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Tag: US economy


News

US economy up 6.4% in Q1 with stronger future gains expected

June 24, 2021

Via: ABC News

The U.S. economy grew at a solid 6.4% rate in the first three months of this year, setting the stage for what economists are forecasting could be the strongest year for the economy in possibly seven decades. The Commerce Department […]


News

US jobless claims rise to 885,000 amid resurgence of virus

December 17, 2020

Via: ABC News

The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy’s recovery from its springtime collapse. The Labor Department said Thursday that […]


News

US Economy Gains Only 245,000 Jobs In November As Virus Intensifies

December 4, 2020

Via: HuffPost

America’s employers scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown. At the same time, the unemployment rate to a still-high 6.7%, […]


News

As virus rages, US economy struggles to sustain a recovery

August 28, 2020

Via: NBC News

Home sales are booming. Stocks are setting record highs. Industrial production is clambering out of the ditch it fell into early this year. And yet the U.S. economy is nowhere close to regaining the health it achieved, with low unemployment, […]


Finance Tech, Liquidity

Gold prices head higher after Friday fall as investors bet on continued central-bank stimulus

June 8, 2020

Via: Market Watch

Gold prices on Monday rose off a two-month low as investors wagered that stimulus from central banks will remain in place for the foreseeable future, bolstering the case for bullion, despite a powerful rebound from equities off their lows in […]


News

US economy grew at 2.1% rate in fourth quarter

March 26, 2020

Via: ABC News

The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp contraction due to the impact […]


News

Fed cuts rates by half a percentage point to combat coronavirus slowdown

March 4, 2020

Via: CNBC

The Federal Reserve announced an emergency rate cut Tuesday of half a percentage point in response to the growing economic threat from the novel coronavirus. The move was the first such cut since December 2008, during the financial crisis. It […]


Finance Tech, Trading

Global stocks slump as coronavirus cases spread

February 26, 2020

Via: USA TODAY

U.S. stocks stabilized Wednesday as investors continued to weigh the fast-spreading coronavirus and its impact on the economy. The Dow Jones industrial average jumped 300 points after shedding nearly 2,000 points over the past two days. Heading into Wednesday, the […]


News

US weekly jobless claims rise slightly, while mid-Atlantic factory activity accelerates

February 20, 2020

Via: CNBC

The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment. There was encouraging news on the struggling […]


Finance Tech, Trading

U.S. Trade Deficit Shrinks Amid Trump Trade War

February 5, 2020

Via: The New York Times

WASHINGTON — The overall United States trade deficit shrank last year as the American economy cooled and President Trump waged an aggressive global trade war to rewrite America’s trading terms. The trade deficit for both goods and services fell to […]


News

US new home sales drop in December for the third straight month

January 27, 2020

Via: CNBC

Sales of new U.S. single-family homes unexpectedly fell in December, likely held down by a shortage of more affordable homes, but the housing market remains supported by lower mortgage rates. The Commerce Department said on Monday new home sales slipped […]


News

US housing starts soar 16.9% in December to a 13-year high

January 17, 2020

Via: CNBC

U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record. Housing starts […]


News

Private payroll growth surges in December to end 2019 strong, ADP says

January 8, 2020

Via: CNBC

Private payroll growth ended 2019 on a strong note, with companies adding 202,000 positions in December in another sign of a healthy labor market, according to a report Wednesday from ADP and Moody’s Analytics. The total was well above the […]


Industries, Retail & Wholesale

Is the U.S. Consumer ‘Wavering’? Slowing Retail Sales Are a Warning Sign That the Economy May Be in Trouble

October 17, 2019

Via: Fortune

If the U.S. economy has a hero in 2019, it’s the American consumer. Amid a global slowdown and bearish forecasts of a U.S. recession, bulls have consistently pointed to robust consumer spending as a strong trend that can shore up […]


Finance Tech, Trading

Consumers are really starting to worry about the trade war

September 27, 2019

Via: CNBC

U.S. consumers are getting increasingly anxious about the trade war with China despite a recent thaw in the tensions ahead of the trade talks next month. The University of Michigan’s Surveys of Consumers showed in September a near record number […]


News

US economy grew at a moderate 2% annual rate last quarter

August 29, 2019

Via: ABC News

The U.S. economy grew more slowly in the spring, and many economists think the slowdown will continue and perhaps complicate President Donald Trump’s hopes that a surging economy enhance his 2020 re-election hopes. The gross domestic product, the broadest gauge […]


News

June jobs report could show whether US economy is weakening

July 5, 2019

Via: ABC News

The June jobs report being released Friday will likely help determine whether the U.S. economy has stabilized or is gradually weakening. The evidence is conflicting. Consumer spending has solidified. Home sales are rebounding. But America’s manufacturing sector is slowing along […]


News

US economy grew at solid 3.1% rate in first quarter

June 27, 2019

Via: ABC News

The U.S. economy grew at a healthy 3.1% rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between […]


Finance Tech, Trading

Trump’s trade wars are putting the US economy at risk. But the Federal Reserve doesn’t appear ready to step in just yet.

June 18, 2019

Via: Business Insider

The Federal Reserve is expected to leave borrowing costs unchanged Wednesday at the end of a two-day policy meeting, even as President Donald Trump continues to call on officials to lower them. The president has renewed pressure on the Fed […]


Finance Tech, Trading

World shares extend losses ahead of US economic growth data

April 26, 2019

Via: ABC News

Shares edged lower in Europe on Friday following a lackluster day in Asia ahead of the release of U.S. economic growth data later in the day. Benchmarks fell Friday in Paris, London, Tokyo and Shanghai but rose in Hong Kong […]