News analysis Amid soaring inflation, mainland China and Hong Kong central banks chose to respond in opposing ways to the U.S. Federal Reserve’s aggressive interest rate hikes, with China loosening its monetary policy, and Hong Kong raising interest rates. On June 15, the Fed raised the primary credit rate by 75 basis points, the largest increase…

Tesla hiked its prices for its electric vehicles in the United States and China for the second time in a week, after CEO Elon Musk said that the company was facing inflation pressures in raw materials and logistics. The electric car company had last raised its prices on March 9. Tesla’s Model 3 and Model Y…

The fourth quarter started off with a healthy surge of retail sales, giving the economy a much-needed boost, as Americans eagerly started their holiday shopping early on to avoid empty retail shelves amidst supply chain bottlenecks and resulting shortages. The Commerce Department reported Tuesday that retail sales, a measure taken to calculate consumer spending at…