Economy

China’s housing market continues to face challenges as the country aims to restore its economy to pre-pandemic levels. The latest industrial production data from China showed that industrial production growth slowed to 5.6% in May, down more than 1% from the previous month’s figure. Seana Smith and Madison Mills of Yahoo Finance break down the details. For more expert insights …

The question was not about President Biden, whose poll numbers show deep dissatisfaction with his handling of the economy. It was for Jerome Powell, chairman of the Federal Reserve, held at a press conference after the central bank’s decision last week to leave interest rates at the highest level in two decades to further reduce inflation. “I don’t think anybody …

London CNN – Beijing has launched an investigation into pork prices from the European Union, targeting a major EU food export just days after Brussels raised tariffs on electric vehicles from China. The move risks escalating tension in one of the world’s biggest trade relationships and will raise fears among EU exporters that Beijing could go after their goods to …

LaBELLE, Fla. (AP) – One of Florida’s poorest counties is preparing for the new Airglades Airport, a $300 million cargo hub that could transform its economy. Local leaders see the project as a generational opportunity, one that could bring more than 1,400 new high-skilled jobs to their largely agricultural community on the edge of the Everglades. But to fulfill his …