US consumer prices fall in December; weekly jobless claims edge down WASHINGTON: US consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December amid... Published 12 Jan, 2023 07:06pm
Business & Finance Dollar holds near seven-month lows as traders await data NEW YORK: The dollar was little changed versus the euro and other major currencies on Tuesday, hovering around its... Published 11 Jan, 2023 05:53am
World US wholesale inventories rise solidly in November; sales fall WASHINGTON: US wholesale inventories increased strongly in November as sales declined amid higher borrowing costs,... Published 10 Jan, 2023 08:32pm
World US small-business sentiment skids to half-year low US small-business confidence slid to a six-month low in December, according to a survey on Tuesday, which also... Published 10 Jan, 2023 04:50pm
Opinion Lofty US home prices persist despite interest rate hikes Higher borrowing costs are leading to fewer US home sales, but prices are staying elevated in a holdover from the... Published 07 Jan, 2023 06:00am
Markets C$ rallies as jobs surge bolsters rate hike bets TORONTO: The Canadian dollar strengthened against its US counterpart on Friday, recouping its earlier decline, as... Published 06 Jan, 2023 07:56pm
Business & Finance US job openings remain elevated; manufacturing slump continues WASHINGTON: US job openings fell less than expected in November as the labor market remains tight, which could see... Published 05 Jan, 2023 05:58am
World US construction spending rebounds in November WASHINGTON: US construction spending unexpectedly rebounded in November, lifted by gains in nonresidential... Published 03 Jan, 2023 08:41pm
Opinion Outlook 2023 After a very disappointing and disorderly year end, the global market is probably heading for another difficult... Published 03 Jan, 2023 03:25am
World New Fed research flags rising risk of US recession NEW YORK: Just over half of the 50 US states are exhibiting signs of slowing economic activity, breaching a key... Published 30 Dec, 2022 11:13pm
World US weekly jobless claims ticked higher last week The number of Americans filing new claims for unemployment benefits edged higher last week but remain in a range... Published 29 Dec, 2022 07:51pm
Business & Finance Fed’s preferred inflation gauge eases while spending stalls WASHINGTON: A key indicator of US inflation edged down in November, according to government data released Friday, in... Published 24 Dec, 2022 05:50am
Business & Finance US third quarter GDP revised up to 3.2pc with help from spending WASHINGTON: The US economy expanded 3.2 percent in the third quarter, the Commerce Department said Thursday, in a... Published 23 Dec, 2022 06:49am
Opinion Fed’s balance sheet drawdown could sunset next year The Federal Reserve’s ongoing efforts to shrink its balance sheet may end earlier than once thought, even as the ... Published 23 Dec, 2022 06:14am
Business & Finance Dollar edges higher as US data lends support NEW YORK: The US dollar edged higher against most major peers on Thursday after US data pointed to labor market... Published 23 Dec, 2022 05:54am
World US weekly jobless claims rise slightly; third-quarter GDP revised higher WASHINGTON: The number of Americans filing new claims for unemployment benefits increased less than expected last... Published 22 Dec, 2022 08:10pm
World US GDP in Q3 revised up to 3.2%: government WASHINGTON: The US economy expanded 3.2 percent in the third quarter this year, the Commerce Department said... Published 22 Dec, 2022 07:27pm
Opinion Investors count on bonds to rescue battered 60/40 portfolio in 2023 Proponents of the so-called 60-40 portfolio are betting the strategy may soften the blow of a possible US recession... Published 22 Dec, 2022 05:57am
World US existing home sales fall for 10th straight month in November WASHINGTON: US existing home sales slumped to a 2-1/2 year low in November as the housing market continued to be... Published 21 Dec, 2022 09:16pm
World US current account deficit shrinks in third quarter WASHINGTON: The US current account deficit narrowed sharply in the third quarter as exports jumped to a record high,... Published 21 Dec, 2022 08:11pm
Markets Energy, financial stocks lift Wall St after BOJ policy surprise NEW YORK: Wall Street’s main indexes edged higher on Tuesday, led by energy and financial stocks, after the Bank ... Published 21 Dec, 2022 06:05am
Business & Finance Fed could push rates higher, keep them there longer, policymakers say NEW YORK/SAN FRANCISCO: Federal Reserve policymakers may need to lift US borrowing costs above the peak 5.1% they... Published 19 Dec, 2022 07:32am
World Recession, or recession-ish? Fed outlook for US walks a fine line WASHINGTON: Like many economists, Vanguard’s Joe Davis thinks the United States will experience a recession in 2023,... Published 16 Dec, 2022 04:40pm
World US import prices fall for fifth straight month in November WASHINGTON: US import prices fell for a fifth straight month in November, weighed down by decreases in the costs of... Published 14 Dec, 2022 07:14pm
World Biden: Inflation coming down, more work to be done WASHINGTON: President Joe Biden said on Tuesday that inflation in the United States was coming down and things were... Published 13 Dec, 2022 09:33pm
World US consumer prices increase moderately in November WASHINGTON: US consumer prices barely rose in November amid declines in the cost of gasoline and used cars, leading... Published 13 Dec, 2022 06:54pm
World US small-business sentiment rises in November WASHINGTON: US small-business confidence rebounded in November, according to a survey on Tuesday, which also showed... Published 13 Dec, 2022 04:51pm
Print Oil rebounds, but still on track for biggest weekly declines NEW YORK: Oil prices gained around a dollar on Friday, but global benchmarks were set for their biggest weekly... Updated 10 Dec, 2022 09:59am
World US producer prices increase in November WASHINGTON: US producer prices increased a bit more than expected in November, but the underlying trend in inflation... Published 09 Dec, 2022 07:05pm
World US weekly jobless claims rise; continuing claims at 10-month high WASHINGTON: The number of Americans filing new claims for jobless benefits increased moderately last week, while... Published 08 Dec, 2022 07:53pm