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07/02/2026
Federal Reserve Governor Milan: Based on market core PCE inflation is quite close to 2%.
Latest
9 m ago
Han Encryption Exchange mistakenly sent users more than $40 billion worth of Bitcoin and will compensate some users for their losses.
16 m ago
Shanghai Medical Insurance Bureau held a collective symposium on designated mental health care institutions in the city.
35 m ago
Zeiss Greater China headquarters complex in Pudong, Shanghai has begun construction.
39 m ago
The widespread application of artificial intelligence and computer chips in various sectors of the economy is driving the semiconductor industry's revenue to reach 1 trillion U.S. dollars for the first time this year. According to the Semiconductor Industry Association (SIA), it is predicted that the total sales of the semiconductor industry will reach 791.7 billion U.S. dollars by 2025 and will further increase by 26% in 2026. SIA CEO John Neuffer stated that the speed at which the semiconductor market is surpassing the trillion-dollar mark far exceeds expectations, which is a good sign for the entire business world. The huge demand for new data center computers has brought in substantial profits for companies like NVIDIA, Micron Technology, and other chip manufacturers. This has enabled the industry to continue to exceed growth expectations. Neuffer stated that previous forecasters believed it would take another four years for the industry to reach the trillion-dollar mark.
49 m ago
Trump has always portrayed himself as the main spokesperson for the Republican Party in addressing cost of living issues. Since December of last year, Trump has given five speeches on economic issues, in which he has claimed nearly 20 times that inflation has been controlled or significantly decreased, and nearly 30 times claimed that prices are falling. These statements contradict the close to 3% inflation rate over the past year, and the firsthand experience of voters paying higher prices for necessities. For example, since Trump took office a year ago, beef prices have risen by 18% and coffee prices have risen by 29%. Republican strategists say that giving conflicting information on the issues that voters care most about could damage his and the Republican Party's reputations before the mid-term elections in November, when control of Congress will be tested. Polls show that American voters are deeply dissatisfied with Trump's economic policies.
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