Rising tariffs and inflation fears drive sharp drop in U.S. confidence
Consumer confidence in the United States declined for the fifth consecutive month in April, dropping to its lowest level since May 2020. The Conference Board...
Tag : U.S. economy
Market rebounds as stock futures rise following sharp sell-off
U.S. stock futures edged higher on Tuesday following a sharp sell-off on Wall Street driven by growing recession fears. Investors appeared to reassess economic conditions...
U.S. jobless claims rise to 242,000, highest level in three months
The number of Americans filing for unemployment benefits rose to 242,000 for the week ending February 22, marking a three-month high, according to the U.S....
U.S. stocks fall as Trump announces tariffs on key trade partners
U.S. stocks declined on Monday following President Donald Trump's announcement of new tariffs on China, Mexico, and Canada. However, major indices pared early losses mid-morning...
Investors eye inflation data as Treasury yields hit fresh highs
The 10-year U.S. Treasury yield reached a 14-month high on Monday, reflecting investor anticipation ahead of key inflation reports set for release this week. The...
Gold reaches record high amid weak dollar and rate cut hopes
Gold prices reached unprecedented heights this week, hitting a record of $2,500.99 per ounce amid weakening U.S. dollar and heightened anticipation of a Federal Reserve...
U.S. consumers ramp up retail spending in July despite high prices
In a strong rebound, U.S. shoppers ramped up their spending in July, registering a 1% increase from June - the highest growth in retail sales...
Dow climbs 300 points as inflation data buoys market sentiment
The Dow Jones Industrial Average surged by 317 points, a 0.8% increase, as positive U.S. inflation data bolstered investor confidence. Similarly, the Nasdaq Composite and...
U.S. stocks rally after positive unemployment report
Wall Street experienced its strongest performance since 2022, with the S&P 500 surging 2.3% following optimistic unemployment figures, signaling a potential easing of economic concerns....
IMF’s 2024 global growth forecast highlights U.S. resilience
The International Monetary Fund (IMF) has revised its global growth projection for 2024, increasing it by 0.2 percentage points to 3.1%. This upward revision is...