economy
US job openings reach record high along with quits rate
The Labor Department's monthly Job Openings and Labor Turnover Survey painted a picture of strength and worker confidence in the…
Trade war: Fresh Chinese tariffs dim hopes for near-term resolution
The trade standoff between Washington and Beijing seems to be escalating into an intense economic warfare. The immediate effect of…
Job growth slows in July; Unemployment rate near historic low
A day after the Federal Reserve sounded caution on the rising inflationary pressure, there is some encouraging news from the…
Economy gathers steam; Q2 GDP growth is quickest since 2014
The US economy expanded at the fastest pace in about four years, in line with expectations, as households and enterprises…
Housing starts hit 9-month low as construction slump deepens
The construction sector, which is currently going through a challenging phase, has been the main drag on the economy since…
China’s trade surplus with US hits all-time high as tariffs backfire
When the trade standoff between the world’s largest economies intensified in recent weeks, market watchers had cautioned that a further…
Citigroup earnings beat view; stock dips on revenue miss
Investment banking firm Citigroup (C) Friday came out with mixed results for the second quarter, when earnings rose sharply and…
Beware credit-card holders, Fed rate hikes are coming
The Federal Reserve is expected to spike interest rate today by about 0.25 percentage points to 1.75%. While this is…
Will the stock indexes rise in March?
US equities had dropped sharply in February as wage hike prompted investors to analyze the Federal Reserve's proposed policy tightening…
US jobless claims at record low levels in nearly five decades
US Labor Department released its weekly jobless claims numbers. The latest data shows that the labor market remains buoyant in…
Economic growth slowed quicker than estimated in Q4
Latest data released by the Commerce Department showed that GDP growth decelerated at a slightly higher pace in the fourth…
US jobless claims hit 45-year low, beat estimates
The current fiscal year so far witnessed a lot of financial data coming in favor of the economy, and the…