Economy - Page 2

Biden’s Parting Gift: Inflation Accelerated In December

U.S. consumer prices climbed at a faster rate in December, capping off the inflation-plagued Biden administration’s final year and suggesting that the Federal Reserve’s efforts to bring down inflation may have run out of steam. The Consumer Price Index increased

WASHINGTON, DC - JULY 14: U.S. President Joe Biden arrives to deliver remarks on the assas

China’s Trade Surplus Hits Record $990 Billion

China’s General Administration of Customs announced on Monday that exports for 2024 totaled $3.58 trillion, while imports were $2.59 trillion, creating a $990 billion trade surplus that easily surpassed the previous record of $838 billion in 2022.

a large cargo ship loaded with lots of containers

Epic Games CEO Blasts Big Tech for Being Fake Democrats Now ‘Pretending’ to Be Republicans

Tim Sweeney, the CEO of Fortnite developer Epic Games and a frequent critic of Apple and Google, has accused the Silicon Valley Masters of the Universe of cozying up to President-elect Donald Trump in an attempt to influence the administration’s antitrust policies. Sweeney wrote, “After years of pretending to be Democrats, Big Tech leaders are now pretending to be Republicans, in hopes of currying favor with the new administration.”

Tim Cook makes a bizarre face as Donald Trump speaks