economy
US unemployment claims double to 6.6 million in a week; stocks fall
After climbing to a record high a week ago, jobless claims in the US more than doubled and reached unprecedented…
Is a recession brewing in the US amid the upcoming earnings season?
With just two weeks left for the earnings season to start, the US stock market continued to be battered by…
US jobless claims hit record high of 3.28 mln as covid-19 crisis deepens
The labor market is feeling the pinch of the widespread disruptions caused by the covid-19 outbreak. Jobless claims, which is…
Existing home sales rise to 5-month high in July, backed by low interest rates
Existing home sales rebounded in July after declining in the previous month as buyers sought to take advantage of the…
Harley-Davidson set to woo Chinese customers with small bike
Harley-Davidson (NYSE: HOG) is the latest American automaker to expand China operations in a big way to enhance growth. Joining…
The US sees biggest retail sales drop since 2009
In a stark indication of a weak holiday season as well as a drop in spending, US retail sales for…
US trade deficit drops for the first time in six months
The trade deficit of the United States of America slipped in November due to a steady decline in cellphone and…
Economy: Growing US private jobs lift the dollar
Growing jobs in the US private sector led to the dollar rising on Wednesday. With gains against the euro and…
Days after truce, Huawei CFO’s arrest likely to break US-China ties
Amidst the rising trade tensions between the US and China, the 90-day temporary resolution reached at the Argentina G20 Summit…
Crypto losses hit $700 billion as Bitcoin sees worst week
Bitcoin is slipping and how. On Friday, the cryptocurrency and its peers slid marking a 24% decline since Nov. 16…
Affordability takes a beating as home prices, mortgage rate zoom
A key area of the economy that remained subdued this year is the housing sector, even while overall growth gathered…
Post-selloff, stock futures stabilize as consumer price growth cools
It is natural that investors look for solace in economic indicators whenever there is a stock crash, like the mid-week…
Why you should probably sit through the next market crash
Renowned economist Ted Bauman recently sent shockwaves across the markets when he predicted a market crash with a 70% collapse…