Inflation at the wholesale level jumped 8.6% in October from a year earlier, matching September’s record YOY gain. U.S. inflationary pressure…
Tag: U.S. economy
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…
Disappointing September U.S. jobs report badly misses expectations; Dow futures turn negative
A disappointing September U.S. jobs report released Friday badly missed expectations with nonfarm payrolls rising by just…
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…
Fed official: U.S. unemployment may not return to Trump lows
The U.S. unemployment rate may not return to the more than half-century lows recorded under former President Donald Trump…
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…
Hotter-than-expected inflation: Consumer prices jump 5% in May, fastest pace since the summer of 2008
U.S. Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. …
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…
Cyber Monday set to be biggest online shopping day in U.S. history
According to latest industry estimates, Cyber Monday is on track to bring in a record of as much as $12.7 billion in online sales…
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…
Wall Street jumps on stimulus hopes, upbeat economic data
Wall Street’s major indexes jumped on Wednesday, with the S&P 500 on course for its best two-quarter gain since 2009, as investor hopes…
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…
Stocks soar to record highs as President Trump hails ‘major breakthrough’ in COVID-19 fight
U.S. stocks rallied to record highs after a report said a COVID-19 vaccine could come before the November 3rd election and President Trump …
S&P 500 hits record high completing recovery from COVID-19 crash
The S&P 500 index today hit an all-time high, completing its recovery from the stock market crash caused by the onset of the COVID-19 panic…
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…
Wall Street falls as tough U.S. stimulus talks loom
As tough U.S. stimulus negotiations loom, mixed corporate earnings reports in Europe left global equities treading water and sent investors…
Wall Street advances on U.S stimulus bets ahead of busy earnings week
Wall Street’s main indexes gained on Monday as investors looked past COVID-19 case increases, betting instead on more U.S. stimulus to revive…
COVID-19 closed tens of thousands of businesses – forever
Many U.S. states have been reopening their economies in the wake of extended COVID-19 shutdowns, but businesses across America are still closed — many…
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…
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…
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 …
Silicon Valley could be engine of economic recovery
Silicon Valley, often called an engine of California’s economy, was able to wield the shield of its vaunted tech sector in April to ward off some…
President Trump: We won’t close America when second COVID-19 wave hits
President Donald Trump said “we are not closing our country” if the U.S. is hit by a second wave of COVID-19 infections. “People say that’s a very…
Apple COO Jeff Williams ‘optimistic’ about post-coronavirus US economy
Apple Chief Operating Officer Jeff Williams is “optimistic” about a U.S. economy recovery from the COVID-19 reaction as businesses begin to reopen…
Apple’s 2H20 growth rates depend on a healthy macroeconomic recovery
New products, stimulus and remote work/learning purchases are currently boosting Apple’s sales, but a healthy macroeconomic recovery will…
President Trump says Apple CEO Cook sees V-shaped recovery
The two discussed the COVID-19 pandemic and state of the economy. Trump said Cook believes the economy will have a V-shaped recovery …
Why the stock market could boom this year with its biggest rally ever
The stock market, before Wednesday, rallied strongly as the coronavirus curve flattened. Imagine, now, the magnitude of the rally …
Apple CEO Cook joins President Trump’s committee on reopening American economy
President Donald Trump said Tuesday that he’s enlisting advisers from nearly all sectors of American commerce, including Apple CEO Tim Cook, members…
Dow tumbles more than 500 points as COVID-19 shutdown slams economy
Stocks fell sharply on Wednesday as the COVID-19 shutdown slams the economy. Dismal economic data and weak bank earnings fueled concerns…
S&P 500 rallies to join Dow in exiting bear market
U.S. equity markets rallied to session highs Wednesday as the S&P 500 exited its bear market helped by a basket of news investors believe will be…
Dow soars to close up 11% in best day since 1933
The Dow Jones Industrial Average soared on Tuesday, logging its best day in 87 years as the Trump administration neared agreement on a $2 trillion…
