Topic

usa economy

US consumer prices increase more than expected in January

Published 12 Feb, 2025 07:25pm

WASHINGTON: US consumer prices increased more than expected in January, reinforcing the Federal Reserve’s message...

Fed’s Powell says US making ‘modest’ progress on inflation

Published 09 Jul, 2024 07:38pm

WASHINGTON: The US Federal Reserve is making “modest” progress in its inflation fight, the head of the US central...

US third quarter GDP revised up to 3.2pc with help from spending

Published 23 Dec, 2022 06:49am

WASHINGTON: The US economy expanded 3.2 percent in the third quarter, the Commerce Department said Thursday, in a...

Fed officials say no call yet on 50 vs 75 bps rate hike in September

Published 25 Aug, 2022 07:02pm

JACKSON: U.S. Federal Reserve officials on Thursday were noncommittal about the size of the interest rate increase...

Revision shows mild U.S. economic contraction in second quarter

Published 25 Aug, 2022 06:11pm

WASHINGTON: The U.S. economy contracted at a moderate pace than initially thought in the second quarter as consumer...

White House says concerned about recession but US economy strong

Published 21 Jun, 2022 10:59pm

WASHINGTON: The American economy remains strong, but a White House economist acknowledged Tuesday that President Joe...

US weekly jobless claims fall; corporate profits sag in first quarter

Published 26 May, 2022 07:04pm

WASHINGTON: The number of Americans filing new claims for unemployment benefits fell more than expected last week as...

US producer prices increase strongly in February

Published 15 Mar, 2022 06:28pm

WASHINGTON: US producer prices rose solidly in February, and further gains are likely amid higher prices of crude...

Biden says consumer inflation report shows budgets of Americans are 'being stretched'

Published 10 Feb, 2022 09:11pm

US President Joe Biden said the January consumer price index report issued on Thursday was a reminder the budgets of...

US weekly jobless claims fall; first quarter GDP unrevised at 6.4pc

Published 24 Jun, 2021 05:44pm

Imprecise seasonal factors around Memorial Day holiday weekend likely contributed to the uptick in initial claims, so the rise should prove temporary.
Four states, including Iowa and Alaska, either terminated all federal government-funded benefits or just the $300 supplement on June 12.

US existing home sales decline as prices surge to record high

Published 22 Jun, 2021 07:25pm

Home resales, which account for the bulk of US home sales, surged 44.6% on a year-on-year basis.
The median existing house price accelerated a record 23.6% from a year ago to an all-time high of $350,300 in May.

S&P 500, Nasdaq hit record highs on tech earnings boost, upbeat data

Published 29 Apr, 2021 07:52pm

Apple, Facebook jump on strong earnings.
Communication services leads gains among S&P 500 sectors.
US economy accelerates in Q1; jobless claims edge lower.
Indexes up: Dow 0.39%, S&P 0.70%, Nasdaq 0.75%.

Vaccines, fiscal stimulus boost US employment in March

Published 02 Apr, 2021 07:24pm

Nonfarm payrolls jump 916,000 in March.
Employment increases across the board.
Unemployment rate falls to 6.0% from 6.2% in February.
Long-term unemployment remains elevated.

U.S. Treasury's Yellen sees post-COVID growth, possible full employment in 2022

Published 23 Mar, 2021 02:45pm

Yellen, in written testimony prepared for delivery to the U.S. House of Representatives Financial Services Committee, said that with passage of the $1.9 trillion American Rescue Plan Act,

US dollar little changed as investors await Fed meeting outcome

Published 16 Mar, 2021 09:10pm

Fed seen keeping monetary policy stance.
US retail sales fall unexpectedly in February.
Euro falls vs dollar, yen rises.
Aussie and Kiwi dollars slip.

US import prices rise strongly in February, boosted by crude oil, commodities

Published 16 Mar, 2021 08:27pm

In the 12 months through February, import prices accelerated 3.0%. That was the largest gain since March 2012 and followed a 1.0% rise in January.
Imported fuel prices surged 11.1% last month after advancing 9.0% in January. Imported food prices shot up 1.6%.

US weekly jobless claims grind lower as labor market stabilizes

Published 04 Feb, 2021 09:08pm

Weekly jobless claims fall 33,000 to 779,000.
Continued claims drop 193,000 to 4.592 million.
Productivity drops at 4.8% rate in fourth quarter.

US factory orders beat expectations in December

Published 04 Feb, 2021 08:41pm

The Commerce Department said on Thursday that factory orders increased 1.1% after surging 1.3% in November.
The Institute for Supply Management reported this week that its index of national factory activity slipped in January.

US private hiring rebounds solidly in January

Published 03 Feb, 2021 10:04pm

Private payrolls increase 174,000 in January.
Goods producing jobs rise 19,000; services up 156,000.

US manufacturing sector slows; prices paid by factories highest since 2011

Published 01 Feb, 2021 09:24pm

The Institute for Supply Management (ISM) said on Monday its index of national factory activity fell to a reading of 58.7 last month from 60.5 in December.
The ISM's forward-looking new orders sub-index fell to a reading of 61.1 last month from 67.5 in December.

US core capital goods orders rise in boost to business investment

Updated 27 Jan, 2021 11:31pm

Core capital goods orders increase 0.6% in December.
Core capital goods shipments rise 0.5%.
Durable goods orders gain 0.2%.

US factory activity races to more than 13-1/2-year high in early January

Published 22 Jan, 2021 09:10pm

Data firm IHS Markit said on Friday its flash US manufacturing PMI accelerated to a reading of 59.1 in the first half of this month.
The IHS Markit survey's measure of new orders received by factories raced to its highest level since September 2014.

