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US economy

US weekly jobless claims increase moderately

WASHINGTON: The number of Americans filing new claims for unemployment benefits increased moderately last week,...

Published 22 Sep, 2022 06:02pm

World

US existing home sales fall less than expected in August

WASHINGTON: US existing home sales dropped for the seventh straight month in August as affordability deteriorated...

Published 21 Sep, 2022 07:19pm

World

US mortgage interest rates reach 6.25%, highest level since October 2008

The average interest rate on the most popular US home loan climbed to its highest level since October 2008, Mortgage...

Published 21 Sep, 2022 04:38pm

World

Goldman Sachs cuts 2023 US GDP forecasts

NEW YORK: Goldman Sachs cut its forecast for 2023 U.S. Gross Domestic Product as it projects a more aggressive...

Published 17 Sep, 2022 09:21pm

World

US consumer inflation expectations fall in September; sentiment rises

WASHINGTON: US consumers’ near-term inflation expectations fell to a one-year low in September and the outlook over...

Published 16 Sep, 2022 08:59pm

Markets

Wall St slides as economic data backs hawkish Fed

NEW YORK: Wall Street’s main indexes fell on Thursday, with technology and growth stocks leading the way as a slew...

Published 16 Sep, 2022 06:04am

World

US producer prices fall for second straight month in August

WASHINGTON: US producer prices fell for second straight month in August as energy prices declined further, data...

Published 14 Sep, 2022 07:05pm

World

US mortgage interest rates top 6% for first time since 2008

The average interest rate on the most popular US home loan rose above 6% for the first time since 2008 and is now...

Updated 14 Sep, 2022 05:30pm

World

US small business sentiment rises in August: NFIB

WASHINGTON: US small-business confidence improved in August as worries about inflation subsided and demand for...

Published 13 Sep, 2022 05:59pm

World

Biden seeks to avert economically damaging US train strike

WASHINGTON: President Joe Biden on Monday sought to mediate in a labor dispute threatening to paralyze the US train...

Published 13 Sep, 2022 12:15pm

World

US consumer inflation expectations ease again, NY Fed says

US consumers’ inflation expectations slid further in August as gasoline prices extended their steep decline from...

Published 12 Sep, 2022 08:50pm

World

On Fed rate hikes, George calls for steadiness over speed

Kansas City Federal Reserve Bank President Esther George on Friday made the case for a “sustained policy response”...

Published 09 Sep, 2022 09:25pm

World

Fed’s Powell hopeful inflation can be tamed without pain of Volcker era

WASHINGTON: The Federal Reserve is “strongly committed” to fighting inflation, but there remains hope it can be done...

Published 08 Sep, 2022 08:49pm

Markets

Wall Street rebounds as yields slip, focus on Fed path

NEW YORK: US stock indexes climbed on Wednesday following a recent selloff as bond yields eased, while investors...

Published 08 Sep, 2022 05:43am

World

Revisions confirm steep decline in US productivity in second quarter

WASHINGTON: US worker productivity plunged in the second quarter, leading to the largest year-on-year decline on...

Published 01 Sep, 2022 06:25pm

World

Fed’s Mester: interest rates need to rise ‘somewhat above’ 4%

The U.S. Federal Reserve will need to raise interest rates somewhat above 4% by early next year and then hold them...

Published 31 Aug, 2022 05:43pm

World

US job openings rise in July; vacancies revised higher

WASHINGTON: US job openings increased in July, showing no signs that demand for labor was slowing, which could keep...

Published 30 Aug, 2022 08:40pm

World

Fed could ‘dial back’ 75-basis-point hikes if inflation slows, Bostic says

WASHINGTON: The Federal Reserve could have reason to ‘dial back’ from its 75-basis-point interest rate hikes if new...

Published 30 Aug, 2022 08:28pm

Markets

Wall Street hits fresh one-month lows on rate hike worries

NEW YORK: US stock indexes hit fresh one-month lows on Monday, adding to a sharp selloff last week as investors...

Published 30 Aug, 2022 06:21am

Markets

UK stocks log worst week since mid-June

LONDON: UK stock indexes fell on Friday to log their biggest weekly decline since mid-June as concern mounted about ...

