(Updates with details and background in paragraphs 2,3)
BEIJING, Oct 24 (Reuters) – The U.S. defense department will send a delegation to attend China's regional security dialogue, the Xiangshan forum, state media China Daily reported on Tuesday.
The registered attendees from the U.S. sides include Xanthi Carras, the Country Director for China in the Office of the Undersecretary of Defense for Policy from the Department of Defense, and Chad Sbragia, who led the U.S. delegation in 2019 when the Xiangshan Forum was last held in person, according to China Daily.
More than 90 countries and international organisations have confirmed they will send delegations to the forum, which will be held in Beijing from Oct. 29-31, China Central Television reported Tuesday.
(Reporting by Albee Zhang and Ryan Woo; Editing by Christian Schmollinger)
Central bankers have shared mixed views on how monetary policy could change as officials mull the path of inflation and trends in the economy.
New Speaker of the House Mike Johnson has opened the door to a short-term measure that would keep the government operating into 2024.
(Bloomberg) — There’s a good reason why investors are amazed that something hasn’t broken in the economy yet: The last time US government bond yields climbed so far, so fast, the nation plunged into back-to-back recessions.Most Read from BloombergIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastChina Developer Country Garden Deemed in Default on Dollar Bond for First TimeTrump Ally Mike Johnson Becomes Latest GOP House Speaker NomineeNobody Wants Mutual Funds NowBig Tech Earnings
Companies like Visa, Mastercard and American Express would take a hit from a new Federal Reserve proposal that lowers debit-card fees paid by merchants.
The U.S. economy likely grew in the third quarter at its fastest pace of any quarter in nearly two years, again defying dire warnings of a recession, as higher wages from a tight labor market helped to power consumer spending. The Commerce Department's advance estimate of third-quarter gross domestic product on Thursday is also expected to show residential investment rebounding after nine straight quarters of declines. President Joe Biden's administration has taken steps to encourage more semiconductor manufacturing in the U.S.
Unlike previous recessions, any potential slowdown this time around would be "engineered" by the Fed, said Apollo chief economist Torsten Sløk.
Urging an immediate cease-fire in Ukraine, the SpaceX CEO wants to trade land for peace so the West can normalize relations with Vladimir Putin.
BitMEX co-founder says investors are offloading bonds for gold and crypto.
Concern about the deficit could reach a point where investors won't buy US debt. "At that point you have some kind of failure of the bond auction."
Attendees included senior officials from China's central bank and the U.S. Treasury Department, according to a Treasury statement. "The two-hour virtual meeting included a substantive and wide-ranging discussion on domestic and global financial stability, financial supervision and regulation, sustainable finance, and anti-money laundering and countering the financing of terrorism," the Treasury said.
Chief executives of the world’s largest banks and wealthiest investment funds flew into Riyadh on Monday for a conference nicknamed Davos in the Desert – Saudi Arabia’s annual Future Investment Initiative.
Beneath Gaza, a labyrinth of tunnels used by Hamas will complicate any potential Israeli ground offensive in the Palestinian enclave. WSJ’s Rory Jones—who visited the tunnels in 2014—explains the unique challenge they pose for Israel. Photo: Yousef Mohammed/Zuma Press
After mastering making iPhones, Taiwan's Terry Gou, the billionaire founder of major Apple supplier Foxconn, wanted to turn his entrepreneurial skills elsewhere – to be the island's next president. But three months out from the election, Gou, whose net worth is estimated by Forbes at $6.7 billion, has gone to ground. He last appeared at a campaign event on Sunday night, the day a Chinese newspaper said authorities had begun a tax probe into Foxconn's operations in China, even though he stepped back from running the world's largest contract manufacturer four years ago.
WASHINGTON (Reuters) -Apple, the world's largest tech company, said on Tuesday that it will back a U.S. right-to-repair bill, following years of complaints from consumer advocates that its sleek devices are difficult and expensive to fix. The announcement is part of a broader push by President Joe Biden to promote competition and crack down on so-called junk fees and other actions that increase prices for consumers. Apple also on Tuesday said it would make parts, tools and documentation needed to fix its iPhones and computers available to independent repair shops and consumers nationwide, a move that could help push other companies to follow suit.
Over 70 million Americans who receive Social Security or Supplemental Security Income (SSI) benefits will see a 3.2% cost of living adjustment (COLA) in 2024, the Social Security Administration announced recently. For instance, that means the September 2023 average retiree benefit of $1,793 will increase by $57 starting in January 2024. This increase is smaller […] The post It's Official: Your Social Security Benefits Will Increase This Much in 2024 appeared first on SmartReads by SmartAsset.
(Bloomberg Government) — Rep. Mike Johnson is hardly a household name, even in Washington, D.C. But he’ll become more of one starting today.Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachineApple Plans AirPods Overhaul With New Low- and High-End Models, USB-C HeadphonesIsrael Is Losing Support as Fury Grows Over Its Strikes on GazaTrump Ally Mike Johnson Elected House Speaker, Shifting GOP Further RightPost-Earnings Meta Rally Fails to Prop Up QQQ: Markets WrapT
The head of the United Auto Workers is walking the Vermont senator's talk.
Wisconsin Republicans floated changes Wednesday to a funding proposal for Milwaukee Brewers stadium repairs including a new tax on non-Brewers events, seeking to win over skeptics of the current plan intended to keep the team at American Family Field until at least 2050. A Brewers official testified at a state Senate hearing Wednesday that the team didn't want to leave the city, saying it didn't make sense to build a new stadium and that the priority was making urgent repairs extend the life of the 22-year-old ballpark. “We want to be here for the next generation," said Rick Schlesinger, president of business operations for the Brewers.
"Recessions—or the threat thereof—should be bought, not sold, notwithstanding the swirl of negative macro news," BofA's Joseph P. Quinlan said.
Mick Mulvaney, Actum Strategic Advisers Co-Chair and Former Acting White House Chief of Staff, discusses the election of Louisiana Representative Mike Johnson as Speaker of the House. Mulvaney talks about what Johnson's election means of House Republicans and how long he will last as Speaker. Mick Mulvaney speaks with Annmarie Hordern and Joe Mathieu on Bloomberg's "Balance of Power."