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…
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U.S. economy
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.