US President Donald Trump has cancelled a planned meeting with Democrats. The US government is set to shut down in a week, and there have been no negotiations to find a way out of the crisis. "After reviewing the details of the unserious and ridiculous demands made by a handful of radical left Democrats, I have decided that a meeting with their congressional leaders is unlikely to yield anything," Trump wrote on Truth Social on Tuesday. Trump and Republicans are pushing for a seven-week stopgap ...
Regulators could eliminate a rule that has long restricted banks' trading of Treasuries this summer, Treasury Secretary Vincent Bescent said. Mr. Bescent said he was very close to taking action on supplemental leverage ratio (SLR) rules. He pointed out that the three big bank regulators - the Federal Reserve, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) - are working on the issue and "I think we may see results in the summer". Existing ...
On March 15th, today, the China Consumer Association announced the top ten consumer rights protection public opinion hotspots in 2024, involving the following outstanding issues of consumer rights protection: ① "Professional store closures" help merchants run away and harm consumers; ② Concert "wrong goods" and "pillar tickets" affect consumer experience; ③ Automatic renewal service "hidden mystery" was complained by consumers; ④ Consumers questioned the platform's big data "kill"; ⑤ D...
On March 6, Minister of Finance Lan Foan said at the economic theme press conference of the third session of the 14th National People's Congress on March 6 that the linkage between fiscal and financial policies will be strengthened, and two new loan discount policies will be implemented to stimulate consumption momentum. One is to give financial discount to personal consumption loans in key areas to reduce the pressure on current expenditure. The other is to provide financial discount to busines...
US consumers' expectations of long-term inflation rose to their highest level in three decades amid fears that Mr. Trump's tariffs will lead to higher prices. According to the University of Michigan's Consumer Confidence Survey, consumers expect prices to rise at an annual rate of 3.5 per cent over the next five to 10 years, the highest level since 1995 in data compiled by Bloomberg.
U.S. consumers are increasingly concerned about potential price increases and economic uncertainty. Click to view...
Federal Reserve Governor Paul Waller: The recent consumer price index has been disappointing, but this may be due to seasonal adjustment issues.
Another class of employees at the U.S. Consumer Financial Protection Bureau (CFPB) received termination notices on Thursday, according to five sources and the termination letter, suggesting the Trump administration is firing federal employees more than just probation period employees. The notices were sent to dozens of so-called "fixed-term employees," all full-time employees with contracts with termination dates. The notices show the termination letters, dated Feb. 13, were sent by Adam Martine...
President Trump: [Asked if consumers can expect prices to rise] Not necessarily.
According to the official announcement, the decentralized AI consumer layer project MyShell will hold a token generation event (TGE) on Binance Wallet and PancakeSwap on February 13 from 10:00 to 21:59 (UTC + 8). The total amount of SHELL tokens raised in this issue is 800,000 US dollars, and the circulation is 40 million, accounting for 4% of the total supply. Users can use BNB to participate in the subscription, the unit price is 0.00003175 BNB (about 0.02 US dollars), and the single user subs...