China Claims U.S. Balloon Violates Sovereignty, Warns of Retaliation – Bloomberg

China has accused the United States of infringing on its sovereignty and threatened to retaliate. Despite speculation that the top diplomats of the United States and China will meet in Germany, it could exacerbate long-running tensions in the U.S.-China relationship. China’s foreign ministry spokesman Wang Wenbin said at a news conference in Beijing on Wednesday … Read more

Mysterious unidentified flying object shot down by US military costs more than 58 million yen per shot-Bloomberg

As the mysteries surrounding the balloon and three unidentified objects shot down by US forces in recent days continue, at least one thing is clear. It’s the weapon used to shoot down. The balloon that crashed off the coast of South Carolina, which the US claims was used for Chinese reconnaissance, and the unidentified objects … Read more

Fed Governor Bowman Says ‘More Tightening Needed’ to Target Inflation – Bloomberg

U.S. Federal Reserve Governor John Bowman said the Fed will likely need to continue raising interest rates to curb inflation. He said continued rate hikes could slow the pace of economic expansion and affect the labor market. Bowman speaks at a regional bank conference in Orlando, Fla., Thursday. “We are still far from achieving price … Read more

U.S., China diplomat considers first meeting since hot air balloon dispute – Bloomberg

US Secretary of State Brinken is considering meeting China’s top diplomat, Wang Yi, at the Munich Security Conference in Germany this week. This was confirmed by several people familiar with the matter. If done, it would be the first meeting between top diplomats since tensions rose between the two countries over a Chinese balloon suspected … Read more

China Ready to Shoot Down Unidentified Object Flying Near Qingdao, Report – Bloomberg

China is preparing to shoot down an unidentified object it has seen flying over waters near the port city of Qingdao in Shandong province.The country’s pervasive newspaperreported。 “Relevant authorities” are reportedly preparing to shoot down the object, said an official with the Qingdao Jimo Marine Development Authority. The personnel was not told what the object … Read more

Michigan Consumer Confidence Index Hits 1-Year High in February – Bloomberg

The University of Michigan Consumer Confidence Index hit a one-year high in February. Although the expectations index fell slightly, the improvement in the current situation index contributed. Inflation expectations for the year ahead rose, but remained well below levels seen in the first half of last year. Key Point Preliminary University of Michigan Consumer Confidence … Read more

U.S. Unemployment Claims Rise for First Time in Six Weeks, Still at Historic Low – Bloomberg

Last week, U.S. unemployment claims rose for the first time in six weeks. However, it is still near a historically low level, indicating that the employment market is strong even in the midst of growing economic uncertainty. Key Point Initial claims for unemployment insurance in the week ending February 4 increased by 13,000 from the … Read more