Unemployment benefits
The number of Americans filing initial claims for unemployment benefits during the week stood at 219,000. Such data was released by the US Department of Labor on Thursday.
The numbe...
Morgan Stanley suggests
Emerging market stock indices could soon reach the low point in the current bearish cycle, analysts at Morgan Stanley (NYSE:MS) believe.
As a consequence, economists of the bank, including strategist Jonathan Garner, changed...
GDP in the second quarter
US GDP fell 0.6 per cent year-on-year from April to June as a result of a sharp rise in consumer prices and a rise in the benchmark interest rate. The US Department of Commerce said in a statement releas...
Funding from JPMorgan Chase and Co
JPMorgan Chase and Co (NYSE: JPM) CEO James Dimon has told US lawmakers emphatically that his bank has no intention of cutting off oil and gas financing. This was revealed by The Wall Street Journal. US House ...
Paying for electricity
The average electricity bill of US residents could increase by 42% this coming winter compared to the 2019-2020 season, NBC reported on Thursday, citing estimates from experts at the National Asso...
US economy
United States GDP fell by 0.6% year-on-year in the second quarter of 2022, an upward revision of 0.3 percentage points compared with the July estimate. This follows data released by the US...
US stock market on Monday
US stock indices ended Monday with a weak decline after three days of gains.
The Dow Jones Industrial Average index fell 46.73 points (0.14%) to 32798.4 points. Leading the declines were Chevron Corp (NYSE:C...
US economy
Key indices on the New York Stock Exchange are rising in the first minutes after opening trading on Thursday, despite a 0.9 per cent year-on-year decline in US GDP.
The Dow Jones Industrial Average...
Two countries working together
Australia and the US have announced a bilateral partnership to accelerate the development of zero-carbon technologies. The announcement was made in a joint stateme...
Price declines
The retail price of gasoline at filling stations in the US fell nine cents a gallon (3.785 litres) over the week due to a temporary drop in demand. This is evidenced by data from the American Automobile Association, which tracks rates...
Stock market on Tuesday
US stock indices are falling in trading on Tuesday due to concerns about inflation and recession in the US.
The Dow Jones Industrial Average was down 1.97 per cent to 30485.49 points by 10:57 a.m.
The Standard Poor's 500 ha...
Tuesday trading
US stock indices closed mostly negative, a day before the Fed's expected 75 basis point rate hike. The Dow-30 and S&P500 fell for the fifth straight day, the longest streak since January.
At the close on the New York Stock Excha...
Trading day on Monday
Bond yields jumped to new heights amid lingering fears of a Fed rate hike. Risk appetite globally was undermined by a combination of renewed inflation worries and the Fed's perceived reaction.
At the close of trading on the Ne...
Schedule for the week
US indices fell sharply on Friday, posting their biggest weekly percentage decline since January, as a rise in US consumer prices in May heightened investor fears of an aggressive in...
Last trading day of the week
US indices fell sharply on Friday, posting their biggest weekly percentage decline since January, as a rise in US consumer prices in May heightened investor fears of an aggressive interest rate hike by the Federal Reserv...
Tuesday trading day
US stocks rose on Tuesday afternoon and closed higher for a second consecutive day. Key indicators rose within 1%.
At the close on the New York Stock Exchange, the Dow Jones was up 0.80 per cent, the S&P 500 was up 0.95 per ...
Hearings before the Senate Finance Committee
The US government has done all it can to reduce record high fuel prices in the United States. This was the statement made by US Treasury Secretary Janet Yellen on Tuesday.
According t...
Statistics from NORC at the University of Chicago
An overwhelming majority of American people (at least 83%) believe that the US economy is in poor or deplorable condition, 35% are totally dissatisfied with their financial situation.
This is the re...
Last day of trading
Three major Wall Street stock indexes closed lower on Friday after a jobs report dashed hopes of a pause in monetary policy tightening by the Federal Reserve, which is needed to curb inflation, the highest in decades.
At the clo...
News from Tesla
Electric car maker Tesla will have to cut around 10 per cent of its workforce. The head of the company, Elon Musk, made the announcement in an e-mail to staff, excerpts of which were published by Reuters on Friday.
The email sent ou...
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