The U.S. economy shrank in the spring for the second consecutive quarter, entering a technical recession as rampant inflation and higher…
Tag: U.S. GDP
U.S. stocks swoon, Dow set for worst first-half since 1962
U.S. stocks swooned on Thursday, setting the Dow up for its worst first six months since 1962, on concerns that rampant U.S. inflation…
U.S. stock futures tumble as S&P 500 heads for worst first half in 52 years
U.S. stock futures tumbled, with the major averages on track to post steep June declines and the worst first half in 52 years as inflation…
U.S. GDP contracted 1.6% in Q1 amid rampant inflation; stocks head for worst 1H since 1970
The final revision of first-quarter gross domestic product confirmed a larger contraction of the U.S. economy than earlier readings…
Stock futures signal more selling on Wall Street as stagflation fears mount
Futures are down again as stark warnings from some of the world’s biggest retailers spotlighted rampant inflation, fueling stagflation fears…
Expert: To stop inflation, the Fed would need to hike rates to nearly 6%
Higher interest rates are coming soon from a Federal Reserve behind the curve on inflation. If the Fed really wanted to stop inflation, it…
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…
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…
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…
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…
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. 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…
U.S. unemployment claims drop sharply as country reopens
First-time claims for U.S. unemployment benefits totaled 2.1 million last week, the lowest total since the coronavirus shutdowns began. Economists surveyed…
U.S. GDP rose a better-than-expected 1.9% in Q3; private payrolls increase tops expectations in October
Personal consumption expenditures, a gauge of spending by American households, rose at a 2.9% annualized rate…
U.S. unemployment hits five-decade low as employers step up hiring, wages increase
Steady job growth and solid wage increases have enlarged Americans’ paychecks…
U.S. consumer spending surges to post biggest rise in more than 9-1/2 years
Plus, price pressures remained muted, with a key inflation measure posting its smallest annual gain in 14 months…
U.S. economy grows by 3.2% in the first quarter, topping expectations
The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth…
U.S. jobless claims at 50-year low
The fewest people in nearly 50 years sought unemployment benefits last week, a sign of a strong job market…
Billionaire CEO Benioff foresees several years of strong growth for U.S. economy
A record $7.9 billion was spent on Cyber Monday this year, up 19.3% year over year…
U.S. again assumes throne as world’s most competitive economy; first time since 2008
The U.S. is back on top as the most competitive country in the world…
How President Trump created a tremendous U.S. economic boom
The current numbers are a uniquely Trumpian achievement and not owed to policies already set in motion when he took office…
U.S. economy logs best performance in nearly 4 years
Output expanded 3.2 percent in the first half of 2018 putting the U.S. economy on track to hit President Trump’s target of 3% annual growth…
Consumer confidence pops in August to highest level since October 2000
These historically high confidence levels should continue to support healthy consumer spending…
U.S. worker pay rate hits highest level since 2008
Compensation for workers rose to a nearly 10-year high in the second quarter as inflation pressures continued…
Second-quarter U.S. GDP jumps 4.1% boosting hopes that economy is ready to break out of decade-long slumber
Gross domestic product grew at a solid 4.1 percent pace in the second quarter…
Dow and S&P 500 close higher on upbeat U.S. labor market data
Apple shares are now up more than 2% over the last five trading days, moving the company back into the green on the year…
U.S Treasury: 90% of U.S. workers likely to see more money in take-home pay next month
The U.S. Treasury and the IRS on Thursday put out new guidance and withholding tables for employers…
U.S. sees strongest holiday sales since 2010
Growing wages, stronger employment and higher confidence led consumers to spend more than had been expected…
Holiday spending on track to be highest in at least 12 years
Buoyant American attitudes on the economy look set to show up in plentiful, record-setting holiday spending…
Dow rises 5,000 points in a year for the first time ever
The Dow Jones industrial average just did something it has never done in its 121-year history…
U.S. economic optimism soars
A near record number expect the economy to improve in the next year causing President Trump’s approval rating to jump…
U.S. employment jumps more than expected in November, boosts U.S. stocks
A stronger-than-expected pickup in U.S. hiring boosted stocks Friday…
U.S. third-quarter GDP revised to three-year high of 3.3%
The U.S. economy’s growth rate last quarter was revised upward to the fastest in three years on stronger investment…
Goldman Sachs sees U.S. unemployment rate hitting lowest level since the late-1960s
The U.S. economy is heading into 2018 with strong momentum that’s likely to boost wages…
American consumer confidence soars to highest level since December 2000
American consumer confidence increased to its highest level in almost 17 years…
U.S. economy picks up steam; second-quarter GDP up 3.0% reflecting robust consumer spending and strong business investment
Overall Obama presided over the worst recovery since the Great Depression. President Trump’s term has begun with gains that are likely to accelerate…
Stocks end sharply lower after weaker-than-expected U.S. GDP data; Apple swoons
A slower-than-expected economic growth number…
JPMorgan’s chief U.S. economist says Apple iPhone 5 could add half point to U.S. GDP
Most folks expect the next-generation iPhone Apple is launching this week…