Published 29 Aug, 2022 05:44am

Markets

Wall Street ends in a hole after Powell’s Wyoming speech

NEW YORK: Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserve Chief Jerome...

Published 29 Aug, 2022 05:44am

Markets

Gulf stocks fall on tight monetary policy outlook

DUBAI: Major Gulf stock markets ended lower on Sunday as investors in the region reacted to comments by Federal...

Published 29 Aug, 2022 05:44am

Business & Finance

Senator Warren worries that Fed will tip US economy into recession

WASHINGTON: Democratic US Senator Elizabeth Warren said on Sunday that she was very worried that the Federal Reserve...

Updated 29 Aug, 2022 09:40am

Business & Finance

Sterling set for weekly loss

LONDON: The British pound fell on Friday, on track for a weekly loss after a hawkish speech by US Federal Reserve...

Published 29 Aug, 2022 05:44am

Business & Finance

Russian rouble eases past 60 vs dollar, stocks edge higher

MOSCOW: The Russian rouble weakened past the 60-mark against the dollar on Friday as support from month-end tax...

Published 29 Aug, 2022 05:44am

Markets

Gold slides after Powell doubles down on tight monetary policy

NEW YORK: Gold fell over 1% on Friday after Federal Reserve Chair Jerome Powell in his speech at Jackson Hole said...

Published 28 Aug, 2022 06:10am

World

US consumer spending misses expectation in July; inflation slows

WASHINGTON: US consumer spending barely rose in July, but inflation eased considerably, which could give the Federal...

Published 26 Aug, 2022 07:11pm

Business & Finance

Indian rupee little changed

MUMBAI: The Indian rupee traded in a narrow range on Thursday, held in check by strong domestic dollar demand from...

Published 26 Aug, 2022 05:35am

World

Fed has ‘a lot of time’ before next rate decision needs to be made, Barkin says

OCEAN CITY: U.S. central bank officials have “a lot of time still” before they need to decide how large an interest...

Published 19 Aug, 2022 09:18pm

World

US existing home sales fall for sixth straight month; prices remain elevated

WASHINGTON: US existing home sales fell to a fresh two-year low in July, further evidence that the Federal Reserve’s...

Published 18 Aug, 2022 07:37pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 24 786 Investments Limited(786)	4.41 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 24 Al-Abbas Sugar Mills Limited(AABS)	304 ▼ 0.00 (0.00%)
Agro Allianz / Sep 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 24 Allied Bank Limited(ABL)	63.50 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 24 Abbott Laboratories (Pakistan) Limited(ABOT)	576.84 ▼ 0.00 (0.00%)
Abson Ind. / Sep 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 24 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Sep 24 Attock Cement Pakistan Limited(ACPL)	77.50 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 24 786 Investments Limited(786)	4.41 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 24 Al-Abbas Sugar Mills Limited(AABS)	304 ▼ 0.00 (0.00%)
Agro Allianz / Sep 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 24 Allied Bank Limited(ABL)	63.50 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 24 Abbott Laboratories (Pakistan) Limited(ABOT)	576.84 ▼ 0.00 (0.00%)
Abson Ind. / Sep 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 24 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Sep 24 Attock Cement Pakistan Limited(ACPL)	77.50 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 23	240.75
USD PKR Interbank Buying / Sep 23	239.75
USD to Japanese Yen / Sep 23	143.31
USD to Swiss Franc / Sep 23	0.98
Pound Sterling to USD / Sep 23	1.09
Euro to USD / Sep 23	0.97
UK LIBOR % / Sep 22	2.32

Stock	Volume
S&P 500 / Sep 23	3693.23
India Sensex / Sep 23	58098.92
Tokyo Nikkei / Sep 23	27153.83
Nasdaq / Sep 23	10867.93
Hang Seng / Sep 23	17933.27
FTSE 100 / Sep 23	7018.60
Dow Jones / Sep 23	29590.41
Germany DAX 30 / Sep 23	12284.19
France CAC40 / Sep 23	5783.41

Item	Value
Crude Oil USD/Barrel / Sep 23	78.74
Karachi Cotton PKR/37.32 KG / Sep 23	22735
Gold 10 Grams PKR / Sep 23	131902
Gold Spot USD/Ounce / Sep 23	1643.94
Cotton US¢/pound / Sep 23	92.54

US economy

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