Page 39 - Us Economy

Hurricane Ida: Economists foresee only modest damage to US economy

The impact on the overall US economy should be modest so long as damage estimates don't rise sharply and refinery shutdowns are not prolonged, economists suggested

Fed Chair gives no signal on start of bond-buying taper, weighs Delta risks

In a speech to the annual Jackson Hole economic conference, Powell indicated the Fed will remain cautious in any eventual decision to raise interest rates

Fed on track to slow aid for economy later this year, says Powell

The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve

US' Q2 economic growth revised slightly higher; weekly jobless claims rise

Gross domestic product increased at a 6.6% annualized rate, the Commerce Department said on Thursday in its second estimate of GDP growth for the April-June quarter

Risk-on sentiment grows as Jackson Hole speech nears

Stocks in Asia, Europe and Wall Street futures all made gains, setting them on a recovery course after Chinese regulatory worries triggered a sell-off last week.

Wall St Week Ahead: Investors stick to stocks, but gear up for bumpier ride

Signs of caution abound, even as U.S. stocks hover near record highs.

Delta, Fed dominate economic conversation as stocks jump, oil drops

The Dow Jones Industrial Average ended up 0.65%, while the S&P 500 gained 0.81% and the Nasdaq Composite added 1.19%

Focus on its economy may've led US to put India deal on the back burner

Government officials said circumstances are now different, with a change in the administration in the US and President Joe Biden taking over in January

US weekly jobless claims fall to 17-month low of 348,000

Initial claims for state unemployment benefits fell 29,000 to a seasonally adjusted 348,000 for the week ended Aug. 14, the Labor Department said on Thursday

S&P 500, Dow drop from peaks as China's economic data sours mood

Economy-linked cyclical stocks weigh on markets; Tencent Music falls after Soros Fund dissolves stake

At 375,000, US initial unemployment claims drop for third week in a row

Continuing claims for state benefits fell to 2.9 million in the week ended July 31.

US consumer price increases slowed in July, inflation still high

The consumer price index increased 0.5% from June and 5.4% from a year ago, according to Labor Department data released Wednesday

United States inflation data looms as stocks hover near record highs

In Europe, the STOXX index of leading companies hit a new peak for an eighth consecutive session

United States Senate narrowly approves $3.5 trillion spending plan

Republicans have railed against the spending plan

Aviation heavyweights fly to US grassroots air show to fill pilot shortage

For one week, the annual summer event becomes the world's busiest airspace with well over 100 takeoffs or landings every hour.

Joe Biden's infrastructure win overshadowed by new virus surge

Biden has entered a more challenging phase of his presidency as the virus has once more proved to be an intractable foe that now endangers the nation's fragile return to normalcy

Top headlines: India sticks to growth forecast; Kerala struggles with Covid

Business Standard brings to you the top headlines on Friday

US economy returns to pre-pandemic size, grows 1.6% in Q2: Report

On an annualised basis, second-quarter growth was 6.5 per cent

US economy returns to pre-pandemic level; labor market healing

The pace of GDP growth reported by the Commerce Department on Thursday was, however, slower than economists had expected.

US economy grows solidly in second quarter; weekly jobless claims fall

Though the fiscal boost is fading and COVID-19 cases are rising in states with lower vaccination rates, consumer spending will likely continue to grow.