A Bucketful of Economic Reports Highlight the First Week of December as Markets Remain on Edge

Disclaimer: We adhere to strict standards of editorial integrity to help you make decisions with confidence. All links marked with an asterisk ( * ) are paid links. The Fed’s interest rate decision, the Labor Department’s jobs report and corporate earnings have been dominating headlines lately. But in this day and age, you might also want to pay attention to the ongoing war between Russia and Ukraine — because the consequences could be dire.

China's Foreign Ministry said the craft was a lost civilian balloon, the same explanation it gave for a suspected spy balloon that drifted over the US.

WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Monday said she saw a path for avoiding a U.S. recession, with inflation coming down significantly and the economy remaining strong, given the strength of the U.S. labor market. "You don't have a recession when you have 500,000 jobs and the lowest...

China on Monday broke from its previously conciliatory tone about its surveillance balloon that drifted over the U.S. and lashed out at President Joe Biden’s decision to shoot it down over the weekend after it cleared the mainland. [. READ:. U.S. Downs Chinese Balloon ]. Foreign Ministry spokeswoman Mao...

CHICAGO (Reuters) - U.S. farmers are planning to boost corn acreage in 2023, eyeing lower prices of fertilizer needed to grow the crop and hoping for a bumper crop after a late season drought withered last year's grain harvest and left U.S. corn supplies near a decade low. Plans for...

The Defense Department on Wednesday took aim at China’s explanation for the balloon that drifted across the U.S. last week, saying it was “100%” certain the airship was for espionage and not for benign civilian meteorological data collection as Beijing has claimed. [. Read:. China Fires Back...

During the State of the Union address Tuesday night, President Joe Biden plans to tout the success of his economic strategy, one the administration says is rooted in the principle that “we must build the economy from the bottom up and middle out, not the top down.”. When it...

SHANGHAI/BEIJING (Reuters) - China's passenger car sales slumped 38% in January, reversing a 2.4% gain in the previous month, industry data showed on Wednesday, as demand weakened after a tax cut on combustion engine cars and subsidies on electric vehicles (EV) expired. Sales of new energy cars that include pure...

WASHINGTON (Reuters) - U.S Secretary of State Antony Blinken said on Wednesday the United States has shared information it has obtained about China's spy balloon with dozens of countries around the world. Blinken also told a news conference with NATO Secretary General Jens Stoltenberg that he had discussed with him...

WASHINGTON (Reuters) - The U.S. House of Representatives on Wednesday voted to end a requirement that most foreign air travelers be vaccinated against COVID-19, one of the few remaining pandemic travel restrictions still in place. The vote was 227 to 201 with seven Democrats joining Republicans. No Republicans voted against...

BEIJING (Reuters) - China's central bank has signed a memorandum of understanding on setting up yuan clearing arrangements in Brazil, it said on Tuesday, in a move to help boost the currency's global clout. The establishment of such arrangements for the renminbi (RMB), or the yuan, would be beneficial to...

(Reuters) -Wells Fargo & Co agreed to pay $300 million to settle a shareholder lawsuit claiming the bank hid that it had pushed unnecessary insurance on auto loan customers, according to documents filed in U.S. court on Tuesday. The Construction Laborers Pension Trust for Southern California, which led the class...