Tue, 21-Oct-2025

Biden, Fed chair discuss US inflation at White House

President Joe Biden will hold a rare White House meeting with Federal Reserve Chairman Jerome Powell on Tuesday to discuss soaring inflation and White House efforts to tame the politically damaging price surge ahead of the midterm elections. Biden and Powell will “discuss the state of the American and global economies,” according to the White … Read more

Hong Kong stocks close lower

Hong Kong stocks

Hong Kong stocks closed decreased on Thursday, tracking Wall Street falls on issues of inflation and US economic tightening. The Hang Seng Index dropped 2.24 percent, 444.23 points, to 19,380.34. The Shanghai Composite Index dropped 0.12 percent, or 3.71 points, to 3,054.99, while the Shenzhen Composite Index on China’s second exchange rose 0.16 percent, or … Read more