Asian stocks climb to six-week highs on Monday
Asian stocks climbed to six-week highs on Monday, while the dollar hovered near its weakest level in almost three…
Browsing Tag
U.S. economy
Oil prices rise on Wednesday
Oil prices extended gains for a sixth straight session on Wednesday, supported by strong US economic growth and…
Gold prices fall on Tuesday
Gold fell for a fourth straight session on Tuesday, pressured by a stronger dollar and lower expectations of a US…
Gold prices slips on Monday
Gold prices slipped on Monday as a stronger dollar weighed on the metal, with investors awaiting key US economic…
Asian stocks rise on Thursday
Asia shares rose on Thursday, partially reversing a sharp selloff after stronger-than-expected US economic data…
Gold prices inch up on Thursday
Gold inched up on Thursday to $3,985.59 per ounce as the dollar slipped from a four-month high, with investors…
Gold prices hit record high on Thursday
Gold prices hit an all-time high on Thursday, rising for the fifth straight session as investors turned to the…
US government shutdown begins
The US government entered its 15th shutdown since 1981 on Wednesday after Republicans and Democrats failed to reach…
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,…
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,…
European markets end lower after Fed’s Powell warns
European markets end lower on Friday following the Federal Reserve meeting, while the chairman Jerome Powell warned…
U.S. GDP cringes 0.9% in Q2 raising recession signal
U.S. economy shrunk for the second straight quarter from April to June, as the Gross Domestic Product (GDP) fell…
U.S. is still in a ‘very significant recession’ despite job gains, Fed official says
A full recovery won’t happen until the coronavirus pandemic is under control despite recent unemployment data on…
Coca-Cola CEO expects a ‘U’-shaped recovery for the U.S. economy
Coca-Cola CEO James Quincey said on Wednesday he’s expecting a “extended U”-shaped recovery for the U.S. economy.
U.S. full economic recovery may need a coronavirus vaccine; says Fed’s Powell
U.S. full economic recovery may require the arrival of a coronavirus vaccine, said the country’s Federal Reserve…
UK, U.S. start negotiations on ‘ambitious’ post-Brexit free trade deal
The UK announced on Tuesday the formal launch of an "ambitious" post-Brexit free trade deal negotiations with the…
Warren Buffett says he remains optimistic about U.S. economy despite coronavirus
American billionaire investor Warren Buffett said on Saturday he doesn't know how or when the U.S. economy would…
Fed leaves interest rates at zero, pledges “full range of tools” to help…
The U.S. Federal Reserve (Fed) has on Wednesday kept interest rates unchanged near zero, saying it would deploy its…
Fed to keep rates near zero until economy ‘weathered’ coronavirus impact
The U.S. Federal Open Market Committee has on Wednesday released the minutes of its March 15 meeting, during which…
Dow soars more than 250 points to a record as investors shook off coronavirus worries
U.S. stocks surged to all-time highs on Wednesday as investors shook off worries over how the coronavirus would…
U.S. economic growth is close to zero for Q4 according to Fed gauges
The U.S. economy will barely witness a growth at all in the fourth quarter, if two Federal Reserve gauges that…
Fed’s Powell repeats U.S. economy “in a good place”
The U.S. economy is chugging along despite the headwinds it faces, Federal Reserve Chairman Jerome Powell said on…
Ex-Fed Chair Yellen says central bank too ‘optimistic’ about U.S. economy
U.S. Federal Reserve’s estimates for long-term economic growth may be a bit too optimistic, said former Fed Chair…
U.S. economy seen a ‘mild’ recession by 2020, EU investor says
The U.S. economy could experience a “mild” recession by next year even as the Federal Reserve is seen as…
US economy is slowing but is there is no chance of recession: Fed’s Evans
Chicago Federal Reserve President Charles Evans says the U.S. economy has slowed, yet he downplayed chances of a…
Trump’s trade war cost U.S. economy $7.8 bln in 2018; study says
U.S. President Donald Trump’s trade battles cost the U.S. economy $7.8 billion in lost gross domestic product in…
Dollar recovers as equity sell-off eases
The dollar edged up on Friday, reflecting investor confidence in the U.S. economy, despite criticism by President…
Dollar rally pauses, but stays solid on US economy, Fed outlook
The dollar slipped further from seven-week highs on Wednesday although underlying support for the greenback…
Fed skips another rate hike but upgrades US economy view to ‘strong’
The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy but decided to leave interest rates…
Trump’s 8-9% US growth forecast is just not possible: strategist
Mike Gallagher, managing director at financial consultancy Continuum Economics, played down stellar growth…
U.S. Q2 GDP jumps 4.1% for best pace in almost four years
U.S. gross domestic product jumped at a solid 4.1 percent pace in the second quarter, its best pace since 2014,…
Dollar benefits from Powell’s optimism, hits 6-month peak vs yen
Dollar rose across the board on Wednesday, climbing to a six-month high against the yen, after Federal Reserve…