Tag: US

The U.S. added 275,000 nonfarm jobs in February, according to Bureau of Labor Statistics data released Friday.

The U.S. House of Representatives will fast-track a vote next week on legislation that would give China’s ByteDance six months to divest from short video app TikTok or face a U.S. ban after a committee unanimously approved the measure Thursday.

A measure in the U.S. funding legislation unveiled by congressional leaders on Sunday would block China from buying oil from the Strategic Petroleum Reserve, or SPR.

Inflation rose in line with expectations in January, according to an important gauge the Federal Reserve uses as it deliberates cutting interest rates.

The growth of the U.S. economy in the fourth quarter was downgraded slightly to a 3.2% annual pace, reflecting somewhat slower buildup of inventories or unsold goods.

Wholesale prices rose more than expected in January, further complicating the inflation picture, according to a Labor Department report Friday.

Retail sales were expected to decline 0.3% in January, according to economists surveyed by Dow Jones.

Inflation rose more than expected in January as stubbornly high shelter prices weighed on consumers, the Labor Department reported Tuesday.

The prices consumers pay in the marketplace rose at an even slower pace than originally reported, according to closely watched revisions the government released Friday.

The number of Americans who applied for unemployment benefits in the first week of February fell by 9,000 to 218,000 and indicated that layoffs remain extremely low.

New York Community Bancorp is attempting to reassure investors about its deposits, liquidity, and governance following a week-long plunge in the company’s stock and a decision by Moody’s to cut the bank’s credit rating to junk.

Job growth posted a surprise increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth.

Companies added 107,000 workers in the first month of 2024, off from the downwardly revised 158,000 in December, ADP reported Wednesday.

Sales of U.S. military equipment to foreign governments in 2023 rose 16% to a record $238 billion, the U.S. State Department said on Monday, as countries sought to replenish stocks sent to Ukraine and prepare for major conflicts.

An important inflation gauge released Friday showed that the rate of price increases cooled as 2023 came to a close.

The U.S. economy grew at a 3.3% annual rate in the fourth quarter, according to the Commerce Department.

Holiday shopping turned out even better than expected in December as shoppers picked up the pace to close out a strong 2023, the Commerce Department reported Wednesday.

The International Monetary Fund estimates that the U.S. economy has already seen about 75% of the transmission from monetary policy, the organization’s Deputy Managing Director Gita Gopinath said at the World Economic Forum on Tuesday.

Wholesale inflation as measured by the Producer Price Index rose 1% annually in December, up slightly from November’s 0.9% reading, according to data released Friday by the Bureau of Labor Statistics.

Initial jobless claims inched down by 1,000 to 202,000 in the week ended Jan. 6 , the Labor Department said Thursday.