IMF Warns Surge in U.S., China Debt Could Have 'Profound' Impact on Global Economy
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Last pandas in the U.S. have a timetable to fly back to China
Atlanta received Lun Lun and Yang Yang from China in 1999 as part of a 25-year loan agreement that will soon expire.CBS News - Top stories - China -
How Black men could impact the 2024 election
NBC News' Trymaine Lee reports on how Black men could be pivotal to the 2024 presidential election.NBC News - Top stories -
Global Economy Will Grow More Than Expected, U.N. Report Says
An update to January forecasts suggests the world's economic growth rate will hit 2.7 percent in 2024, thanks to a better U.S. outlook and improved prospects for some larger emerging economies.Inc. - Business -
U.S. officials privately warned telecommunications companies that undersea cables that carry internet traffic across the Pacific Ocean could be vulnerable to tampering by Chinese repair ships.
U.S. officials privately warned telecommunications companies that undersea cables that carry internet traffic across the Pacific Ocean could be vulnerable to tampering by Chinese repair ships.The Wall Street Journal - World -
Soaring debt and deficits causing worry about threats to the economy and markets
Government debt that has swelled nearly 50% is capturing increasing worry both on Wall Street and in Washington.CNBC - Business -
RSAC 2024 reveals the impact AI is having on strengthening cybersecurity infrastructure
Quickly progressing from first-generation chatbots to an essential ingredient of the high-octane fuel that’s running hyperscalers and cybersecurity platforms, AI’s dominance at RASC 2024 proves it is the DNA of cybersecurity. RSAC’s theme of “the ...VentureBeat - Tech -
High debt levels put Europe at risk of ‘adverse shocks’, ECB warns
‘Fiscal slippage’ leaves countries vulnerable to geopolitical tensions and higher interest rates, says central bankFinancial Times - World -
China is a 'critical' global supplier, full decoupling may be impossible, survey shows
Chinese companies are growing more optimistic about a rise in trade exports as firms show no signs of fully decoupling from China, according to Allianz Trade.CNBC - Business - China -
Surging shipping costs could complicate Fed’s inflation fight
While supply shortages have eased greatly in the past few years, they have not entirely gone away.MarketWatch - Business - Inflation -
Many remember solid economy under Trump, but his record also full of hype, debt
Numbers show that the economy during Donald Trump’s presidency has never lived up to his own hypeABC News - Top stories -
Leading index for U.S. economy sinks again and points to slower growth
The leading indicators for the U.S. economy fell in April for the second month in a row and pointed to ”serious headwinds to growth.”MarketWatch - Business -
Canada Goose jumps 16% after the company reports growth surge in China
Shares of Canada Goose soared 16% on Thursday after the apparel company reported better-than-expected revenue and earnings for its fiscal fourth quarter.CNBC - Business - China -
Canada wildfires prompt U.S. air quality warnings
Canada is battling several wildfires that are prompting air quality concerns in the U.S. Dr. Alice Chen, a primary care physician, joins CBS News with more details on the health risks that come with raging wildfires.CBS News - Top stories -
Sony Music warns global tech and streamers over AI use of its artists
Music group representing Adele and Beyoncé contacts more than 700 companies to prohibit use of contentFinancial Times - Business -
Democratic donors warn Biden that Gaza stance threatens re-election bid
Fears grow that party split on Israel-Hamas war could favour Trump in November voteFinancial Times - Business - Joe Biden -
Last pandas in the U.S. are going back to China
The last pandas in the U.S. --four at Zoo Atlanta -- will soon be heading back to China this fall as a loan agreement expiresCBS News - Top stories - China -
The U.S. Finally Has a Strategy to Compete With China. Will It Work?
