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Economy

US inflation continued to rise at a high rate in July
12 August 2021
3416
Inflation rises The US Department of Labour said on Wednesday that consumer prices rose 0.5% last month, slowing down from June's 0.9% increase. Economists' forecasts came true. The release of US inflation data for July was the key event for financ...
Progress in the U.S. economy again
10 August 2021
3274
Progress in the economy Two Fed officials noted progress in the US economy on Monday, predicting when the central bank will begin cutting bond purchases and raising the benchmark interest rate. On Monday, US stock indices were affected by...
European Commission starts looking into Facebook's acquisition of Kustomer
3 August 2021
3471
Facebook and Kustomer The European Commission (EC) on Monday began examining the impact on the European market of Facebook's acquisition of Kustomer, headquartered in New York, which specialises in creating to...
AstraZeneca will continue to seek certification for its vaccine in the United States
29 July 2021
3292
Vaccine certification British-Swedish pharmaceutical company AstraZeneca will continue to push for certification of its vaccine by the US Food and Drug Administration (FDA). The company's chief executive, Pascal Soriot,...
The Fed is not considering a rate hike, noting the strengthening US economy
29 July 2021
3152
Strengthening the US economy At the end of the meeting, the Fed reassured financial markets by stating its commitment to maintaining current policy and zero rates until substantial progress on inflation and employment. The Fed do...
US labor market could fully recover from pandemic losses in 7 months
5 July 2021
4088
Labour market Reports from the US Department of Labor show a good rate of decline in the unemployment rate and a recovery in American employment. Economists see clear signs of a full "pre-pandemic" recovery in the&...
Stock indices rise after Jerome Powell's statements to Congress
23 June 2021
7138
US inflation surge Fed Chairman Jerome Powell, speaking to a House subcommittee, reiterated that the current spike in US inflation is temporary and due to last year's fall in prices. T...
Fed moves closer to interest rate hike due to rising inflation
17 June 2021
3602
Interest rate hike At the end of the meeting, the Fed brought the timing of the interest rate hike closer to 2023 from 2024. The US central bank also raised its forecast for overall inflation to 3.4%. The stock market w...
U.S. annual inflation accelerated to 5% in May
11 June 2021
3110
Annual inflation US inflation data for May showed a jump of 5% year-on-year, the highest since the summer of 2008 and worse than the 4.2% figure in April. That said, some economists be...
G7 countries reach historic agreement on minimum tax for large corporations
7 June 2021
3998
G7 agreement The G7 countries this weekend signed an agreement on a minimum global tax of 15% for large companies. It is expected to affect companies such as Google and Facebook, and make it harder to evade higher taxes through offshore co...
Global inflation hits highest level in 12 years
5 June 2021
3514
Inflation in the world The Organisation for Economic Co-operation and Development (OECD), which has 36 member countries including the US, Canada, the UK and Germany, reported a rise in inflation to 3.3% in April, the fastest...
U.S. defence spending in 2022 will be $752.9 billion
29 May 2021
4394
US defence US President Joe Biden's administration has requested $752.9bn from Congress for national defence spending, of which $715bn should go to the Pentagon. This was stated in a DOD statement released on Friday. The DOD stressed that the budge...
Americans' expectations for year-ahead inflation rose to 3.4% in April
11 May 2021
3954
US inflation Recent surveys have shown that Americans are bracing for the highest inflation rate since 2013, according to the New York Fed. Rising prices could slow the pace of the US economic recovery. Concerns about rising inflation in the US int...
Biden plans to raise the capital gains tax rate to 39.6%
23 April 2021
4645
Tax rate increase President Joe Biden is preparing to propose next week an increase in the basic tax rate for millionaires, raising it from 20% to 39.6% to fund a new government programme, the American Family Plan, which cou...
US retail sales set a record in March
17 April 2021
4662
Economic recovery Record high retail sales in March and sharply lower jobless claims in the USA show strong positive momentum from mass vaccination in the country, reduced quarantine restrictions and government incentives with direct ...
Fed chief thinks a digital dollar could be launched
12 April 2021
4209
Digital dollar Jerome Powell thinks a digital dollar launch is possible, but a decision has not yet been made. The Federal Reserve (Fed), which serves as the country's central bank, is studying the possibility of launc...
Fed minutes show improved outlook with policy preservation
8 April 2021
3840
March Fed minutes The published March Fed minutes showed an increase in the outlook for the US economy on the back of mass vaccination and federal aid. At the same time, the central bank said that policy will only be changed after the results have b...
Biden said he was ready to make concessions to the opposition in order to modernize the US infrastructure
8 April 2021
3748
Modernising US infrastructure President Joe Biden is ready to make concessions to political opposition in the US Congress on his ambitious plan to modernise the nation's infrastructure in terms of its funding....
Fed improves economic outlook and keeps interest rates zero until 2023
18 March 2021
3096
Fed keeps interest rates on hold The Fed meeting ended on Wednesday with the expected announcements. The stock market reacted by rising, with the US dollar declining against a basket of major currencies. The Fed's March two-day meeting ended Wednes...
Inflation in the U.S. rose in February due to higher petrol prices
12 March 2021
3181
US inflation The US Labor Department said on Wednesday that consumer prices in February rose at the fastest rate in six months. Economists forecast core inflation to reach 2.5 per cent in the spring, but said the increa...
Companies rating
Tesla
14 Mention
Instagram
13 Mention
JP Morgan Chase
12 Mention
Walt Disney Company
12 Mention
Ford Motor Company
10 Mention
Netflix
10 Mention
Amazon
9 Mention

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