Economy

by: Reuters
Source: The Epoch Times
11/21/2023

Yen Jumps and Dollar Slips as Traders Eye Interest Rate Tweaks

LONDON/SINGAPORE—The yen rallied against the dollar for a fourth straight session on Tuesday as investors positioned for the possibility that the Bank of Japan will tighten monetary policy next year while the Federal Reserve loosens. The dollar hit its lowest level since mid-September at 147.16 yen and was last down 0.61 percent at 147.45. More […]

Economy

11.21.23

by: Katabella Roberts
Source: The Epoch Times
11/21/2023

Amazon Launches Free AI Courses for Millions Amid Growing Demand for AI-Savvy Workforce

Amazon plans to train and educate millions of people across the globe on artificial intelligence (AI) for free, the company announced on Nov. 20. The tech giant plans to offer the free training amid what it says is a growing need for an AI-savvy workforce, according to a press release. The company cited a recent study […]

Economy, Life

11.20.23

by: Frank Fang
Source: The Epoch Times
11/20/2023

Musk Responds to Allegations of Anti-Semitism: ‘Nothing Could Be Further From the Truth’

Tech billionaire Elon Musk on Sunday criticized “bogus media stories” for allegations that he was anti-Semitic, following his response to a controversial social media post last week. “This past week, there were hundreds of bogus media stories claiming that I am antisemitic,” Mr. Musk wrote in a post on X, formerly known as Twitter. “Nothing […]

Politics, Economy

11.20.23

by: Naveen Athrappully
Source: The Epoch Times
11/20/2023

‘New Years’ Nightmare’: IRS Targets Gig Workers, Sends 30 Million New Tax Forms

The agency is charging new taxes on Americans who make a side income of more than $600 from activities like online selling or freelance work.

Economy

11.20.23

by: Reuters
Source: The Epoch Times
11/16/2023

Oil Prices Slip on US Crude Build and China Demand Worries

Oil prices edged lower on Thursday, extending losses from the previous session as signals of higher supply from the United States met concern over lacklustre energy demand from China. Brent futures were down 23 cents at $80.95 a barrel by 1101 GMT. U.S. West Texas Intermediate crude (WTI) shed 27 cents to $76.39. Both benchmarks […]

Economy

11.16.23

by: Reuters
Source: The Epoch Times
11/15/2023

US Postal Service Reports $6.5 Billion Net Loss for 2023 Fiscal Year

WASHINGTON—The U.S. Postal Service on Tuesday reported a $6.5 billion net loss for the 12 months ending Sept. 30 and said it will not breakeven next year as first-class mail fell to the lowest volume since 1968. The Postal Service said revenue fell 0.4 percent to $78.2 billion results. U.S. Postmaster General Louis DeJoy said […]

Economy

11.15.23

by: Reuters
Source: The Epoch Times
11/15/2023

Oil Dips on Prospect of Peak US Production, Despite Strong Demand Signals

LONDON—Oil prices dipped on Wednesday amid signs the United States, the world’s biggest oil producer, is at peak production, offsetting positive crude demand signals from top consumer China. Brent futures were down 29 cents to $82.18 a barrel at 1207 GMT, while U.S. West Texas Intermediate (WTI) crude was down 32 cents to $77.94. China’s […]