Markets Yields hit highest levels since December 2019 after jobs report NEW YORK: Yields of benchmark 10-year US Treasuries hit their highest levels since December 2019 on Friday after... Published 07 Feb, 2022 05:22am
World US job growth beats expectations in January; unemployment rate at 4.0% WASHINGTON: The US economy created far more jobs than expected in January even as raging COVID-19 infections... Published 04 Feb, 2022 07:31pm
Markets Lisa Cook, expert on economic scars of racism, now Biden Fed nominee WASHINGTON: A researcher focused on how discrimination has harmed the American economy and the damage downturns do ... Published 03 Feb, 2022 11:05am
Opinion With Fed set to hike US rates, ‘ultra-cheap money’ era nears end Consumers, companies and financial markets are bound to see borrowing costs rise as the Federal Reserve gets ready ... Published 29 Jan, 2022 06:05am
World US economy grew 5.7% in 2021, but Omicron hit looms WASHINGTON: The world's largest economy staged a solid recovery last year as it grew at the fastest pace since 1984,... Published 27 Jan, 2022 09:01pm
World US goods trade deficit hits record high; retail inventories surge WASHINGTON: The US trade deficit in goods widened to a record high in December as imports increased for a fifth... Published 26 Jan, 2022 09:52pm
World Any sanctions would impose 'asymmetric' costs on Russia: White House WASHINGTON: Any sanctions imposed on Russia over its aggression toward Ukraine would not particularly expose the US... Published 20 Jan, 2022 07:38pm
Markets US weekly jobless claims increase amid Omicron surge WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, likely... Published 20 Jan, 2022 07:03pm
Business & Finance Higher costs hit JPMorgan Chase as it reports huge 2021 profits NEW YORK: Higher labor costs bit into JPMorgan Chase’s fourth-quarter results, but the US bank on Friday still... Published 17 Jan, 2022 07:06am
Markets US weekly jobless claims rise; producer prices up moderately in December WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly rose in the first week... Published 13 Jan, 2022 08:51pm
World Powell to target inflation at confirmation, face trading scrutiny WASHINGTON: Federal Reserve Chair Jerome Powell will highlight the central bank’s efforts to fight inflation and... Published 12 Jan, 2022 04:25am
World Removing Fed stimulus won't undermine labor market: Powell WASHINGTON: Raising interest rates and otherwise removing the extraordinary stimulus the Federal Reserve provided to... Published 11 Jan, 2022 09:49pm
Markets US equity funds receive big inflows NEW YORK: US equity funds received robust inflows for a second week in the seven days to Dec. 29 as investors... Published 03 Jan, 2022 06:42am
Business & Finance Dollar on track for best year since 2015 NEW YORK: The dollar index dipped on Friday in quiet holiday trading, but was set to end 2021 with a gain of nearly... Published 01 Jan, 2022 04:07am
Markets S&P 500 set to end at record high on retail sales cheer NEW YORK: The S&P 500 was on track for a record closing high on Monday, as a strong retail sales report... Published 28 Dec, 2021 03:54am
Business & Finance Wall St Week Ahead-'Santa Claus' stocks rally? Investors look to Omicron for direction NEW YORK: Investors are closely watching the latest news on the rapidly spreading Omicron variant for signs of how... Updated 26 Dec, 2021 05:40pm
Opinion Omicron begins to leave mark on US economy, but unlikely to derail it The fast-spreading Omicron variant of COVID-19 has started leaving an imprint on slices of the US economy as some... Published 26 Dec, 2021 03:57am
Markets Wall Street rises as Fed gears up for inflation fight NEW YORK: Wall Street’s main indexes climbed on Thursday after the Federal Reserve announced a faster wind-down of... Published 17 Dec, 2021 04:30am
Markets Zinc soars as power crunch forces Nyrstar to idle French plant LONDON: Zinc prices jumped more than 5% on Thursday on supply concerns after Belgium-based Nyrstar said it would... Published 17 Dec, 2021 04:30am
World US weekly jobless claims rise moderately as labor market tightens WASHINGTON: The number of Americans filing new claims for unemployment benefits increased moderately last week,... Published 16 Dec, 2021 06:34pm
World US averts credit default with 11th-hour debt limit hike WASHINGTON: US lawmakers voted to raise the federal debt limit on Wednesday, eliminating the threat of a disastrous... Published 16 Dec, 2021 04:00am
World US import prices slow in November on petroleum WASHINGTON: US import price growth slowed in November from the prior month amid a moderation in the costs of... Updated 15 Dec, 2021 07:13pm
Markets US Fed poised to face down inflation dragon WASHINGTON: After more than a decade of tame inflation, a wave of prices increases has washed through the US ... Published 15 Dec, 2021 11:35am
Markets FTSE 100 rises to 3-week highs LONDON: UK’s FTSE 100 rose to a three-week highs on Tuesday, boosted by mining stocks and positive earnings... Published 08 Dec, 2021 06:22am
Markets Weak US jobs data a boon for stocks LONDON: Equities pushed higher on Friday after weak US jobs data reduced the likelihood of a quick tightening of US... Published 06 Dec, 2021 06:19am
Business & Finance Fed’s Powell warns Omicron poses risks to US economy WASHINGTON: The Omicron variant of Covid-19 could slow the recovery of the US economy and labor market and also... Published 01 Dec, 2021 03:52am
World US consumer prices surge; weekly jobless claims fall WASHINGTON: US consumer prices increased more than expected in October as the cost of gasoline and food surged,... Updated 10 Nov, 2021 06:44pm
Markets Stellar jobs data push US stocks to new records NEW YORK: Blockbuster job creation helped push US stocks to new records on Friday, with an added boost from news of... Published 08 Nov, 2021 05:19am
World US economy adds 531,000 jobs in October: govt WASHINGTON:- The US economy added 531,000 jobs last month and the unemployment rate dropped to 4.6 percent, the... Published 05 Nov, 2021 07:01pm
Business & Finance Fed set to begin stimulus taper amid sticky inflation WASHINGTON: The Federal Reserve is set to begin removing a major plank of the stimulus policies it rolled out last... Published 01 Nov, 2021 06:09am