US business activity weakens again in October: S&P Global survey US business activity contracted for a fourth straight month in October, with manufacturers and services firms in a... Published 24 Oct, 2022 06:57pm
Markets Gold jumps on Fed rate path doubts as dollar flips down NEW YORK: Gold prices rose more than 1% on Friday, on track for a weekly rise, as the dollar turned negative, with... Published 24 Oct, 2022 05:45am
World US industrial output rises in September on manufacturing gain WASHINGTON: US industrial production picked up more than anticipated in September, official data showed Tuesday, as... Published 18 Oct, 2022 07:25pm
World US retail sales unexpectedly flat in September WASHINGTON: US retail sales were unexpectedly unchanged in September as stubbornly high inflation and rapidly rising... Published 14 Oct, 2022 06:13pm
World US consumer prices increase more than expected in September; weekly jobless claims rise WASHINGTON: US consumer prices increased more than expected in September and underlying inflation pressures... Published 13 Oct, 2022 06:29pm
Opinion ‘Classic case of good news is bad news’ Every day in the markets is a trip to school these days. Last week began with hopes of the Federal Reserve pivoting... Published 13 Oct, 2022 05:59am
World US producer prices increase more than expected in September WASHINGTON: US producer prices increased more than expected in September amid strong gains in the costs of services... Published 12 Oct, 2022 06:18pm
Markets S&P 500, Nasdaq fall on fears of profit hit from inflation, rate hikes NEW YORK: The S&P 500 and the Nasdaq fell on Tuesday in the run-up to a key inflation reading and the start of... Published 12 Oct, 2022 05:46am
World Evans: close alignment on rate hikes, still chance for soft landing CHICAGO: There is a strong consensus at the U.S. Federal Reserve to raise the target policy rate to around 4.5% by... Published 10 Oct, 2022 09:45pm
Business & Finance Oil jumps 4pc to 5-week high lifted by OPEC+ output cut NEW YORK: Oil prices jumped about 4% to a five-week high on Friday, lifted again by an OPEC+ decision this week to... Updated 08 Oct, 2022 10:23am
World US hiring slows in September as unemployment rate dips WASHINGTON: Hiring in the US economy slowed slightly in September, as expected, while the jobless rate ticked back... Published 07 Oct, 2022 07:03pm
World US private payrolls increase in September WASHINGTON: US private employers stepped up hiring in September, suggesting demand for workers remains strong... Published 05 Oct, 2022 06:12pm
World Fed’s Jefferson, in first remarks, calls inflation most concerning problem ATLANTA: Inflation is the most serious problem facing the U.S. Federal Reserve and “may take some time” to address,... Published 04 Oct, 2022 09:48pm
World US labor market starts to cool; job openings post biggest drop in nearly 2-1/2 years WASHINGTON: US job openings fell by the most in nearly 2-1/2 years in August, suggesting that the labor market was... Published 04 Oct, 2022 09:30pm
World US manufacturing activity slowest in almost 2-1/2 years in September: ISM WASHINGTON: US manufacturing activity grew at its slowest pace in nearly 2-1/2 years in September as new orders... Published 03 Oct, 2022 08:11pm
Opinion Strong US dollar an unstoppable force endangering other currencies The dazzling rise of the US dollar, which has hit one record after another, is raising fears of a currency crash of ... Updated 02 Oct, 2022 06:18am
World Fed seen sticking with rate hikes as inflation stays hot Federal Reserve policymakers, who have driven U.S. borrowing costs up faster this year than at any time since the... Published 30 Sep, 2022 07:54pm
World Fed’s Bostic backs 75-basis-point hike in November, smaller rise in December WASHINGTON: The lack of clear progress on inflation means the Federal Reserve needs “moderately restrictive”... Published 28 Sep, 2022 08:41pm
World US goods trade deficit narrows in August as imports fall WASHINGTON: The US trade deficit in goods narrowed in August amid a decline in imports, which is being driven by... Published 28 Sep, 2022 07:33pm
Business & Finance Wells Fargo expects steeper US rate hikes to quell rampant inflation Wells Fargo expects steeper rate hikes by the Federal Reserve due to resiliency of the U.S. economy and the central... Published 27 Sep, 2022 06:46pm
World Chicago Fed national activity index unchanged in August WASHINGTON: U.S. economic activity slowed in August as production-related measures slipped and employment indicators... Published 26 Sep, 2022 07:33pm
World Fed’s Collins sees inflation fight costing jobs; recession not inevitable The Federal Reserve’s need to bring down unacceptably high inflation will cause the jobless rate to rise but a... Published 26 Sep, 2022 07:29pm
World 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
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?