Higher interest rates are coming soon from a Federal Reserve behind the curve on inflation. If the Fed really wanted to stop inflation, it…
Tag: macroeconomy
U.S. inflation surges 7% in December, highest rate in 40 years
U.S. inflation rose at the fastest pace in nearly four decades in December, at a level not seen since since 1982, before President Reagan…
U.S. job growth misses badly, sharply missing economists’ expectation
U.S. job growth faltered in December the Labor Department said in its monthly payroll report released Friday. Payrolls in December rose by…
Wall Street tumbles as investors eye hot inflation data
Wall Street tumbled as the S&P 500 and the Nasdaq each fell more than 1% on Tuesday after hot inflation data showed…
U.S. inflation surges to 39-year high as consumer prices continue to soar
Consumer prices surged at the fastest pace in nearly four decades in November as Americans paid more for practically everything from…
Apple resumes sales to Turkey with 25% inflationary price hike
Earlier this week, Apple halted sales in its online store in Turkey in response to a worsening inflation crisis in the country. Now, the…
Apple halts product sales in Turkey amid rampant inflation crisis
Apple has halted sales in its online store in Turkey in response to a worsening inflation crisis in the country. While Apple has not publicly…
Wall Street extends sell-off on fears of long-term high inflation
Wall Street’s main indexes fell on Wednesday as a surge in U.S. consumer prices last month deepened fears that high inflation is here to stay…
U.S. producer price inflation jumps 8.6% YOY in October, matching the largest increase on record
Inflation at the wholesale level jumped 8.6% in October from a year earlier, matching September’s record YOY gain. U.S. inflationary pressure…
U.S. economy falters as GDP slows sharply in Q3, missing expectations; consumers downshift spending
U.S. gross domestic product (GDP) growth sharply decelerated to an 2% annualized rate in the third quarter, down from a 6.7% rate in the…
Dow Jones drops as U.S. inflation heats up
The Dow Jones Industrial Average dropped 200 points Wednesday, as a key inflation gauge came in higher than expected…
Weekly U.S. jobless claims rise more than expected
The number of Americans filing for first-time unemployment benefits rose by 11,000 to 362,000 in the week ended September 25th, according…
U.S. stock futures drop ahead of jobless claims amid economic recovery worries
U.S. stock index futures fell on Thursday ahead of weekly jobless claims data, as worries over slowing economic growth were a drag…
U.S. job creation for August was a huge disappointment, sharply misses expectations
U.S. job creation for August was a huge disappointment with non-farm payroll growth in August increased by just 235,000 vs. expectations…
ADP U.S. unemployment report misses badly, with only 330,000 jobs added amid inflation concern
Private payroll firm ADP’s U.S. unemployment report on Wednesday revealed that employers added a disappointing 330,000 jobs in July…
U.S. consumers suffered a ‘stunning loss of confidence’ in early August
The University of Michigan’s gauge of U.S. consumer confidence plunged to a “stunning loss of confidence” with a preliminary August…
U.S. GDP well below expectations; unemployment claims higher than expected
U.S. GDP (Gross Domestic Product) – the broadest measure of economic performance – came in well below expectations…
S&P 500, Nasdaq weighed down by inflation worries
The S&P 500 dipped on Thursday as a slew of economic data showing a post-COVID-19 “V-shaped” recovery accelerated fears of rising inflation…
Wall Street rebounds on upbeat U.S. economic data ahead of Apple earnings
U.S. stocks advanced on Thursday as upbeat U.S. domestic economic data eased concerns about surging COVID-19 cases…
U.S. weekly jobless claims fall to better-than-expected 751,000; lowest level since March
Initial weekly U.S. jobless claims fell to 751,000 for the week ending October 24th, down 40,000 from the previous week. It was the lowest…
U.S. GDP booms at historic 33.1% rate
U.S. GDP accelerated at a 33.1% annualized pace in the third quarter, outpacing expectations for 31%. A surge in business and residential…
Dow Jones surges 450 points on Trump stimulus statements; Apple snaps back
