If you want to know the health of the U.S. economy, check out the earnings reports on Tuesday and Wednesday from Walmart and Target. The results will tell a lot about the spending behavior of the American consumer, who powers nearly 70% of the economy. An official take will come […]
international economic news today
Germany’s leader and top CEOs are visiting Beijing. They need China more than ever
Hong Kong/London CNN Business — German Chancellor Olaf Scholz arrived in China on Friday with a team of top executives, sending a clear message: business with the world’s second-largest economy must continue. Scholz met with Chinese leader Xi Jinping at Beijing’s Great Hall of the People after landing in the […]
Hiltzik: The enduring failure of economic neoliberalism
Here’s the central riddle of U.S. politics since the Great Depression: Social Democratic policies crafted in the 1930s succeeded in creating a long era of widespread prosperity, then suddenly lost their credibility in the mid-1970s. They were replaced by the neoliberalism of Ronald Reagan, which failed to help anyone but […]