Gold scales 1-year peak as slowdown worries mount NEW YORK: Safe-haven gold touched its highest in one year on Wednesday as recent US economic data fanned fears of a... Published 06 Apr, 2023 06:20am
World Biden kicks off campaign touting US economy DURHAM: President Joe Biden launched a new drive Tuesday to promote a major theme of his expected reelection... Published 31 Mar, 2023 06:45am
World US annual house price growth slows further in January WASHINGTON: U.S. single-family home prices moderated further on an annual basis in January, which together with... Published 28 Mar, 2023 08:20pm
World US weekly jobless claims edge lower WASHINGTON: The number of Americans filing new claims for unemployment benefits edged down last week, showing no... Published 23 Mar, 2023 06:24pm
World US import prices fall in February, post first annual drop since 2020 WASHINGTON: U.S. import prices fell in February as a decline in the cost of fuels offset increases in food, capital... Published 16 Mar, 2023 06:49pm
World US weekly jobless claims fall more than expected WASHINGTON: The number of Americans filing new claims for unemployment benefits fell more than expected last week,... Published 16 Mar, 2023 06:15pm
World US consumer prices increase solidly in February WASHINGTON: US consumer prices increased in February amid sticky rental housing costs, but economists are divided on... Published 14 Mar, 2023 06:06pm
Business & Finance Dollar weakens after US jobs data NEW YORK: The dollar weakened on Friday after US labor data showed slower wage growth, suggesting inflation ... Published 13 Mar, 2023 06:15am
World US job cuts over Jan-Feb hit highest since 2009: report Layoffs by US companies over January and February touched the highest since 2009, with the tech sector accounting... Published 09 Mar, 2023 05:48pm
Opinion Has US shot the dollar in the foot? Who could’ve known that one of the unintended consequences of the Ukraine war would be the first signs of a shift... Published 09 Mar, 2023 06:23am
World US Fed warns of 'widespread' inflationary pressures WASHINGTON: The Federal Reserve warned Wednesday that the United States still faces "widespread" inflationary... Published 09 Mar, 2023 01:24am
World US trade deficit widens slightly in January WASHINGTON: The US trade deficit widened in January on a pickup in imports, to mark the biggest gap in three months,... Published 08 Mar, 2023 07:54pm
World Hawkish Powell puts 50 bp Fed rate hikes back on table NEW YORK: The Federal Reserve will likely need to raise interest rates more than expected in response to recent... Published 07 Mar, 2023 08:38pm
Opinion Sharp drop in equity premium may mark return of 60/40 portfolio The reward for holding US stocks over Treasury bonds has not been this unattractive since 2004, possibly setting the... Published 04 Mar, 2023 06:39am
World US manufacturing sector contracts again WASHINGTON: US manufacturing contracted for a fourth straight month in February, but there were signs that factory... Published 02 Mar, 2023 06:24am
Markets Wall St set for February losses as rate fears grow NEW YORK: The benchmark S&P 500 slipped and the main US indexes were set for monthly losses on Tuesday as... Published 01 Mar, 2023 07:25am
World US GDP up 2.7% in fourth quarter, less than earlier reported WASHINGTON: The US economy grew slightly less than reported in the final three months last year, the Commerce... Published 23 Feb, 2023 07:45pm
Business & Finance Dollar flat but data continues to support NEW YORK: The dollar fell against the pound but held steady against most of its peers on Tuesday, as economic data... Published 22 Feb, 2023 03:30am
World US import prices post seventh straight monthly decline in January WASHINGTON: US import prices dropped for a seventh straight month in January amid declining costs for energy... Published 17 Feb, 2023 07:08pm
World US single-family housing starts, building permits tumble in January WASHINGTON: US single-family homebuilding fell in January, but an easing in mortgage rates and improvement in... Published 16 Feb, 2023 07:23pm
World US weekly jobless claims fall; monthly producer prices rebound WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly fell last week,... Published 16 Feb, 2023 07:04pm
World Fed’s Mester says more rate hikes needed to combat inflation Federal Reserve Bank of Cleveland President Loretta Mester said Thursday inflation remains too high and noted that... Published 16 Feb, 2023 07:00pm
Markets S&P 500, Dow slip after retail sales data; megacaps lift Nasdaq NEW YORK: The S&P 500 and the Dow fell on Wednesday after stronger-than-expected retail sales data offered more... Published 16 Feb, 2023 07:03am
World US retail sales rebound strongly in January WASHINGTON: US retail sales rebounded sharply in January after two straight monthly declines, driven by purchases of... Published 15 Feb, 2023 07:01pm
Print IMF chief says markets have good reasons to be more upbeat on economy DUBAI: The head of the International Monetary Fund (IMF) said on Monday that financial markets have good reason to... Updated 14 Feb, 2023 09:03am
Business & Finance US posts $39bn Jan deficit after pension fund bailout WASHINGTON: The US government posted a $39 billion budget deficit for January after a $119 billion monthly surplus a... Published 13 Feb, 2023 05:57am
World Fed’s foot ‘unequivocally’ on brake, sensible to move slower, Barkin says WASHINGTON: Tight monetary policy is “unequivocally” slowing the U.S. economy, allowing the Federal Reserve to move... Published 09 Feb, 2023 07:53pm
World Biden to push for new taxes WASHINGTON: US President Joe Biden will face Republicans who question his legitimacy and a public concerned about ... Published 08 Feb, 2023 06:10am
World Fed’s Kashkari sticks to 5.4% rate hike view after ‘surprising’ jobs report The Federal Reserve will probably have to raise interest rates to at least 5.4% in order to tame high inflation with... Published 07 Feb, 2023 06:15pm
Markets Wall Street edges lower on Fed fears; Tyson Foods slides NEW YORK: US stock indexes edged lower on Monday with Tyson Foods falling on disappointing quarterly results, while... Published 07 Feb, 2023 06:07am