US business inventories rise in November

Published 15 Jan, 2021 08:20pm

Business inventories rose 0.5% in November after increasing 0.8% in October, the Commerce Department said on Friday.
Retail inventories excluding autos, which go into the calculation of GDP, gained 0.2% instead of 0.3% as estimated last month.

US retail sales fall again in December

Published 15 Jan, 2021 07:46pm

Data for November was revised down to show sales declining 1.4% instead of 1.1% as previously reported.
The report followed in the wake of news last week that the economy shed jobs in December for the first time in eight months.

US producer prices increase moderately in December

Published 15 Jan, 2021 07:04pm

The producer price index for final demand increased 0.3% last month after nudging up 0.1% in November.
A 1.1% increase in the cost of goods accounted for last month's rise in the PPI. Prices for services dipped 0.1%.

'We cannot afford inaction' on US economy: Biden

Published 15 Jan, 2021 09:41am

"In this moment of crisis... we cannot afford inaction."

US weekly jobless claims increase more than expected

Published 14 Jan, 2021 06:55pm

$300 unemployment supplement until March 14 as part of nearly $900 billion in additional relief approved at the end of December.
The central bank also noted that the resurgence in the coronavirus was causing staff shortages in the manufacturing.

US private payrolls post first decline in eight months as COVID-19 cases soar

Published 06 Jan, 2021 08:49pm

Private payrolls decrease 123,000 in December.
Manufacturing, leisure and hospitality sectors shed jobs.

US manufacturing sector activity rises to nearly 2-1/2-year high: ISM

Published 05 Jan, 2021 08:45pm

The Institute for Supply Management (ISM) said on Tuesday its index of national factory activity rebounded to a reading of 60.7 last month.
A reading above 50 indicates expansion in manufacturing, which accounts for 11.9% of the US economy.

US weekly jobless claims fall; consumer spending declines in November

Published 23 Dec, 2020 08:44pm

Though jobless claims have dropped from a record 6.867 million in March, they remain above their 665,000 peak during the 2007-09 Great Recession.
The United States is being battered by a new wave of coronavirus cases, with more than 18 million people infected and nearly 320,000 dead.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 20	278.15
USD PKR Interbank Buying / Jul 20	277.95
USD to Japanese Yen / Jul 21	162.52
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 20	3.62

Stock	Volume
S&P 500 / Jul 20	7,443.28
Nasdaq / Jul 20	25,508.07
FTSE 100 / Jul 20	10,524.76
Dow Jones / Jul 20	51,839.26
Germany DAX 30 / Jul 20	24,846.69
France CAC40 / Jul 20	8,340.11
India Sensex / Jul 21	77,478.67
Tokyo Nikkei / Jul 21	65,077.32
Hang Seng / Jul 21	25,036.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 20	18,880
Gold 10 Grams PKR / Jul 20	363,971
Petrol/Litre / Jul 21	316.15
Crude Oil USD/Barrel / Jul 21	82.50
Gold Spot USD/Ounce / Jul 21	4,050.88
Diesel/Litre / Jul 21	354.35
Cotton US¢/pound / Jul 21	79.38

Gainers
Losers
Leaders

Stock	Price
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Baba Farid Sugar / Jul 21 Baba Farid Sugar Mills Limited(BAFS)	506.46 ▲ 46.04 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)
Leather Up Ltd. / Jul 21 Leather Up Limited(LEUL)	50.58 ▲ 4.6 (10%)
National Silk / Jul 21 The National Silk & Rayon Mills Limited(NSRM)	329.37 ▲ 29.94 (10%)
Suhail Jute / Jul 21 Suhail Jute Mills Limited(SUHJ)	270.97 ▲ 24.63 (10%)
Reliance Weaving / Jul 21 Reliance Weaving Mills Limited(REWM)	194.02 ▲ 17.64 (10%)

Stock	Price
Khairpur Sug. / Jul 21 Khairpur Sugar Mills Limited(KPUS)	1,515.89 ▼ -168.43 (-10%)
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	50.59 ▼ -5.45 (-9.73%)
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	79.80 ▼ -8.03 (-9.14%)
Imperial Limited / Jul 21 Imperial Limited(IML)	22.20 ▼ -1.81 (-7.54%)
Sana Ind / Jul 21 Sana Industries Limited(SNAI)	36.10 ▼ -2.69 (-6.93%)
D.M. Corporation / Jul 21 D.M. Corporation Limited(DMC)	185.26 ▼ -12.27 (-6.21%)
Maqbool Textile / Jul 21 Maqbool Textile Mills Limited(MQTM)	31.48 ▼ -1.95 (-5.83%)
Adamjee Life Assur. / Jul 21 Adamjee Life Assurance Company Limited(ALIFE)	30.76 ▼ -1.72 (-5.3%)
Popular Islamic / Jul 21 Popular Islamic Modaraba(PIM)	23.83 ▼ -1.28 (-5.1%)
Arpak Int. / Jul 21 Arpak International Investments Ltd.(ARPAK)	133 ▼ -6.93 (-4.95%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	60,999,027 ▲ 0.24
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	22,121,432 ▲ 0.5
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	16,865,804 ▲ 0.1
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	14,341,520 ▲ 2.81
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	11,921,210 ▲ 0.87
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	6,911,294 ▲ 0.02
K-Electric Ltd. / Jul 21 K-Electric Limited(KEL)	5,671,058 ▲ 0.16
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	5,044,465 ▼ -8.03
Maple Leaf Cement / Jul 21 Maple Leaf Cement Factory Limited(MLCF)	3,995,212 ▲ 0.57
Lotte Chemical / Jul 21 Lotte Chemical Pakistan Limited(LOTCHEM)	3,890,986 ▲ 0.24

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