US economic activity up slightly as tariff worries rise, Fed survey WASHINGTON: US economic activity has risen slightly but unevenly since mid-January, employment nudged higher, and... Published about 5 hours ago
World US current account deficit narrows in fourth quarter WASHINGTON: The U.S. current account deficit contracted in the fourth quarter, but the improvement could be... Published 20 Mar, 2025 07:38pm
Business & Finance Fed keeps policy rate outlook intact WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, as expected, but US central bank... Published 20 Mar, 2025 05:30am
World US import prices increase solidly in February WASHINGTON: U.S. import prices unexpectedly rose in February amid higher costs for consumer goods, which does not... Published 18 Mar, 2025 07:56pm
Opinion All eyes on the Fed’s interest rate decision This week, the market will be closely monitoring the Federal Reserve’s interest rate decision, which is set to be... Published 17 Mar, 2025 06:43am
World There are ‘no guarantees’ there will not be a US recession: Bessent WASHINGTON: There are “no guarantees” there will not be a recession in the United States, although there could be an... Updated 17 Mar, 2025 08:28am
Opinion Tariff situation undoubtedly impacting US economy The US economy added 151,000 jobs, but the unemployment rate rose to 4.1%. This is a key economic indicator for the... Published 10 Mar, 2025 05:58am
World Fed Chair Powell flags uncertainty in US economy WASHINGTON: US Federal Reserve Chair Jerome Powell flagged high uncertainty Friday surrounding President Donald... Published 07 Mar, 2025 11:35pm
World US job growth picks up in February; unemployment rate rises to 4.1% WASHINGTON: U.S. job growth picked up in February and the unemployment rate edged up to 4.1%, but growing... Published 07 Mar, 2025 07:30pm
Business & Finance Dollar slips after inflation, consumer data NEW YORK: The US dollar edged lower on Friday following two straight days of gains, after a reading on inflation was... Published 01 Mar, 2025 06:28am
World US goods trade deficit widens sharply in January WASHINGTON: The U.S. trade deficit in goods widened sharply in January, most likely as businesses front-loaded... Published 28 Feb, 2025 06:55pm
World US, China economic leaders raise ‘serious concerns’ in first call WASHINGTON: US Treasury Secretary Scott Bessent and his Chinese counterpart He Lifeng raised mutual concerns on... Published 21 Feb, 2025 10:47pm
World US Fed’s inflation fight at risk of stalling: official WASHINGTON: The US Federal Reserve’s battle to bring down inflation to target is at risk of stalling as concerns... Published 20 Feb, 2025 11:08pm
Business & Finance US retail sales fall sharply in January WASHINGTON: U.S. retail sales fell more than expected in January, likely as frigid temperatures kept consumers from... Published 14 Feb, 2025 07:26pm
Business & Finance JPMorgan earns biggest-ever annual profit NEW YORK: JPMorgan Chase on Wednesday posted record annual profit as its dealmakers and traders reaped a windfall... Published 16 Jan, 2025 03:04am
Markets Wall St slips as focus shifts to earnings, consumer inflation data NEW YORK: Wall Street’s main indexes fell on Tuesday as investors turned their attention to upcoming inflation ... Published 15 Jan, 2025 02:59am
Markets Most Gulf markets fall after stronger than expected US jobs data Most stock markets in the Gulf were subdued on Sunday following stronger than expected US jobs data, which ... Published 13 Jan, 2025 03:06am
Business & Finance Trump, SoftBank CEO announce $100bn US investment PALM BEACH (Florida): President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on... Published 17 Dec, 2024 06:47am
Business & Finance Fed may cut rates in last meeting of Biden era WASHINGTON: The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on... Published 16 Dec, 2024 06:08am
World US inflation still on ‘bumpy’ path to target: Fed official WASHINGTON: The US remains on track to hit its long-term target of two percent inflation despite a recent “bump” in... Published 02 Dec, 2024 10:49pm
Markets Japan’s Nikkei touches more than a week high on hopes of strong US economy TOKYO: Japan’s Nikkei share average touched its highest in more than one week on Monday, as investors bought stocks... Published 25 Nov, 2024 10:40am
Markets S&P 500 nears 6,000 mark as Trump win NEW YORK: The S&P 500 index inched closer to the 6,000 mark and the Dow gained on Friday, as a sweeping Trump... Published 09 Nov, 2024 06:36am
World US hiring slowest since Biden took office WASHINGTON: US job growth slowed drastically in October, hit temporarily by hurricanes and labor strikes, in a final... Published 03 Nov, 2024 06:34am
World US dockworkers launch mass strike month before election NEW YORK: Tens of thousands of workers at major ports on the US East and Gulf Coasts went on strike Tuesday in ... Published 02 Oct, 2024 06:19am
Business & Finance Dollar edges up after US payrolls data NEW YORK: The dollar edged up in volatile trading on Friday after data showed US employment grew less than expected... Published 07 Sep, 2024 06:59am
World US private payrolls post smallest increase in 3-1/2 years in August WASHINGTON: U.S. private employers hired the fewest number of workers in 3-1/2-years in August and data for the... Published 05 Sep, 2024 07:29pm
Business & Finance US manufacturing mired in weakness; construction spending falls WASHINGTON: US manufacturing contracted at a moderate pace in August amid some improvement in employment, but a... Published 04 Sep, 2024 07:59am
Markets Dollar doldrums deepen on dovish Fed tone before Jackson TOKYO: The dollar traded near the lowest in more than a year against the euro and sterling on Thursday as a dovish... Published 22 Aug, 2024 09:49am
World Kamala Harris to unveil plan for US economy in major policy rollout RALEIGH: Kamala Harris is expected to take on companies unfairly jacking up prices as she sets out her economic... Published 16 Aug, 2024 02:01pm
Markets Yen slips, markets brace for US inflation data SINGAPORE: The yen was a tad softer against the dollar in trading thinned by a Japanese holiday on Monday, with... Published 12 Aug, 2024 09:53am