Trends - Commerce Department - Business Recorder

Commerce Department

Moderate US economic growth expected in second quarter

WASHINGTON: The US economy likely maintained a moderate pace of growth in the second quarter as labor market...

Published 27 Jul, 2023 10:23am

Markets

Biden’s budget plan would boost childcare funding by billions of dollars

WASHINGTON: US President Joe Biden’s fiscal 2024 budget plan would boost federal funding for childcare and early...

Published 09 Mar, 2023 11:24am

World

US adds units of China’s BGI, Inspur, and Pakistani firms to trade blacklist

The Biden administration on Thursday added 37 companies to a trade blacklist, including units of Chinese genetics...

Published 03 Mar, 2023 03:28pm

Business & Finance

US manufactured goods orders slump on fall in aircrafts segment

WASHINGTON: Orders for big-ticket US manufactured goods dropped more than expected in November, bogged down by a...

Published 23 Dec, 2022 07:51pm

Business & Finance

US economy sees surprise Q1 contraction despite solid spending

WASHINGTON: The US economy shrank in the first quarter of 2022 as the Omicron variant of the coronavirus hampered...

Published 29 Apr, 2022 05:43am

Business & Finance

Biden orders government to study digital dollar, other cryptocurrency risks

WASHINGTON: US President Joe Biden will sign an executive order on Wednesday requiring the government to assess the...

Published 09 Mar, 2022 04:27pm

Business & Finance

US trade deficit ends 2021 with slight increase

WASHINGTON: The United States ended a year that saw a big increase in the trade deficit with a slight but unexpected...

Published 09 Feb, 2022 05:46am

Business & Finance

Delta variant likely slammed brakes on US economic growth in third quarter

WASHINGTON: The US economy likely grew at its slowest pace in more than a year in the third quarter as COVID-19...

Published 28 Oct, 2021 10:35am

World

Higher prices help to boost US retail sales in September

Retail sales increase 0.7% in September
Higher prices contributed to boosting receipts
Core retail sales rise 0.8%; August revised slightly up

Updated 15 Oct, 2021 07:23pm

Business & Finance

US manufactured goods’ growth slows in June

WASHINGTON: Orders for big-ticket manufactured goods grew at a slower-than-expected pace last month in the United...

Published 28 Jul, 2021 04:45am

World

US housing starts rise less than expected in May; building permits fall

Housing starts rose 3.6% to a seasonally adjusted annual rate of 1.572 million units last month.
Though lumber prices dropped from a record high set in early May, softwood lumber prices increased 154.3% year-on-year in May.

Published 16 Jun, 2021 06:05pm

Business & Finance

US retail sales take step back

WASHINGTON: US retail sales dropped more than expected in May, with spending rotating back to services from goods as...

Published 16 Jun, 2021 03:39am

World

US inflation surges in April; consumer spending moderates

Core PCE price index jumps 0.7% in April.
Core PCE price index accelerates 3.1% year-on-year.
Consumer spending increases 0.5%; income drops 13.1%.

Published 28 May, 2021 08:53pm

Markets

Australia shares close at record high on mining, energy boost

The broader market was also aided by an uptick in US shares overnight after data showed an improvement in the labour market.

Published 28 May, 2021 02:37pm

World

US home prices rose more than expected in March

The S&P/Case Shiller composite index of 20 metropolitan areas gained 13.3% through the 12 months ended in March on a seasonally adjusted basis, the largest annual price increase since December 2013. A Reuters poll of economists had forecast a 12.3% increase.
On month-to-month basis, the 20-city composite index rose 1.6% from February. Economists polled by Reuters had been expecting a 1.2% increase.

Published 25 May, 2021 08:02pm

Business & Finance

Fiscal stimulus powers US economic growth in Q1

WASHINGTON: US economic growth accelerated in the first quarter as the government gave money to mostly lower-income...

Updated 30 Apr, 2021 10:31am

Business & Finance

US goods trade deficit vaults to record high

WASHINGTON: The US trade deficit in goods jumped to a record high in March, suggesting trade was a drag on economic...

Updated 29 Apr, 2021 10:04am

Business & Finance

US business spending on equipment ends Q1 on strong note

WASHINGTON: New orders for key US-made capital goods rose solidly in March and shipments surged, cementing...

Updated 27 Apr, 2021 10:05am

World

US business spending on equipment ends first quarter on strong note

Core capital goods orders increase 0.9%.
Core capital good shipments rebound 1.3%.
Durable goods orders rise 0.5%.

Published 26 Apr, 2021 08:40pm

Business & Finance

Cold weather chills US manufacturing, retail sales production

WASHINGTON: US retail sales fell more than expected in February amid bitterly cold weather across the country, but a...

Updated 17 Mar, 2021 09:42am

World

US consumer spending rebounds; inflation muted

Consumer spending increases 2.4% in January.
Personal income jumps 10%; saving rate rises to 20.5%.
Core PCE price index rises 0.3%; up 1.5% year-on-year.

Published 26 Feb, 2021 09:03pm

World

US consumer spending falls again; inflation gradually rising

Consumer spending falls 0.2% in December.
Inflation adjusted consumer spending drops 0.6%.
Core PCE price index rises 0.3%; up 1.5% year-on-year.
Employment cost index increases 0.7% in fourth quarter.

Published 29 Jan, 2021 08:19pm

Markets

US stocks stage partial rebound from rout

Most topped expectations, but shares of these companies were mixed.

Published 29 Jan, 2021 09:52am

World

US Senate panel to hold Jan 26 hearing on Biden Commerce nominee

People briefed on the matter said Tuesday it was unlikely any deal would be reached before Trump leaves office on Wednesday. The Treasury Department did not respond to repeated requests for comment.

Published 20 Jan, 2021 12:27pm

Markets

Yields fall as retail sales reflect weak economy

Retail sales dropped 0.7% last month, the Commerce Department said. Data for November was revised down to show sales declining 1.4% instead of 1.1% as previously reported.
This morning's disappointing retail sales figures reinforced the idea that more stimulus will be needed.

Published 15 Jan, 2021 08:58pm

World

US wholesale inventories revised up in November

The Commerce Department estimated last month that wholesale inventories dipped 0.1% in November.
Inventories decreased 2.1% in November from a year earlier.

Published 08 Jan, 2021 09:11pm

Technology

US cyber agency says SolarWinds hackers are 'impacting' state, local governments

Reuters has previously reported that Pima County, Arizona was among the victims of the wave of intrusions.

Published 24 Dec, 2020 09:43am

World

COVID-19 surge, depleted fiscal stimulus depress US retail sales

Retail sales fall 1.1% in November; October revised down.
Core retail sales drop 0.5%; dip 0.1% in October.
November decline in sales almost across the board.

Published 17 Dec, 2020 01:16am

Business & Finance

U.S. retail sales decrease more than expected in November

October’s decrease was the first since April, when stringent measures to control the first wave of coronavirus cases crippled the economy.

Published 16 Dec, 2020 07:09pm

Business & Finance

Asian countries, Switzerland at risk in US Treasury's currency report

Win Thin, global head of currency strategy at BBH in New York downplayed the report as "totally politicized" under Trump.

Published 16 Dec, 2020 11:55am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 1	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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