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Preview: Economic news -

Economic news -, the business website of CNN, combines business news and in-depth market analysis with practical advice and answers to personal finance questions.

Published: Thu, 19 Jan 2017 14:47:54 EST

Copyright: © 2017 Cable News Network LP, LLLP.

Mnuchin: Raise debt ceiling 'sooner rather than later'

Thu, 19 Jan 2017 14:24:45 EST

President-elect Trump's pick for Treasury Secretary tells lawmakers that honoring U.S. debt is the "most important thing" and that there "should be no uncertainty that we are paying our bills."(image)

China still dumping U.S. debt. But Russia is buying

Thu, 19 Jan 2017 10:32:45 EST

China and Japan sold a large amount of U.S. Treasury bonds in November. It's not just a reaction to Donald Trump and possible stimulus though. They have been selling bonds for months. If this continues, rates could creep even higher.(image)

Russian officials: We're not counting on Trump to lift sanctions

Thu, 19 Jan 2017 13:25:46 EST

Russian officials in Davos said they are not expecting Donald Trump to lift economic sanctions imposed on the country after it annexed Crimea from Ukraine.(image)

First cash, now India could ditch card payments by 2020

Thu, 19 Jan 2017 12:42:41 EST

Indian officials are touting a switch to biometric payments by 2020, eliminating the need for cash and cards altogether.(image)

Saudi oil minister: I don't lose sleep over shale

Thu, 19 Jan 2017 12:11:48 EST

Khalid al-Falih says he is not worried about increased competition from U.S. shale producers.(image)

Republican senator's bill aims to reel in Trump's trade power

Thu, 19 Jan 2017 10:11:58 EST

Republican senator Mike Lee is slated to introduce a bill Friday that would force President-elect Donald Trump to get approval from Congress to use tariffs or withdraw from trade deals.(image)

Trump was right about Mexican-made GM cars

Thu, 19 Jan 2017 10:04:03 EST

Read full story for latest details.(image)

Can China make it 4 quarters of identical growth in a row?

Thu, 19 Jan 2017 07:32:27 EST

Economists expect official figures to show that China's economy maintained its "uncanny stability" by growing at 6.7% for a fourth consecutive quarter.(image)

Minimum wage since 1938

Fri, 09 Dec 2016 17:51:58 EST

When the federal minimum wage first became law in 1938, it was 25 cents. Adjusted for inflation, that would be worth $4.19 today. Scroll over the chart to see historical minimum wage amounts, and their corresponding values in today's dollars.(image)

China to the U.S.: Let's talk about trade

Thu, 19 Jan 2017 07:42:06 EST

Beijing is seeking to defuse tension with the U.S. over trade, calling for dialogue to resolve problems.(image)

Countries with higher wages than the U.S.

Fri, 09 Dec 2016 17:53:53 EST

Some Republicans say high wages in the U.S. are hurting America's global competitiveness. See the countries where wages are even higher.(image)

The U.S. shale oil business is not dead

Thu, 19 Jan 2017 07:38:37 EST

Saudi Arabia tried to kill off the U.S. oil boom. Instead, it just made the industry more efficient.(image)

Yellen: U.S. is near 'maximum employment'

Wed, 18 Jan 2017 15:05:08 EST

Federal Reserve Chair Janet Yellen gave her outlook on monetary policy days before Donald Trump becomes president.(image)

2,000 GM workers to lose jobs on Trump Inauguration Day

Wed, 18 Jan 2017 10:43:51 EST

Read full story for latest details.(image)

Larry Summers: Trump's policies will kill more jobs than they save

Thu, 19 Jan 2017 03:43:46 EST

Read full story for latest details.(image)

China's first freight train to the U.K. arrives in London

Thu, 19 Jan 2017 04:06:48 EST

Read full story for latest details.(image)

Banks begin moving thousands of jobs out of Britain

Thu, 19 Jan 2017 08:39:32 EST

Britain's banking sector is bracing for a beating after Prime Minister Theresa May revealed that she wants a compete break with the European Union.(image)

Trump takes credit for saving Monsanto jobs, but ...

Tue, 17 Jan 2017 15:54:51 EST

Read full story for latest details.(image)

U.S. business in China cries foul on Xi's free trade talk

Wed, 18 Jan 2017 23:06:50 EST

Chinese President Xi Jinping is championing free trade, but U.S. companies that do business in his country don't buy it.(image)

Trump commerce pick once blasted 'protectionist monster mindset,' 'mindless China bashing'

Tue, 17 Jan 2017 17:50:24 EST

Wilbur Ross, Donald Trump's pick to be Commerce Secretary, criticized in 2007, politicians, who, he said, mindlessly bashed China in order to pander to voters.(image)