While production price drops abated in May, China's consumer inflation remained stable. However, the underlying pattern indicates Beijing would need to take further action to support weak domestic demand and an uneven economic rebound.   Despite many rounds of support measures, weak demand...

With lower petrol, U.S. consumer prices unexpectedly remained steady in May. However, given the continued strength of the labour market, inflation is probably still too high for the Federal Reserve to begin reducing interest rates until September.   The Labour Department's Bureau of Labour...

According to a paper released earlier this week, trading stocks and bonds on blockchains at scale will remain a pipe dream until a worldwide standard for cross-border activity is adopted that allows assets to flow effortlessly between blockchains.   The underlying assets, or so-called...

Retail investors' attention has once again been drawn to GameStop and AMC Entertainment, evoking memories of "the meme stock frenzy" that engulfed Wall Street three years prior, as a result of social media posts made by "Roaring Kitty," the main figure behind that surge.   What you should...

China never uses the World Trade Organization-prohibited subsidies for electric vehicles, according to a spokesman for the country's foreign ministry on Thursday.   Many fear that the surge of low-cost electric cars (EVs) coming from Chinese businesses could hurt large U.S. automakers, some...

At an annual meeting next week, global airline executives will face a number of issues due to geopolitical concerns, aircraft shortages, and aggressive environmental standards. Softening prices further compound the carriers' precarious situation.   The world's biggest international hub,...

Some analysts have raised the yearly worldwide sales projections for the therapies to around $150 billion by the early 2030s due to factors such as likely expanded usage, an expanding number of potential competitors, and the millions of people seeking access to weight-loss medications from Novo...

Industry data revealed that, in the wake of the European Union's anti-subsidy investigation into Chinese electric vehicles, Brazil has surpassed Belgium as the country's top export destination for Chinese new energy vehicles.   According to data from the China Passenger Car Association...

It is unlikely that the Federal Reserve would lower interest rates throughout the summer, therefore investors will probably have to endure a sweaty summer.   A slew of better-than-expected economic statistics and new policymaker rhetoric indicate away from any policy relaxation in the near...

Elon Musk, the CEO of Tesla, stated that he disagrees with President Biden's recent declaration of a tax on electric cars built in China.   During a Q&A session at the VivaTech conference here on Thursday, Musk responded to a question from CNBC's Karen Tso by saying, "Neither Tesla nor I...

The number of new claims for unemployment benefits filed by Americans decreased last week, suggesting that the labour market is still strong and will likely sustain the economy going forward.   The Labour Department's report on claims for the second consecutive week on Thursday undid the...