The strategy, which took seven years to come together, is a three-legged stool consisting of tariffs, security restrictions and tech subsidies.The Wall Street Journal - World -
Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li said Thursday.CNBC - Business -
Trump’s immigration plan could add trillions of dollars to national debt, fueling inflation and market jitters
Donald Trump’s tax and spending plans for his would-be second term in office imply a willingness to see the federal budget deficit rise to truly unprecedented levels.MarketWatch - Business -
A massive earnings surge could lift the Dow to 60,000 and the S&P 500 to 8,000, says top Wall Street strategist
Yardeni Research’s chief investment strategist, Ed Yardeni, told clients in a note that the stock indexes could soar even higher thanks toMarketWatch - Business -
The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?MarketWatch - Business -
30-year Treasury yield falls for 3rd straight week after data indicate ‘serious headwinds’ for U.S. economy
Rates on U.S. government debt finished slightly higher on Friday even after new Conference Board data pointed to softer economic conditions ahead. However, yields finished lower for the week, with the 30-year rate experiencing its third straight ...MarketWatch - Business -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
Why Biden's China tariffs could hurt his climate agenda
As President Biden strives to prove his pro-manufacturing and anti-China credentials ahead of his likely election rematch with former President Trump, his far-reaching climate agenda could pay a price. Biden this past week hiked tariffs on ...The Hill - Politics -
The battlegrounds that could decide a US-China war over Taiwan
Five key military contests are likely to determine the outcome of a conflictFinancial Times - Business - China -
‘The stress is killing me’: I’m 73 and crumbling under $200,000 in debt — and I have no savings. Can anyone help me?
“I’m current with all my bills but barely make minimum payments.”MarketWatch - Business -
Klopp: I could have won more trophies at Liverpool
Jürgen Klopp has admitted that Liverpool could have won more trophies during his tenure but added that he's "absolutely fine" with their haul as he feels he "couldn't have done more" during his time at Anfield.ESPN - Sports -
The U.S. opposes a proposed global wealth tax on billionaires, Treasury Secretary Yellen said, rejecting an idea floated by Brazil, France and other countries.
The U.S. opposes a proposed global wealth tax on billionaires, Treasury Secretary Yellen said, rejecting an idea floated by Brazil, France and other countries.The Wall Street Journal - World -
Putin meets Xi as Russia-China ties flourish amid tension with U.S.
Xi Jinping welcomes Vladimir Putin to Beijing - talking peace in Ukraine amid a backdrop of war and growing tension with the U.S. and NATO.CBS News - Politics - China -
Microsoft Asks Hundreds of China-Based AI Staff to Consider Relocating Amid U.S.-China Tensions
The request comes as the Biden administration toughens controls on China’s access to cutting-edge American technology.The Wall Street Journal - Tech - China -
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Walmart may just be a pit stop for high-income consumers.CNBC - Business -
World's oceans have gone 'crazy haywire,' officials warn, with majority of coral reefs in peril
Oceans are record-hot, and nearly two-thirds of the world’s coral reefs have experienced heat stress at levels high enough to cause bleaching, NOAA said.NBC News - Top stories -
How the world could have looked: the most spectacular buildings that were never made
A mega egg in Paris, a hovering hotel in Machu Picchu, an hourglass tower in New York, a pleasure island in Baghdad … we reveal the architectural visions that were just too costly – or too weird. Did you know that, if things had gone differently, ...The Guardian - World -
Family of Lewiston, Maine gunman testifies and says more could have been done
The family of the gunman who killed 18 people in Lewiston, Maine testified in front of a commission Thursday, saying more could have been done to help him and prevent the mass shooting.CBS News - Top stories -
The Supreme Court rejected a conservative-backed challenge that could have dismantled the Consumer Financial Protection Bureau.
The Supreme Court rejected a conservative-backed challenge that could have dismantled the Consumer Financial Protection Bureau.The Wall Street Journal - World -
China sanctions Boeing, two other U.S. defense companies on day of Taiwan's presidential inauguration
China sanctions Boeing, two other U.S. defense companies on day of Taiwan's presidential inaugurationABC News - World - China -
Smaller European brands are embracing the U.S. as alternative growth markets such as China and Russia become increasingly fraught.
Smaller European brands are embracing the U.S. as alternative growth markets such as China and Russia become increasingly fraught.The Wall Street Journal - World - China -
U.S. military says trucks have started bringing aid into Gaza over American-constructed pier
Trucks carrying humanitarian aid began moving ashore into Gaza Friday using a temporary pier built by the United States, delivering desperately needed supplies to the besieged Palestinian enclave.NBC News - Top stories -
The 10 most impactful offseason moves
After a busy couple of months in the NFL, Liz Loza lists the moves that meant the most in the fantasy world this offseason.ESPN - Sports -
Will Scheffler's arrest impact the PGA Championship?
Masters champion Scottie Scheffler was arrested and booked after being involved in an apparent traffic incident near the scene of a pedestrian fatality investigation. Ann Liguori, the host of WAFN's "Talking Golf," joins CBS News with more on the ...CBS News - Top stories