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
Business & Finance Dollar dips NEW YORK: The dollar was off a one-week high against other major currencies on Friday, capping off a turbulent few... Published 10 Aug, 2024 08:05am
Opinion Need for revisiting 2 percent inflation target ‘The stock market crash is – perhaps – the long-awaited signal of a US economic slump.…The market meltdown... Published 09 Aug, 2024 06:56am
Business & Finance Fed under pressure to cut rates as market turmoil continues WASHINGTON: The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates... Published 07 Aug, 2024 05:37am
Business & Finance Stocks sink with bond yield and dollar on recession fears NEW YORK/LONDON: Global equities suffered heavy losses on Monday as Wall Street joined a global stock rout that... Published 06 Aug, 2024 06:40am
Business & Finance Musk says Fed foolish not to have cut rates NEW YORK: Billionaire Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was... Published 05 Aug, 2024 06:12am
Markets CBOT soy, grain futures higher on US economy concerns CHICAGO: Chicago Board of Trade grain and soybean futures turned higher on Friday as market participants and fund... Published 04 Aug, 2024 02:47am
Markets Gold retreats on profit-taking BENGALURU: Gold prices retreated on Friday as profit-taking kicked in after bullion jumped over 1% earlier in the... Published 04 Aug, 2024 02:47am
Markets Nasdaq set to confirm correction as recession fears mount NEW YORK: The Nasdaq Composite was on track to fall into a correction in a Wall Street battering after Friday’s... Published 03 Aug, 2024 06:46am
Markets Fears for US economy send investors to safe havens NEW YORK/LONDON: Surprisingly weak US employment data on Friday stoked fears of a recession ahead, prompting... Published 03 Aug, 2024 06:46am
Business & Finance Dollar hits four-month low NEW YORK: The US dollar dropped to a four-month low on Friday after a weaker than expected employment report for ... Published 03 Aug, 2024 06:46am
Markets Wall Street retreats on slowdown fears NEW YORK: Wall Street’s main indexes reversed course and slumped on Thursday, weighed by megacap tech and chip... Published 02 Aug, 2024 05:55am
World US Fed’s favored inflation measure cools further in June WASHINGTON: The US Federal Reserve’s favored inflation measure eased further in June, according to government data... Published 26 Jul, 2024 07:20pm
Markets Oil prices down after data shows weaker US consumer sentiment NEW YORK: Oil futures prices settled slightly lower on Friday as investors weighed weaker US consumer sentiment... Published 14 Jul, 2024 02:55am
Markets Most Gulf markets ease on falling oil prices Most stock markets in the Gulf were subdued in early trade on Monday after a decline in oil prices, although the... Published 08 Jul, 2024 03:15pm