The US and China
US senators have introduced an initiative in the upper house of Congress that would reduce US dependence on supplies of rare earth elements from China by restricting their use, as well as creating a str...
US unemployment
The number of jobless claims in the USA rose to 230,000 last week against a forecast of 200,000, which some analysts attributed to the COVID-19 Omicron outbreak.
The US Department of Labour today published i...
Inflation in the United States
High inflation is becoming a burden on American citizens and is hurting the economy of the United States. US Federal Reserve (Fed) Chairman Jerome Powell...
Tax returns
The IRS announced on Monday that it will begin accepting personal income tax returns for 2021 on Jan. 24.T he administration has already warned that this will be a "frustrating" period for taxpayers str...
Currency values
The euro fell ahead of Wednesday's holiday and the dollar dropped the yen to a one-month low as investors ignored rising demand for Omicron in another bout of risk appetite.
Risk-sensitive currencies such as the Australian dollar ro...
The United States is running out of money to fund the Biden administration’s goal of vaccinating millions of people across the world against COVID-19 by the middle of next year, according to a new report.
In September, Whi...
Demand for electric vehicles
The lithium price index from research firm and price provider Benchmark Mineral Intelligence doubled from May to November and is up around 240% year on year. Th...
Wage hikes
US workers expect one of the biggest pay rises in more than a decade, reflecting an extremely tight labour market and the highest inflation in 30 years.
A Conference Board surve...
Omicron not a threat to the economy
US stock futures are set for a third day of gains as investors bet that the new variant of the COVID-19 virus will not pose a major threat to the economy.
Major futures indices are anticipating a 0.3% rise at the...
New strain and the economy
US stock indices fell before the opening of trading on Tuesday after Fed Chairman Jerome Powell said risks to the economy, the labour market and inflation could become more difficult with...
High prices for utilities
According to the Pennsylvania Utility Commission (PUC), there are areas in Pennsylvania where energy costs are rising by 50%.
"Most regulated electricity generators in Penn...
The future of the stock market
President Joe Biden has reappointed current Chairman Jerome Powell to head the Fed for the next 4 years. Experts say that this will generally have a positive effect on the market, alt...
Record jump
Inflation in the US in October rose more than economists expected the consumer price index reached 6.2% compared to the forecast of 5.8%. The stock market reacted by lowering indices, with analysts expecting the negative t...
Bond purchases in November
The market reaction to the outcome of the Fed meetings was positive. The central bank refuted expectations that interest rates would need to be raised sooner, but pointed to continue...
Tax hike bill
A top Democrat in the House has questioned a new Senate plan to tax the unrealized capital gains of billionaires and other ultra-high earners, arguing that the proposal may be...
Price increases in shops
Some of the world's leading companies are betting that consumers will continue to pay more for products like coffee or toilet paper.
Major companies such as Procter Gamble, Nestle and Verizon Communications plan to increase...
Approval from the SEC
Although dozens of companies, such as VanEck and Fidelity, have applied to the Securities and Exchange Commission to create the first bitcoin ETF, none have yet received approval.
Instead, the SEC...
Stimulus cut
Fed minutes on September showed that if the US economic recovery continues at current levels, the central bank will start cutting bond purchases by 15 billion a month from...
Policy tightening
The IMF slightly lowered its forecasts for global GDP growth and US GDP pointed out that the current rise in inflation is causing "high uncertainty". The IMF called on central banks ...
US jobs below expectations
The US economy added a record low number of new jobs outside agriculture in September since the start of 2021, with the unemployment rate falling t...
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