US Jobless Rate Falls to 7-year Low; Fed Move Still Unclear

In this Aug. 24, 2015 photo, workers paint the Julien Dubuque Bridge along U.S. 20 in Dubuque, Iowa. The U.S. government issues the August jobs report on Friday, Sept. 4, 2015. (Dave Kettering/Telegraph Herald via AP) MANDATORY CREDIT
In this Aug. 24, 2015 photo, workers paint the Julien Dubuque Bridge along U.S. 20 in Dubuque, Iowa. The U.S. government issues the August jobs report on Friday, Sept. 4, 2015. (Dave Kettering/Telegraph Herald via AP) MANDATORY CREDIT

WASHINGTON— The U.S. unemployment rate fell to a seven-year low in August as employers added a modest 173,000 jobs, a key piece of evidence for...

  • U.S. dollar notes are counted next to stacks of Chinese 100 yuan (RMB) bank notes at a bank in Huaibei, in eastern China's Anhui province, on Sept. 23, 2014. (STR/AFP/Getty Images)

    China Is Selling US Treasurys and the Impact Could Be Huge

    People have said for a long time China could get the United States in trouble by selling vast quantities of its Treasury holdings. Now China... Read more

  • A Chinese day trader reacts as he watches a stock ticker at a local brokerage house on August 27, 2015 in Beijing, China. (Kevin Frayer/Getty Images)

    China Blames Fed for Stock Market Rout

    When times are good, there is no reason to point fingers. When times are bad, there is still no reason to point fingers, but usually... Read more

  • William Dudley, president of the Federal Reserve Bank of New York, in a Nov. 7, 2014 file photo. (Eric Piermont/AFP/Getty Images)

    NY Fed’s Dudley Currently Less Inclined to Hike in September

    WASHINGTON—The head of the New York Federal Reserve Bank said Wednesday, Aug. 26, that he’s less inclined to support a Fed rate hike in September... Read more

  • A condo under construction in Toronto in 2014. (Epoch Times)

    Canadian Government’s Mortgage Rules Have Helped Contain Housing Risks

    OTTAWA—Rising home prices have increased household debt levels, but steps taken by regulators to tighten mortgage lending rules have helped manage the associated risks, according... Read more


    How the China Crash Influences World Markets

    Of course, stock markets worldwide were overvalued for quite some time and speculators were using margin debt to buy shares. So is this long overdue... Read more

  • A Chinese investor monitors stock prices at  a brokerage house in Beijing, Monday, Aug. 24, 2015. Stocks tumbled across Asia on Monday as investors shaken by the sell-off last week on Wall Street unloaded shares in practically every sector. (AP Photo/Mark Schiefelbein)

    Global Market Plunge Intensifies on Fears Over China

    TOKYO—World stock markets plunged and Wall Street was due to suffer heavy losses on Monday after China’s main index sank 8.5 percent amid fears over... Read more

  • johnson

    Robert Johnson Says America’s Income Inequality Calls Nation Into Question

    On the face of it, Robert Johnson’s career looks like the stereotypical case of somebody who has made it in finance. Having been educated at... Read more

  • Yuan banknotes and US dollars are seen on a table in Yichang, central China's Hubei province on Aug. 14. China's central bank raised the value of the yuan against the US dollar by 0.05 percent after three days of devaluation. (STR/AFP/Getty Images)

    Making Sense of China’s Currency Move

    It’s been a bit more than a week since China, the perceived bedrock of stability, shocked the markets and just let its currency fall by... Read more

  • Paramilitary policemen patrol in front of the People's Bank of China, the central bank of China, in Beijing on July 8. (Greg Baker/AFP/Getty Images)

    Yes, It’s a Slow Summer in the US But China Is Roiling

    Although U.S. financial markets have pulled back recently and some people think they are putting in a major top, the real action this summer is... Read more

  • Christine Lagarde, managing director of the International Monetary Fund (IMF), in this file photo. (AP Photo/Luis Hidalgo)

    The IMF’s China Power Play

    It seems China cannot catch a break. After the stock market crash and currency “liberalization,” it is the International Monetary Fund that is slowing down China’s... Read more

  • foreign currencA man stands in front of a A foreign currency exchange booth in Hong Kong on August 13, 2015. China cut the reference rate for its currency for the third straight day on August 13, authorities said, after their surprise devaluation of the yuan this week unsettled global financial markets. AFP PHOTO / Philippe Lopez (Photo credit should read PHILIPPE LOPEZ/AFP/Getty Images)y exchange booth in Hong Kong on August 13,

    Despite $4 Trillion in Reserves, China Is Strapped for Dollars

    More than a week after the devaluation of the Chinese yuan, most observers still think the 3 percent drop in the currency was meant to... Read more

  • Houses under construction in Toronto on June 26, 2015. (The Canadian Press/Graeme Roy)

    Canada’s Housing Market Will Slow ‘Modestly’ in 2016, Says RBC

    TORONTO—Activity in Canada’s real estate market will slow “modestly” next year as interest rates begin to rise, according to a report from RBC Economics released... Read more

  • Japanese Prime Minister Shinzo Abe during a parliamentary committee discussion on his controversial security bills at the National Diet in Tokyo on July 15, 2015. (Yoshikazu Tsuno/AFP/Getty Images)

    This Is How Japanese Suffer From Failed Growth Policies

    Japan’s GDP fell 1.6 percent annualized during the second quarter ending in June. This could mark Japan’s fifth recession since the great financial crisis of... Read more

  • (Vyacheslav Argenberg, CC BY 2.0)

    What the Expansion of the Suez Canal Shows About Shifts in Global Shipping

    Egypt has opened a second lane to the Suez Canal amid much fanfare. The US$8 billion dollar expansion adds 35km of new channels to the... Read more

  • Everything that we value is made possible by the human mind and the ideas that it generates. Intellectual property needs to be appreciated and better protected for economic prosperity. (Fotolia)

    Change in Attitude Critical for Protecting Intellectual Property

    Intellectual property is the lifeblood of today’s knowledge-based economy. It underpins economic prosperity as the currency of greatest value in today’s global world. The problem... Read more

  • FILE - In this July 16, 2015, file photo, Federal Reserve Chair Janet Yellen prepares to testify before the Senate Banking Committee on Capitol Hill in Washington. (AP Photo/Susan Walsh, File)

    Steady US Job Gains Likely Foretell a New Era: Higher Rates

    WASHINGTON — A new era of higher rates on home and car loans, steeper borrowing costs for businesses and the government — maybe even a... Read more

  • Top