Page 9 - Us Economy

US job growth up in November as Boeing workers return, hurricanes over

Based on the November estimate, job growth would be trending around 145,000 over the past three months, which economists said was consistent

Global cos to be affected by Trump's tariffs on Canada, Mexico, China

Chinese EV maker BYD has been scouting for locations to build a plant in Mexico but has said repeatedly that the factory will serve the domestic market

Gold prices edge lower as spotlight shifts to US non-farm payrolls data

Spot gold was down 0.1 per cent at $2,648.69 per ounce, as of 1030 GMT. US gold futures also eased 0.1 per cent to $2,672.40

US continues to exploit other economies for their benefit: Vladimir Putin

Addressing the VTB Investment Forum in Moscow on Wednesday, Putin said that the opponents of the US did a lot to undermine the fundamental basis of dollar as their international reserve currency

Wall Street stocks up, dollar steady amid turmoil in South Korea, France

UnitedHealth shares gained 0.4 per cent even as Brian Thompson, the CEO of its insurance unit, was fatally shot on Wednesday morning in New York City

US manufacturing improves in Nov as orders rebound, input price gains slow

The Institute for Supply Management (ISM) said on Monday its manufacturing PMI increased to 48.4 last month from 46.5 in October, which was the lowest level since July 2023

Fed's Jerome Powell may have made US monetary policy boring again

For all potential controversy around the Fed posed by Donald Trump's victory in the Nov. 5 election - hints, for example, that the U.S. president-elect might rekindle his first-term feud with Powell

US hiring growth due for snapback in November after storms and strike

Nonfarm payrolls probably advanced by 200,000 in November, according to a Bloomberg survey of economists. The data due Friday are also expected to show the unemployment rate held at 4.1%

US economy grows at 2.8% in Q3 on consumer spending, exports surge

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth. The Commerce Department reported that growth in US gross domestic product the economy's output of goods and services slowed from the April-July rate of 3%. But the GDP report still showed that the American economy the world's largest is proving surprisingly durable. Growth has topped 2% for eight of the last nine quarters. Still, American voters exasperated by high prices were unimpressed by the steady growth and chose this month to return Donald Trump to the White House to overhaul the nation's economic policies. He will be supported by Republican majorities in the House and Senate. Consumer spending, which accounts for about 70% of US economic activity, accelerated to a 3.5%% annual pace last quarter, up from 2.8% in the April-June period and

Diversifying global leadership: India's opportunity in a US+1 strategy

As the world diversifies its geo-economic reliance on one country, we should also diversify our geopolitical reliance on a single nation

Biden pledges record $4 billion to World Bank fund for poorest nations

The World Bank's IDA fund, which provides mainly grants and very low interest loans to the poorest countries, is replenished every three years, and a pledging conference is scheduled for Dec. 5-6

Fed's Susan Collins says December interest rate cut still on the table

The Boston Fed chief noted inflation has come down "significantly," adding she's not seeing new price pressures and that "it's important to stay the course."

US industrial production sags in Oct amid continued drag from Boeing strike

The Fed estimated that the strike depressed industrial production by 0.2 percentage point in October after exerting a 0.3 percentage point drag in September

US consumers see lower inflation, debt delinquency risk: NY Fed survey

Households on average saw inflation over the next year at 2.9 per cent, down from 3.0 per cent in September and the lowest estimate for near-term price increases in four years

Oil prices steady as US storm threat abates, China stimulus disappoints

Brent crude futures fell 9 cents, or 0.1 per cent to $73.78 a barrel by 0916 GMT while US West Texas Intermediate crude futures were at $70.23 a barrel

Statsguru: What Donald Trump's return to the White House means for India

The US gross domestic product grew 2.5-3 per cent annually under Trump's first presidency

US weekly jobless claims up slightly, strong rise in unit labour costs

Though the labor market is easing, wage pressures are not showing a significant cooling, casting a shadow over the inflation and interest rate outlook

US economy slowing but solid in final run-up to presidential election

Voters have long been frustrated with the economy under President Joe Biden, which has featured the worst inflation

Fed seen on track for 25-basis-point interest rate cuts next week, in Dec

The increase of 12,000 nonfarm payroll jobs last month was far short of the 113,000 economists had anticipated

Hit by storms & labour union strikes, US payrolls increase by just 12,000

Nonfarm payrolls increased 12,000 last month, and hiring over the previous two months was weaker than previously thought, suggesting the underlying labor market continues to cool