed $291 billion spending plan for the 2024-25 fiscal year, unveiled on Wednesday. While the nonpartisan Legislative Analyst's Office had…

The recent resumption of military talks between the United States and China signifies a critical step in managing the escalating rivalry between the two global powers. Frozen since former House Speaker Nancy Pelosi's contentious…

As tensions rise on the Ukrainian frontlines, a striking report unveils a drastic disparity in artillery capabilities between Russian forces and Ukraine's military. For every five Russian artillery salvos, Ukraine can only…

Recent revelations from US intelligence indicate that China made an unexpected move to dismiss numerous high-ranking Army officials. This was allegedly caused by a serious error in which missiles were mistakenly loaded with water rather…

In recent weeks, numerous farms in California have been compelled to euthanize millions of chickens and ducks due to the surge of avian influenza, posing a significant threat to the national poultry and egg supplies. Although cases of…

Oil prices experienced a decline of over 2% on Monday, primarily driven by significant price reductions from leading exporter Saudi Arabia and an increase in OPEC production. These factors countered the concerns arising from…

Xi Jinping and Joe Biden celebrated 45 years of diplomatic ties between China and the US, sharing messages signaling a moment of reflection and future collaboration between the influential nations. In his statement, President Xi…

Vladislav Belbas, director of Ukrainian Armored, accused Russia of sabotaging a major fighter jet deal with an undisclosed country. Belbas alleged interference during an interview with Economic Truth, shedding light on Russia's…

Wisconsin, often recognized for its picturesque landscapes and friendly communities, is now gaining attention for its cities that are making significant strides in wealth generation. As we step into 2023, let's explore the top…

The United States has indicated its potential backing for a resolution at the United Nations Security Council aimed at increasing humanitarian aid to Gaza. The announcement followed extensive negotiations that, at times,…

President Joe Biden is exploring a strategy reminiscent of his predecessor, Donald Trump, by contemplating an increase in tariffs on Chinese electric vehicles. The action is perceived as an attempt to defend the administration's…

China and Russia finished a strong year of collaboration, affirming their commitment to strengthen connections across various areas as their trade hit a notable milestone. The partnership between the two nations, highlighted during the…