US business activity slows in May, survey shows WASHINGTON: US business activity slowed moderately in May as higher prices cooled demand for services while renewed... Published 24 May, 2022 06:52pm
World US private payrolls slow; trade deficit hits record high WASHINGTON: U.S. private employers hired the fewest workers in two years in April, likely hampered by persistent... Published 04 May, 2022 08:52pm
Business & Finance US consumer spending accelerates; wage inflation rising WASHINGTON: US consumer spending rose more than expected in March amid strong demand for services, while monthly... Published 30 Apr, 2022 07:09am
Markets Gold jumps on dollar pullback LONDON: Gold prices jumped more than a 1% on Friday, boosted by a pullback in the dollar, although bullion was ... Published 30 Apr, 2022 05:53am
World Big Fed rate hikes ahead, amid early signs hot inflation is peaking US Federal Reserve policymakers look set to deliver a series of aggressive interest rate hikes at least until the... Published 29 Apr, 2022 08:57pm
World US consumer spending accelerates; wage inflation rising WASHINGTON: US consumer spending rose more than expected in March amid strong demand for services, while monthly... Published 29 Apr, 2022 07:29pm
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
World US economy unexpectedly contracts in first quarter WASHINGTON: US economic growth unexpectedly contracted in the first quarter as a resurgence in COVID-19 cases... Published 28 Apr, 2022 08:20pm
World US Treasury’s Yellen calls for better automatic stabilizers to fight recessions WASHINGTON: US Treasury Secretary Janet Yellen on Thursday called for a modernization of the US unemployment... Published 28 Apr, 2022 07:56pm
World US existing home sales fall; house prices hit record high WASHINGTON: US home sales fell more than expected in March as house prices hit a record high despite some... Published 20 Apr, 2022 07:34pm
World Home prices seen rising, renters see purchase prospects fade: NY Fed survey U.S. households expect home prices and rents to rise sharply this year, and while growth in both are then seen... Published 18 Apr, 2022 09:20pm
Markets US banks build Russia reserves; trading a bright spot in results WASHINGTON: Some big US banks have again started stockpiling cash to cushion potential loan losses due to growing... Published 14 Apr, 2022 08:30pm
World US consumer mood brightens in early April, survey shows US consumer sentiment rebounded unexpectedly in early April from a decade low with the strong job market lifting the... Published 14 Apr, 2022 08:25pm
World US mortgage interest rates top 5%, buyers look to lock in rates The average interest rate on the most popular US home loan rose to more than 5% last week, the highest level since... Published 13 Apr, 2022 08:19pm
World Goods, services drive U.S. producer prices higher WASHINGTON: U.S. monthly producer prices increased by the most in more than 12 years in March amid strong demand for... Published 13 Apr, 2022 08:08pm
Markets US consumer prices increase most in 16-1/2 years in March In the 12 months through March, the CPI accelerated 8.5%, the largest year-on-year gain since December 1981 Published 12 Apr, 2022 05:57pm
Markets Wall Street Week Ahead: Beaten-down growth stocks alluring as Fed slows US economy NEW YORK: Some investors are looking for bargains in beaten-down growth and tech stocks, betting they will shine as... Published 11 Apr, 2022 07:08am
Opinion Aggressive Fed balance sheet runoff could jolt flattened yield curve Investors are gauging whether comparatively quick balance sheet reduction by the Federal Reserve could perk up the... Published 08 Apr, 2022 05:28am
Markets Shares turn mixed, 2-year Treasury yields near 2.5% SYDNEY: World share markets were mixed on Monday amid talk of yet more sanctions against Russia over its invasion of... Published 04 Apr, 2022 11:26am
Business & Finance US auto sales slump as less affluent buyers walk away NEW YORK: US new vehicle sales could fall to the lowest first-quarter volume in the past decade as chip shortages ... Published 30 Mar, 2022 07:16am
Business & Finance Dollar little changed with Powell on deck NEW YORK: The dollar was little changed versus a basket of major currencies on Monday, as investors looked toward... Published 22 Mar, 2022 05:21am
Business & Finance US economy flexes muscle with jobless benefit rolls at 52-year low; factories humming WASHINGTON: The number of Americans filing new claims for unemployment benefits fell last week as demand for labor... Published 18 Mar, 2022 05:20am
Markets US retail sales increase moderately in February WASHINGTON: US retail sales rose moderately in February as more expensive gasoline and food forced households to cut... Published 16 Mar, 2022 06:28pm
World US economy adds 678,000 jobs in February, jobless rate 3.8%: govt WASHINGTON: US employers added 678,000 workers to their payrolls in February, driving the unemployment rate down to... Published 04 Mar, 2022 07:37pm
World Ukraine war impact on US economy 'highly uncertain’: Fed's Powell WASHINGTON: The impact of the conflict in Ukraine on the US economy is "highly uncertain," and the central bank will... Published 02 Mar, 2022 07:03pm
Markets Wall Street retreats as Ukraine crisis hammers financial stocks NEW YORK: Wall Street’s main indexes slipped on Tuesday with financial stocks bearing the brunt for a second... Published 02 Mar, 2022 04:35am
Markets US Fed official sees big hike at March meeting, warns of Ukraine impact WASHINGTON: The US economy is healthy enough that interest rates should go from their current zero level to one... Published 25 Feb, 2022 10:51am
Markets US weekly jobless claims fall; fourth-quarter GDP growth revised slightly up WASHINGTON: The number of Americans filing new claims for unemployment benefits fell slightly more than expected ... Published 24 Feb, 2022 07:12pm
World El Salvador's Bukele tells bitcoin-wary US senators to stay out of internal affairs MEXICO CITY: President Nayib Bukele on Wednesday asked US senators to stay out of El Salvador's "internal affairs"... Published 17 Feb, 2022 12:20pm
World US rate futures lift chances of 50 bps hike in March after strong CPI data NEW YORK: Federal funds rate futures on Thursday have increased the chances of a half percentage-point tightening by... Published 10 Feb, 2022 09:26pm