Rohit Chopra, director of the CFPB, testifies during a House Financial Services Committee hearing on June 14, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy now, pay later industry have the same federal...
China’s sweeping measures to prop up the property sector will need time to show results
BEIJING — China's sweeping moves on Friday to increase support for real estate will take time to show results, analysts said. Despite the news, S&P is still sticking to its base case from earlier in the month that China's property market is likely still "searching for a bottom," Edward Chan,...
China consumption slows as retail sales and investment data disappoint
Pictured here is a BYD factory producing new energy-powered trucks in Huai'an, China, on February 21, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust. Retail sales rose by 2.3% in...
China’s economy reveals pockets of softness. Here’s what to watch ahead of Friday’s data
BEIJING — As China's economy moves into the second quarter of the year, a few indicators are pointing to sluggish growth ahead if things don't turn around, raising expectations for monetary policy easing. The National Bureau of Statistics is due to release data on retail sales, industrial production and fixed...