Page 46 - Us Economy

A high-pressure growth gamble

Biden administration's mega-stimulus could set off a tug of war between growth and inflation and a churn in the markets

Joe Biden, Kamala Harris and others to promote relief plan's benefits

The president will have more to say about the plan Monday at the White House, and he plans to visit a small business in Delaware County, Pennsylvania, on Tuesday

US weekly jobless claims at four-month low; labour market regaining footing

Unadjusted claims dropped 47,170 to 709,458 last week, amid declines in Texas, New York and Mississippi, where claims had been boosted in the prior period by harsh weather

Biden signs $1.9 trillion stimulus bill into law on US lockdown anniversary

The Democratic-led US House of Representatives gave final congressional approval to the measure on Wednesday, handing the Democratic president a major victory in the early months of his term

US weekly jobless claims fall more than expected

Fewer than expected Americans filed new claims for unemployment benefits last week

Best of BS Opinion: Monetisation lessons from NHAI, recovery risks & more

Here's a selection of Business Standard opinion pieces for the day

US consumer prices rise in Feb; underlying inflation muted for now

The consumer price index increased 0.4% last month after rising 0.3% in January.

The recovery risks

Economic management in India will remain tricky

Wall Street opens higher on tepid inflation data as economy gains momentum

Major U.S. stock indexes opened higher on Wednesday after data showed underlying consumer prices remained tepid in February, easing concerns about a spike in inflation

$1.9 trillion Biden relief package a bet government can help cure US

President Joe Biden wants America to know that he's from the government and he's here to help

Undocumented Indian immigrants in US hold $15.5 billion in spending power

Undocumented Indian immigrants to the US, numbering over half a million, hold a spending power of $15.5 billion and contribute $2.8 billion to the federal, state and local tax revenue, says a report

Surging yields drag indices: Sensex falls 440 pts, Nifty ends at 14,938

10-year US Treasury yield crosses 1.5% again following Powell's comments

US job growth beats expectations in Feb amid falling new Covid-19 cases

Nonfarm payrolls surged 379,000 jobs last month after rising 166,000 in January, the Labor Department said on Friday. In December, payrolls fell for the first time in eight months

US Senate nears $1.9 trillion relief bill votes after half-day GOP delay

There was a half-day holdup forced by a Republican foe of President Joe Biden's top legislative priority

Wipro stocks fall nearly 4% after signing deal to buy Capco for $1.45 bn

IT services major Wipro's shares on Friday went down nearly 4% in early trade after the firm said it has signed an agreement to acquire Capco

US unemployment claims tick up to 745,000 as layoffs remain high

This is a sign that many employers continue to cut jobs despite a drop in confirmed viral infections

US private payrolls rise less than expected in February, shows data

Private payrolls increased by 117,000 jobs last month, the ADP National Employment Report showed on Wednesday

Jobless aid, direct checks could get trimmed as US Senate takes up aid bill

With Republican cooperation unlikely, Democrats who narrowly control the chamber need to stick together to pass Biden's top legislative priority

An open letter to Biden on international corporate taxation

The negotiating process has, nonetheless, reached agreement that multinationals should be considered unitary businesses

Oil prices rise on Covid-19 vaccine optimism, US economic stimulus

Brent crude was up 34 cents, or 0.5%, at $64.76 a barrel by 1448 GMT, and U.S. West Texas Intermediate (WTI) crude rose 13 cents, or 0.2%, to $61.63 a barrel.