Business & Markets
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China’s Financial Outlook Gets Another Downgrade
Fitch allows China to keep its still-high credit rating but to the finance ministry’s chagrin, downgrades the country’s outlook.
Watchdog Blasts IRS for ‘Significant Deficiencies’ That Put Sensitive Taxpayer Data at Risk
The IRS recently disclosed that it managed to rake in a near-record $4.7 trillion in taxes last year.
Cost of Buying an American Home Shatters All Previous Records
Over the decade, the sales price of a median US home has doubled, rising by 50 percent in just the past five years.
Group Issues Major Warning on Federal Agency’s Proposed Tax Increase
A policy group this week warned that the U.S. Department of Treasury’s proposed budget could significant increase taxes for certain Americans.
China’s Steel Oversupply Sparks Global Trade Tensions, Strategic Concerns
‘China’s steel overcapacity is not just an economic issue but a strategic consideration,’ Wang He said.
Washington’s Fiscal Mess Is Irresponsible, Unethical, Immoral: Former US Comptroller General
‘We’ve lost our sense of stewardship,’ David Walker said.
Slowing GDP, Rising Inflation Bad Timing for Biden, Bad News for the Fed
‘This is Bidenomics,’ former President Donald Trump said on Thursday. ‘It’s destroying our country.’
Ford’s Latest Earnings Report Reveals Automaker Losing $65,000 for Each Electric Vehicle Sold
The company’s chief executive admitted that the EV division was a ‘huge drag, not just on Ford, but on our whole industry.’
TikTok’s Chinese Owner Dismisses Sales Rumor Amid Potential US Ban
President Biden signed a bill requiring the sale of TikTok by Jan. 19, 2025.
