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 Asia stocks down, yen slump keeps markets on intervention alert SINGAPORE: Asian shares fell and bond yields spiked on nervousness about inflation on Thursday, while the yen’s... Published 27 Jun, 2024 10:16am
Markets Gold flat ahead of US data, but set for 4th straight monthly gain Gold prices were set for a fourth straight monthly gain, even as the market struggled for momentum on Friday ahead... Published 31 May, 2024 10:53am
Business & Finance Dollar sags after US GDP and inflation surprise NEW YORK: The US dollar eased against most currencies on Thursday in tight seesaw trade after data showed the ... Published 26 Apr, 2024 04:15am
World US weekly jobless claims fall to level last seen in Sept 2022 WASHINGTON: The number of Americans filing new claims for unemployment benefits fell last week to the lowest level... Published 18 Jan, 2024 06:51pm
World Fed seen on policy hold until May as inflation edges up The Federal Reserve is seen holding off on any interest-rate cuts until at least May of next year, after a... Updated 12 Dec, 2023 10:41pm
World US consumer prices unexpectedly rise in November WASHINGTON: U.S. consumer prices unexpectedly rose in November while underlying inflation pushed higher, offering... Published 12 Dec, 2023 07:03pm
World US private payrolls miss expectations in November WASHINGTON: U.S. private payrolls increased less than expected in November as the labor market gradually cools.... Published 06 Dec, 2023 06:29pm
World US third-quarter economic growth revised up to 5.2% WASHINGTON: The US economy grew faster than initially thought in the third quarter, but momentum appears to have... Published 29 Nov, 2023 06:52pm
World US weekly jobless claims fall; labor market still slowing WASHINGTON: The number of Americans filing new claims for unemployment benefits fell more than expected last week,... Published 22 Nov, 2023 06:48pm
World US weekly jobless claims rise more than expected WASHINGTON: The number of Americans filing new claims for unemployment benefits increased more than expected last... Published 16 Nov, 2023 06:54pm
World US retail sales fall slightly in October WASHINGTON: U.S. retail sales fell in October, though by less than expected, after months of strong gains, pointing... Published 15 Nov, 2023 07:09pm
World US mortgage rates soar to highest in more than 23 years The interest rate on the most popular U.S. home loan last week jumped to the highest since September 2000, marking... Updated 25 Oct, 2023 10:22pm
World Fed’s Powell to take the stage amid a suddenly choppy landscape Federal Reserve Chair Jerome Powell will take the podium in New York on Thursday with his colleagues at the U.S.... Published 19 Oct, 2023 06:49pm
World US weekly jobless claims unexpectedly fall WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly fell last week,... Published 19 Oct, 2023 06:04pm
World US consumer prices rise on gasoline and shelter costs in September WASHINGTON: US consumer prices increased in September amid higher costs for rent and gasoline, but underlying... Published 12 Oct, 2023 05:51pm
Business & Finance US government hours from shutdown, funding chaos WASHINGTON: The US government on Saturday was hours from shutting down after the far right of the Republican Party... Published 30 Sep, 2023 10:33am
Business & Finance US GDP revised down in every first quarter from 2020 to 2022 WASHINGTON: US economic activity was either even weaker or not as strong as previously estimated in each of the... Published 28 Sep, 2023 05:45pm
World US current account deficit narrows in second quarter WASHINGTON: The U.S. current account deficit narrowed sharply in the second quarter as surpluses on services and... Published 21 Sep, 2023 07:01pm
World US SEC votes on overhaul for $20 trillion private fund industry NEW YORK: The U.S. securities regulator on Wednesday was set to finalize a sweeping overhaul of private equity and... Published 23 Aug, 2023 08:02pm
World US 30-year mortgage rate soars to highest since 2000 The interest rate on the most popular U.S. home loan last week shot to the highest since December 2000, helping... Published 23 Aug, 2023 05:56pm
World US existing home sales drop, but prices up from a year earlier U.S. existing home sales dropped to a six month-low in July as home owners who are locked into cheap mortgages... Published 22 Aug, 2023 07:30pm
Markets US stocks open flat after GDP boost NEW YORK: US stocks opened broadly flat Thursday, continuing a lackluster display despite a significant upgrade to... Published 29 Jun, 2023 08:21pm
World Fed seen holding rates steady this week after inflation data Federal Reserve policymakers are seen as far more likely to skip raising interest rates this week after government... Published 13 Jun, 2023 07:41pm
World IMF urges Fed, central banks to keep tightening to reduce inflation WASHINGTON: The International Monetary Fund on Thursday urged the U.S. Federal Reserve and other global central... Updated 08 Jun, 2023 09:32pm
World US weekly jobless claims increase more than expected WASHINGTON: The number of Americans filing new claims for unemployment benefits surged last week, suggesting that... Published 08 Jun, 2023 06:58pm
World US weekly jobless claims rise modestly; layoffs increase in May WASHINGTON: The number of Americans filing new claims for unemployment benefits increased modestly last week,... Published 01 Jun, 2023 07:02pm
World Biden, McCarthy looking to close US debt ceiling deal for two years WASHINGTON: The White House and congressional Republicans on Friday aim to put the final touches on a deal to raise... Published 26 May, 2023 05:46pm
World Fed’s Collins open to pausing rate hikes at June meeting NEW YORK: Boston Federal Reserve President Susan Collins said on Thursday the time may be at hand for the U.S.... Published 25 May, 2023 09:03pm
World ‘Close call’ on US June rate hike or pause, says Fed’s Kashkari Minneapolis Federal Reserve President Neel Kashkari said on Monday it was a “close call” on whether he would vote to... Published 22 May, 2023 05:27pm