Global economy set to slow for 3rd consecutive year in 24
The global economy is set to slow for the third year in a row from 2.6 per cent in 2023 to 2.4 per cent in 2024,…
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U.S. economy
U.S. GDP grows by 2.4% in second quarter of 2023
The U.S. economy grew by 2.4 percent during 2023’s second quarter, faster than expected from 1.8 percent, according…
Apple deals with Broadcom for US-made chips
Apple announced on Tuesday a new multibillion-dollar deal with Broadcom to develop 5G chips made in the US.
BofA expects US economy to fall in Q2
Bank of America (BofA) has warned that the U.S. economy could shrank in the second quarter, after an economic data…
TikTok CEO to urge against ban
TikTok's CEO, Shou Zi Chew is scheduled to appear before the U.S. House Committee on Energy and Commerce on…
Silicon Valley Bank shut down in biggest bank failure since 2008
Financial regulators in California have close Silicon Valley Bank (SVB) and are now in control of its deposits…
BoA CEO sees U.S. technical recession by Q3
Bank of America CEO Brian Moynihan said on Tuesday that the American economy would reach a technical recession by…
Wall Street records worst day of 2023 so far
Wall Street has marked the worst performance with its main benchmarks of this year so far on Tuesday, as investors…
U.S. unemployment rate declines by 3.4 percent in January
U.S. economy has added about 517,000 jobs last January as hiring unexpectedly surged despite high inflation, rising…
U.S. Fed raises rates for the seventh time in a row
The U.S. Federal Reserve has on Wednesday increased its interest rates for the seventh time in a row this year,…
