Page 27 - Us Economy
Oil prices edge up as strong economic data feeds hopes for demand
Brent crude futures were up 93 cents, or 0.9%, at $95.85 a barrel by 11:20 a.m. ET (1520 GMT). U.S. West Texas Intermediate crude was at $89.68 a barrel, up 67 cents, or 0.8%.
 "Oil prices edge up as strong economic data feeds hopes for demand")
Rupee falls as strong US jobs data rekindles fear of aggressive Fed hikes
The Federal Reserve has already raised interest rates by 225 basis points since March 2020
 "Rupee falls as strong US jobs data rekindles fear of aggressive Fed hikes")
'Sizzling' US jobs data for July makes case for bigger Fed Rate increases
US employers added 528,000 jobs last month, more than all estimates, the unemployment rate fell to a five-decade low of 3.5%, and wage growth accelerated
 "'Sizzling' US jobs data for July makes case for bigger Fed Rate increases")
US job growth beats expectations; unemployment rate declines 3.5%
Data for June was revised higher to show 398,000 jobs created instead of the previously reported 372,000.
 "US job growth beats expectations; unemployment rate declines 3.5%")
Dollar edges higher as investors turn attention to key US jobs data report
The U.S. dollar index, which measures the greenback against a basket of currencies, was up 0.22% to 105.93, after sliding 0.68% on Thursday, the largest fall since July 19.
 "Dollar edges higher as investors turn attention to key US jobs data report")
Oil prices slip as weak manufacturing data stokes recession fears
Brent crude futures fell 29 cents to $99.74 a barrel by 0002 GMT, with WTI crude futures down 22 cents at $93.67 a barrel
 "Oil prices slip as weak manufacturing data stokes recession fears")
Trump vs Biden Rematch in 2024? Polls suggest America wants new face
Odds seem stacked against the Democrats in the upcoming Nov mid-term polls, with President Joe Biden, First Lady Jill Biden and Vice President Kamala Harris' ratings plummeting by the day
 "Trump vs Biden Rematch in 2024? Polls suggest America wants new face")
Rupee gains vs dollar as weak US GDP data softens Fed rate hike view
Dollar index falls as a contraction in US GDP eases Fed hike fears
 "Rupee gains vs dollar as weak US GDP data softens Fed rate hike view")
World stocks eye best month since late 2020, traders bet on weak US economy
As inflation surges across major markets and central bankers fight to raise rates without killing off growth, riskier markets like stocks have tended to react positively to any softening in sentiment
 "World stocks eye best month since late 2020, traders bet on weak US economy")
US economy shrinks for a second quarter, fueling recession fears
Surging inflation, rising rates, and continued supply chain snags to blame
 "US economy shrinks for a second quarter, fueling recession fears")
Wall Street gains on hopes of smaller rate hikes as economy shrinks again
US economy contracts again in second quarter; Meta Platforms revenue drops for first time; Qualcomm flags weak smartphone demand
 "Wall Street gains on hopes of smaller rate hikes as economy shrinks again")
Mastercard warns of inflation pinch after solid quarter for card issuers
Consumers across the globe have been showing signs of cracking in face of decades-high price pressures, with purchases at retailers including Walmart shifting away from big-ticket items to essentials
 "Mastercard warns of inflation pinch after solid quarter for card issuers")
Dollar pares gains as US economic growth contracts for second quarter
The second straight quarterly decline in GDP meets the standard definition of a recession. It comes as the Fed aggressively hikes rates in an attempt to choke off soaring inflation.
 "Dollar pares gains as US economic growth contracts for second quarter")
US GDP shrank 0.9% in Q2, its second straight drop, raising recession odds
Consecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession
 "US GDP shrank 0.9% in Q2, its second straight drop, raising recession odds")
US economy seen narrowly averting back-to-back contractions in Q2
Economists expect GDP to grow at annualised 0.4% in April-June period; consumer spending likely decelerated 1.2% on an annual basis
Walton family loses $11.4 bn after Walmart slashes earnings outlook
The Walton family fortune fell $11.4 billion on Tuesday after Walmart Inc slashed its earnings outlook for the second time this year
 "Walton family loses $11.4 bn after Walmart slashes earnings outlook")
And now sneaky shrinkflation is driving people crazy in the United States
Measuring inflation is hard. The goal is to capture changes in the overall price level - the numbers on every price tag - not swings in relative prices
 "And now sneaky shrinkflation is driving people crazy in the United States")
Biden fights talk of recession as key US economic growth report looms
Top forecasts such as the Atlanta Federal Reserve's GDP now are predicting that the figure will be negative for the second straight quarter an informal signal that the country is stuck in a downturn.
 "Biden fights talk of recession as key US economic growth report looms")
Dow Jones rises at start of big earnings week, Microsoft drags Nasdaq
The S&P 500 was up 5.49 points, or 0.14%, at 3,967.12, while the Nasdaq Composite was down 26.93 points, or 0.23%, at 11,807.19
 "Dow Jones rises at start of big earnings week, Microsoft drags Nasdaq")
TMS Ep220: Windfall tax, urban flooding, recession-proof stocks, Uber files
Why has the govt slashed windfall tax on fuel exports? Why urban India gets flooded every monsoon? Which stocks are investment-worthy amid imminent recession? What are Uber files? All answers here
 "TMS Ep220: Windfall tax, urban flooding, recession-proof stocks, Uber files")