Economy

A dog getting groomed during a pet show in Shanghai on August 17, 2023. Str | Afp | Getty Images China’s pet population will be close to double that of its young children by 2030 as young Chinese remain unwilling to start new families, Goldman Sachs said in a recent note. The country’s urban pet […]

Americans are expected to spend less this holiday season and seek out discounts, according to a new CNBC survey of retail logistics managers. This desire to save money during a time when most people have to shop would favor TJX Companies ‘ (TJX) off-price brands and Costco ‘s (COST) bargain prices. According to the latest… […]

US Secretary of State Antony Blinken (L) walks with China’s Foreign Minister Qin Gang (R) ahead of a meeting at the Diaoyutai State Guesthouse in Beijing on June 18, 2023.Leah Millis | Afp | Getty ImagesU.S. Secretary of State Antony Blinken on Sunday met with Chinese Foreign Minister Qin Gang in Beijing on a high-stakes… […]

Smartphones undoubtedly make our lives easier. Having your morning alarm, credit cards, and text messages all in one place is convenient. But, according to mounting research, they are also changing our brains for the worst. And how could they not? The average American checks their smartphone 144 times per day, according to a survey by Reviews.com. The… […]

Ezra Miller stars as Barry Allen in Warner Bros.’ “The Flash.”Warner Bros. DiscoveryMoviegoers spread the wealth over Father’s Day weekend across a diverse slate of new releases and lingering favorites.The mixed results saw disappointing debuts from “The Flash” and “Elemental,” while “Spider-Man: Across the Spider-Verse” continued to attract ticket buyers.Warner Bros.’ latest superhero film hauled… […]

Former Vice President Mike Pence speaks to supporters as he formally announces his intention to seek the Republican nomination for president on June 07, 2023 in Ankeny, Iowa. Scott Olson | Getty ImagesSeveral Republican 2024 presidential hopefuls criticized Donald Trump Sunday as the former president faces 37 federal counts for allegedly hoarding documents after he left… […]

U.S. Vice President and Democratic presidential candidate Kamala Harris holds a campaign rally with her newly chosen vice presidential running mate Minnesota Governor Tim Walz in Philadelphia, Pennsylvania, U.S., August 6, 2024. Elizabeth Frantz | Reuters Vice President Kamala Harris and Minnesota Gov. Tim Walzher newly minted running mate, made their first public appearance together […]

Workers install solar panels during a SunPower installation on a home in Napa, California, on July 17, 2023. David Paul Morris | Bloomberg | Getty Images The rooftop solar installer SunPower has filed for bankruptcy, after struggling for months in the face of high interest rates and allegations of misconduct in its reporting practices. SunPower […]

Pictured here is a McDonald’s store in Yichang, Hubei province, China, on July 30, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — A theme emerging in the latest slew of U.S. companies’ earnings reports is a drag from the China market. The Chinese economy — home to more than four times the population of […]

While Wall Street may still be rattled after Monday’s massive sell-offCNBC’s Jim Cramer said many of Tuesday’s corporate earnings reports do not indicate there is a serious recession on the horizon. “I think we’re in a recessionless recession because I follow the actual micro data from individual companies that report,” he said. “When you run […]