The Dow Jones Industrial Average jumped more than 450 points on President Trump’s latest coronavirus stimulus tweets. Dow Jones…
Stock futures rebound after President Trump pushes for new $1,200 stimulus checks for Americans
U.S. stock futures rebounded Wednesday from Tuesday’s slide after President Donald Trump tweeted support for stimulus measures…
U.S. private employers add 749,000 jobs in September, topping expectations
U.S. private employers hired at a faster-than-expected pace in September, created 749,000 new jobs last month, according to the ADP…
U.S. job creation exceeds expectations, unemployment rate falls to 8.4%
In a welcome sign, the U.S. has returned to single digit unemployment rate numbers, falling to 8.4%, down from 10.2% in June…
Fed Chairman Powell announces major policy shift in approach to inflation
The U.S. Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run higher than…
U.S. economy tops expectations with 1.8M jobs added; unemployment rate falls to 10.2%
The U.S. economy topped expectations with 1.8 million jobs added in July. The unemployment rate fell to 10.2%, down from 11.1% in June…
Stock futures sink as COVID-19 shutdowns cause historic U.S. contraction
Wall Street’s main indexes were set to open lower on Thursday after data showed the economy suffered its steepest contraction since the Great Depression…
U.S. stocks rise on upbeat earnings ahead of Federal Reserve statement
U.S. stocks rose as a slew of positive earnings updates and hopes for assurances of continued support from the Federal Reserve overshadowed concerns…
Tech drags Wall St lower as U.S.-China tensions and COVID-19 cases mount
Wall Street’s main indexes dropped on Friday as U.S.-China tensions and fears over mounting COVID-19 cases weighed on investor sentiment…
Apple’s valuation could help COVID-19 economic recovery
Apple’s valuation could help the economic recovery after the COVID-19 recession. The stock market is not the economy, but it does feel strange for…
Study: Treatment with hydroxychloroquine cut death rate significantly in COVID-19 patients
A new study published recently by Henry Ford Health System shows that treatment with hydroxychloroquine cut the COVID-19 death rate significantly…
U.S. economy adds record-breaking 4.8M jobs in June, smashing expectations; unemployment rate falls
A new U.S. Labor Department report shows U.S. employers added 4.8 million jobs in June. The biggest increase on record. Unemployment dropped more than…
Apple re-closes 11 U.S. retail stores total due to COVID-19 spikes
Apple said Friday it was temporarily re-closing 11 stores in four U.S. states due to concern about COVID-19 spikes. Apple said that it was re-closing…
U.S. stocks gains on economic recovery hopes
U.S. stocks rose about 1% on Friday with the tech-heavy Nasdaq hovering near a fresh record high on hopes of a recovery in post-pandemic economic…
Nasdaq hits record high as COVID-19 shutdown-induced U.S. recession becomes official
An economic recession is a business cycle contraction when there is a general decline in economic activity. In the U.S., it is defined as a significant…
Nasdaq hits record high as U.S. economy shows signs of swift rebound
On growing hopes of a swift economic rebound, the Nasdaq on Friday became the first of the three major U.S. stock indexes to bounce back to a record high …
Tech stocks boost Nasdaq as recovery optimism prevails
Tech shares drove the Nasdaq index higher on Thursday, with U.S. weekly jobless claims dipping below 2 million, bolstering economic recovery optimism …
Taiwan’s 2020 GDP expected to drop to 5-year low amid pandemic
Taiwan’s economic growth is likely to drop to its lowest point in five years in 2020 as the COVID-19 coronavirus pandemic hurts domestic consumption and…
S&P 500, Dow dive on Powell’s somber economic outlook
As Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes, the S&P 500 and Dow dove on Wednesday…
Stock market jumps as lockdowns ease, U.S. states reopen for business
The U.S. stock market’s main indexes rallied on Tuesday as a number of countries and U.S. states eased coronavirus-induced lockdowns and restrictions…
Dow jumps 350 points on hopes of U.S. economy reopening
On Tuesday, stocks rose sharply on investors’s hopes for the start of the reopening of the U.S. economy. Oil prices increased for a fifth straight day…
