Tag: U.S.

March 8, 2024

U.S. stocks inched broadly higher on Friday after a widely-anticipated labor market report showed that the American economy added more jobs than expected last month, although January’s blockbuster number was revised sharply lower. By 09:40 ET (14:40 GMT), the S&P […]

February 23, 2023

The U.S. economy appears to be exhibiting strength early this year, after posting solid, but slightly weaker, growth at the end of 2022. Gross domestic product, a broad measure of the goods and services produced across the U.S., rose at […]

February 17, 2023

U.S. Treasury Secretary Janet Yellen will travel to India next week for G20 finance meetings that will focus on unblocking distressed-country debt restructuring, boosting support for Ukraine and reforming multilateral development banks, a Treasury official said. Yellen will join fellow […]

December 27, 2022

India’s housing market is defying the downdraft that has inflicted home sales and prices in the U.S. and most of the developed world. Affluent Indians who kept working during the pandemic but throttled back on spending are returning to the […]

December 13, 2022

The year with the highest inflation in four decades is drawing to a close, with November figures set to show the latest trajectory of price increases that have challenged the Federal Reserve’s ability to keep the U.S. economy on track. […]

October 27, 2022

Global stock markets were mixed Thursday ahead of an update on the U.S. economy and a European Central Bank meeting that is expected to raise its key interest rate to a 13-year high to fight stubborn inflation. London and Hong […]

October 13, 2022

The annual U.S. inflation rate was little changed in September, hitting 8.2% year over year compared with August’s 8.3% reading as the pace of price increases remains at multidecade highs, causing pain for many households. High prices for food, shelter […]

July 8, 2022

Treasury Secretary Janet Yellen this month will visit the Indo-Pacific for the first time since taking over the department and will use the trip to make the U.S. case for a price cap on Russian oil aimed at reducing revenue […]

October 25, 2018

Just when you thought it was safe to go back in the market. If you’re an investor who was lulled to sleep by the stock market’s calm, steady gains this summer, you’re wide awake by now. Stocks have swooned over […]

July 6, 2018

WASHINGTON — U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs in a sign of confidence despite the start of a trade war with China. The Labor Department said Friday that the unemployment rate rose […]

June 4, 2018

Global gross domestic product (GDP) growth could take a hit to the order of around one percent if tariff threats escalate into a trade war, S&P Global’s chief economist forecast Monday. It may not be a global recession, but “one […]

April 9, 2018

U.S. stocks are climbing Monday as the market recovers, at least for now, from the trade tensions between the U.S. and China that sent stocks lower last week. Technology companies like Apple and Microsoft are bouncing back from their recent […]

April 6, 2018

To quote Will Ferrell in the hit movie Anchorman, “Boy, that escalated quickly.” On Friday, China’s Commerce Ministry said it would fight “at any cost” new $100 billion tariffs proposed by U.S. President Donald Trump, indicating Beijing’s resolve to respond […]

April 3, 2018

European stocks started the second quarter on the back foot following a US market sell-off. The majority of European indices did not trade on Monday as the continent observed Easter, but trading in the US resumed, where all three major […]

April 2, 2018

An apprehensive return for investors after the long holiday weekend was in the cards for Monday, as Nasdaq-100 futures led U.S. stocks lower. It was an early sign that selling for tech stocks has not quite finished. Investors were kicking […]

March 8, 2018

WASHINGTON — President Donald Trump could finalize new tariffs on imported steel and aluminum as soon as Thursday as he looks to make good on years of fiery threats to confront allies and rivals alike on trade policy. Trump’s plan […]

February 16, 2018

Headlines dripped with scorn when Kimberly-Clark (KMB, +2.74%) announced in January that it would lay off 5,000 to 5,500 employees. The company “celebrates the Trump tax cuts with massive layoffs, share buybacks,” said Salon, and will “use savings from tax […]

January 10, 2018

Global economic growth is in full swing, but the party could come to an end in a couple of years. The World Bank just upgraded its forecast for this year after a stronger than expected 2017. Countries around the world […]

January 2, 2018

Former U.S. Treasury Secretary Jacob J. Lew said the Trump administration’s decision to add a significant amount of debt through last year’s tax legislation is leaving the country broke. “It’s a ticking time bomb in terms of the debt,” Lew […]

December 21, 2017

The U.S. economy grew at a solid 3.2 percent annual rate from July through September, slightly slower than previously estimated but still enough to give the country the best back-to-back quarterly growth rates in three years. The figure was revised […]