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Keywords: US economy
The US dollar is trading near its highest level in eight days on Thursday, supported by new data showing that inflation in the United States remains high enough to keep the prospect of a monetary tightening by the Federal Reserve (Fed) open by the end of the year. Investors are now turning their attention......
The U.S. economy gained momentum in August, with business activity expanding at its fastest pace in more than four years as stronger demand and improved corporate expectations supported hiring and overall economic growth. Preliminary data from S&P Global showed that the composite Purchasing Managers’......
Manufacturing activity in New York strengthened significantly in August, reaching its highest level in several years as stronger demand and rising shipments supported the sector. The improvement came alongside growing pressure on companies from higher production costs. According to the Federal Reserve......
The rapid expansion of data centers is putting additional pressure on the electricity network in the Permian Basin of West Texas, where rising power consumption from oil and gas operations is coinciding with growing demand from the technology sector. The Permian Basin has experienced a significant increase......
US President Donald Trump has ordered the introduction of 100% tariffs on imports of certain types of drones and drone components, marking another step in his administration's efforts to tighten controls on imported products and strengthen the use of tariffs as a trade policy instrument. Trump described......
The US housing market lost further momentum in July, with existing home sales declining for a second consecutive month as elevated mortgage rates and limited inventory continued to constrain activity. Existing-home transactions fell 1.7% in July to a seasonally adjusted annual rate of 4.06 million units,......
Billionaire entrepreneur Elon Musk has raised concerns over the United States' worsening fiscal outlook, warning that the continued growth of public debt could pose a serious threat to the country's economic stability. He argued that large-scale adoption of artificial intelligence and robotics......
President Donald Trump is moving forward with a new wave of double-digit tariffs targeting dozens of United States trade partners as a deadline approaches regarding temporary levies implemented following a major Supreme Court setback. The administration will impose customs duties ranging between 10%......
The United States labor market has once again demonstrated remarkable resilience against ongoing macroeconomic pressures. Weekly initial jobless claims experienced a sharp decline during the week ending July 18, reaching their lowest levels in decades. This unexpected performance highlights the sustained......