Page 42 - Us Economy

Joe Biden's $6 trillion budget: Social spending, taxes on business

Biden has already described, in general terms, major plans on infrastructure and he won a major victory on Covid-19 relief earlier this year

World shares mostly higher on upbeat United States jobs, growth data

World shares rose Friday, powered by encouraging signs that the U.S. economic recovery from the pandemic is gaining momentum. U.S. futures also were higher. President Joe Biden's proposal for a USD6 trillion budget helped boost buying of shares likely to benefit from heavy government spending. Germany's DAX added 0.4per cent to 15,472.06 and the CAC 40 in Paris also added 0.4per cent, to 6,462.47. In London, the FTSE 100 picked up 0.4per cent to 7,045.51. The future for the S&P 500 was up 0.3per cent and the future for the Dow industrials rose 0.5per cent. Shares in Chinese online retail giant JD.com Inc.'s logistics arm rose 3.3per cent on their first trading day in Hong Kong after the company raised 24 billion Hong Kong dollars (USD3.1 billion) by selling a portion of the unit to outside investors. JD Logistics Inc. is the latest technology company to list in the semi-autonomous Chinese city as Beijing steps up scrutiny of the industry. Its IPO was the second largest for the ..

Initial unemployment claims in the US drop for a fourth straight week

The claims dropped to 406,000, a new low since the Covid-19 pandemic ravaged the labour market early last year, the US Labour Department reported

US economic growth in April-June remains unrevised at annualised 6.4%

The US economy grew at an annual rate of 6.4 per cent in the first quarter of 2021, the Commerce Department said in its second estimate.

United States first quarter GDP unchanged at robust 6.4% annual rate

The US economy grew at a robust annual rate of 6.4 per cent in the first three months of this year, unchanged from the government's initial estimate.

Biden to propose $6-trillion budget to boost middle class and infra

This would push federal spending to its highest sustained levels since WW-II

Dow, S&P 500 gain at open as weekly unemployment claims decline

(Reuters) - The Dow and the S&P 500 opened higher on Thursday after data showing fewer weekly jobless claims pointed to an improving outlook for the U.S. economy.

United States unemployment claims fall to 406,000, a new pandemic low

This comes as the virus wanes and economy further reopens.

Gold returns to where it started 2021 on Fed's dovish commitment

Signs of inflation would "prove to be largely transitory," Fed Vice Chair Richard Clarida said in a Yahoo! Finance interview

Wall St opens higher as attention shifts to key US business surveys

Wall Street's main indexes opened higher on Friday, extending a recovery from the previous session, as attention shifted to business surveys at the end of a volatile week of trading.

Federal Reserve officials signal open to taper talk at 'upcoming meetings'

US Treasuries declined on heavy futures volumes after the minutes were published

United States jobless claims decline to 444,000, a new pandemic low

Twenty-two states, from Texas and Georgia to Ohio and Iowa, have acted to block the federal government's $300 weekly payment for the unemployed

Ahead of jobs miss, some Fed officials edged towards 'taper' debate

US stocks dropped further into negative territory after the release of the minutes, while the US 10-year Treasury yield rose to a session high of 1.678%.

Wall Street remains lower after Fed minutes show unmet economic goals

A couple of Fed policymakers raised concerns that inflation will rise to "unwelcome" levels before the case for policy action becomes sufficiently evident.

Oil hits $70 for first time since March 15 as Europe, US re-open economies

Europe, US reopening optimism offset by pandemic concerns in Asia; speculation of Iran nuclear deal revival limits upside

Wall Street rebounds on tech boost after fewer jobless claims data

CBOE volatility index eases from 2-month high; energy stocks fall as oil declines over 2%

Over 100 anti-Trump Republicans threaten to form another party

The statement is expected to take aim at former President Donald J. Trump's stranglehold on Republicans, which signatories to the document have deemed unconscionable

US job growth misses all estimates in April; unemployment rate at 6.1%

Employment at temporary-help agencies and transportation and warehousing declined sharply.

US weekly jobless claims fall more than forecast to fresh 13-month low

Continuing claims for ongoing state benefits rose slightly in the week ended April 24.

US companies add most number of jobs in seven months, ADP data shows

All but one industry saw payroll improvements