Page 11 - Us Economy

Nvidia suffers $279 billion loss in one day due to these factors: Explained

Nvidia lost $279 billion of its market cap on Tuesday, leading a broader market selloff. This followed a quarterly revenue forecast by the company that fell short of investors expectations

Charting the global economy: Inflation pressure cools in US, Europe

Meantime, inflation in Tokyo - a leading indicator of the national data due in September - picked up speed in August, supporting the case for the Bank of Japan to continue raising rates

As US rate cuts near, economic 'soft-landing' odds could dictate market

History shows that stocks tend to perform far better when rate cuts come against a background of resilient growth instead of during a sharp economic slowdown

US Federal Reserve preferred price gauge is set to reinforce rate cuts

Economists see the personal consumption expenditures price index excluding food and energy - the Fed's preferred measure of underlying inflation - rising 0.2% in July for a second month

Jerome Powell says 'time has come' for US Fed to cut interest rates

Swaps traders held roughly steady in their pricing, with the total rate cuts they foresee through the end of 2024 at about 102 basis points

US job market may be near tipping point, unemployment may rise: Research

Fed officials appear to have reached the same conclusion, with reductions to the U.S. central bank's benchmark policy rate expected to begin at the upcoming Sept. 17-18 meeting

With Fed rate cut set, Powell to focus on explaining US economic conditions

Powell instead could provide some background for the public and markets to understand how the Fed will respond as the economy evolves

US oil, gas M&A activity rose 57% in 2023 as industry consolidated: Report

The jump in spending on dealmaking and expanding reserves marks a shift in strategy following a years-long focus on shareholder returns over growth, which many firms had employed

Trump attacks Harris on inflation, economics in remarks at his golf club

Former President Donald Trump has said that Americans are struggling with massive price hikes that he blamed on Vice President Kamala Harris, looking to saddle his new Democratic rival with the unpopular economic record of President Joe Biden. Trump on Thursday stuck close to his scripted economic message, reading from a binder in front of him in a news conference at his New Jersey golf club. A day earlier, he struggled to make a sustained case for his economic policies during a meandering speech that his campaign had billed as a major policy address. Kamala Harris is a radical California liberal who broke the economy, broke the border and broke the world, frankly, Trump told reporters. Trump was flanked by popular grocery store items, including instant coffee, sugary breakfast cereals and pastries, laid out on tables as he highlighted the cost of everything from food to car insurance to housing. The event came one day after the Labor Department announced year-over-year inflation h

US business inventories marginally up by 0.3% in Jun after 0.5% rise in May

Inventories increased 2.1 per cent year-on-year in June

US producer inflation slows in July amid signs of pricing power diminishing

The report from the Labor Department on Tuesday also showed favorable readings for most of the components that go into the calculation of the personal consumption expenditures

US recession fears hyped, but any slowdown may impact India's economy

The US economy expanded 2.8 per cent in the second quarter and 1.4 per cent in the first quarter of 2024

US service sector rebounds in July, employment market also recovers

ISM's measure of services employment increased to 51.1 - growing for the first time since January - from 46.1 in June, second-largest in more than three years

Weak US employment report sends global markets careening off track

Indian markets also fell more than 1 per cent on Friday, with the benchmark National Stock Exchange Nifty ending at 24,718

Oil prices settle at 8-month low after disappointing US job numbers

US job growth slowed more than expected in July and unemployment increased to 4.3 per cent, pointing to raising fears of a possible recession

US unemployment rate hits 4.3% in July as job growth slows considerably

The employment report also showed increase in annual wages last month was smallest in more than three years, effectively sealing the case for the U.S. central bank to cut interest rates in September

US FOMC holds rates steady at 5.25% to 5.5%, signals 1st cut nearer

Officials also tempered their assessment of the labor market, noting job gains had moderated and the unemployment rate has moved up, but is still low

US inflation rises moderately, consumer spending cools before Fed's meet

The personal consumption expenditures (PCE) price index nudged up 0.1% last month after being unchanged in May, the Commerce Department's Bureau of Economic Analysis reported

US weekly jobless claims fall more than expected: Labor department

'The number of people receiving benefits after an initial week of aid, a proxy for hiring, slipped 9,000 to a seasonally adjusted 1.851 million during the week ending July 13'

US economy rebounds with 2.8% GDP growth in Q2; price pressures easing

Core PCE price index rises at 2.9% rate