Congress to question heads of Major US Banks on Consumer, Social Issues
This week, lawmakers will question the chief executives of JPMorgan (NYSE: JPM), Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), and...
Tag : US
On Recession Fears, Dollar Gains Strength While Yuan Crosses Crucial Threshold
Early European trade on Friday saw a strengthening of the US dollar, while the Chinese yuan crossed a significant threshold as risk appetite was dampened...
US Retail Sales Increased 0.3% in August as Pressure from Gas Prices Eased
US retail sales grew surprisingly in August by 0.3 per cent, as a drop in gasoline prices encouraged consumers to lower some of their recent...
US Import Prices Plunge for Second Straight Month in August
US import prices dropped for a second straight month in August, weighed down by decreasing costs for petroleum products and a strong dollar. On Thursday,...
US Producer Prices Post Second Straight Monthly Drop
US producer prices dropped for a second straight month in August since the cost of gasoline fell further, resulting in the least annual increase in...
Dollar Holds After Gains Inspired By Cpi; Yen Advances Talk Of Intervention
Early on Wednesday in European trading, the US dollar stabilized after the previous session’s significant gains following the hotter-than-expected US inflation report.The Dollar Index, which...
Food Prices, High Rents Boost US Inflation in August
In August, US consumer prices unexpectedly surged, and underlying inflation increased amid rising costs for rents and healthcare. This development gives the Federal Reserve ammunition...
White House Makes Contingency Plan to Avert US Rail Shutdown
On Tuesday, the White House made contingency plans to ensure critical goods deliveries during the US rail system shutdown. However, the White House also reiterated...
US Holiday Growth to be Sluggish as Inflation Hit Shoppers
US sales growth is expected to slow this holiday season since consumers are facing decades-high inflation. Reports suggest that budget-conscious consumers are seeking to stretch...
Oil Prices Edges Lower as Markets Weigh Mixed Supply Signals
Oil prices fell on Thursday, rising sharply in the first half of last week, as traders weighed a larger-than-expected build in US Oil inventories against...