Trade between the United States and China hit a record high in 2022, even as political tension heightened between the world’s top two economies. The bilateral goods trade between the countries rose to $690.6 billion last year, according to official US data, which was released…

CSX Transportation announced Tuesday that it had reached a deal with two railroad unions regarding paid sick leave. The agreement reached between CSX and the Brotherhood of Maintenance of Way Employes Division, which represents engineers, and the Brotherhood of Railway Carmen, which represents mechanical workers,…

Even for a famously frugal nation, Chinese people saved a lot last year. Stuck at home due to Covid restrictions, they socked away a record $2.6 trillion. Now that life is returning to normal, hopes are high that consumers will spend with a vengeance, providing…

Millions of Californians in 2022 got a special check from their state government to offer relief from a variety of negative economic events including inflation. Millions of taxpayers in other states got different types of special payments from their state governments as well — such…

As retail sales took a bit of a breather in December, so did the credit cards. US consumers’ outstanding credit grew by $11.56 billion to end the year, according to Federal Reserve data released Tuesday. It’s the lowest monthly gain since January 2021 and well…

Zoom on Tuesday said it will lay off about 1,300 employees, or approximately 15% of its staff, becoming the latest tech company to announce significant job cuts as a pandemic-fueled surge in demand for digital services wanes. In a memo to employees, Zoom’s CEO Eric…