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President Trump praised the state of the U.S. economy in a primetime address Wednesday evening, even though new government statistics show the nation’s unemployment rate is at a new four-year high of 4.6%. Dean Baker, senior economist at the Center for Economic and Policy Research, says Trump’s aides should be “wondering about the man’s sanity” after Wednesday’s speech. “This is utterly divorced from reality.” Though Trump blames former President Biden for the poor economy, Baker notes that Trump had inherited an “incredibly strong economy by almost every measure imaginable.”

Concerns about the real estate sector are among myriad issues facing China’s economy.

The loan is part of White House efforts to counter China’s influence on the continent, while gaining access to Africa’s vast mineral resources.

France and Italy backed away from the long-negotiated trade deal in recent days, under pressure from their agriculture sectors.

Why our economy wastes talent instead of solving the world’s biggest problems.

By Maya Schenwar & Negin Owliaei  for Truthout  It’s becoming something of a theme: Two massive companies are fighting to take over another massive company, in a deal that will enrich a variety of shareholders but leave the rest of us worse off. The news that Netflix struck a bid to take over movie powerhouse Warner Bros. […]

The bloc holds $246 billion in Russian assets, but it has been divided over whether to use the funds as a loan to Kyiv.

The news elevated worries on Wall Street and in Washington about the billions pouring into AI infrastructure.

Some of the biggest US tech players are teaming up in an effort to chip away at Nvidia’s lead in AI computing.