Tag: USA

U.S. President Joe Biden will ban new offshore oil and gas development along most U.S. coastlines, a decision that President-elect Donald Trump, who has vowed to boost domestic energy production, may find difficult to reverse.

Italian Prime Minister Giorgia Meloni made a surprise visit to Mar-a-Lago on Sunday, meeting incoming President Donald Trump for the second time since he won the U.S. election in November.

The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude, three sources with knowledge of the matter said.

U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be temporary.

The U.S. Treasury Department said a state-sponsored Chinese hacking operation was able to access third-party software to tap into desktop computers of Treasury employees in what the department is calling “a major incident.”

U.S. retail sales rose 3.8% between Nov. 1 and Dec. 24, as intense promotion to drum up sales in what was expected to be a highly competitive holiday season for retailers prompted last-minute shopping among consumers.

The Biden administration on Monday said it launched a new probe into legacy Chinese semiconductors that may go into everything from cars to household goods and defense systems.

The risk of a government shutdown over the holidays is mounting.

US president-elect Donald Trump has warned the EU that it must commit to buying “large scale” amounts of US oil and gas or face tariffs, in his first trade salvo against Brussels since his election victory.

Initial U.S. jobless claims drop to 220,000 in Dec. 14 week from 242,000 in prior week. Continuing jobless claims decline by 5,000 to 1.87 million. U.S. GDP growth in third quarter revised up to to 3.1% from 2.9%. Philadelphia Fed manufacturing survey tumbles to -16.4 in December from -5.5 in November

Congressional leaders on Tuesday evening released the text of a short-term bill to keep the federal government open until March 14, rolling it out just days ahead of a key deadline to prevent a shutdown and after numerous delays.

U.S. import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere, thanks to a strong dollar and suggesting that inflation pressures could subside in the months ahead.

President Xi Jinping sent a strong signal this week that Beijing was ready to work with U.S. President-elect Donald Trump to resolve trade disputes amid risks of a potential trade war.

In a surprising turn of events, the number of initial jobless claims in the United States has seen an unexpected increase. The latest economic data reveals that the actual number of individuals who filed for unemployment insurance for the first time during the past week reached 242K.

Consumer prices rose at a faster annual pace in November, a reminder that inflation remains an issue both for households and policymakers.

The Biden administration is weighing new, harsher sanctions against Russia’s lucrative oil trade, seeking to tighten the squeeze on the Kremlin’s war machine just weeks before Donald Trump to the White House.

Taiwan Semiconductor Manufacturing Co is in discussions with Nvidia Corp to produce its Blackwell artificial intelligence chips at the contract manufacturer’s new plant in Arizona, three sources familiar with the matter said.

Private payrolls growth was less than expected in November, reflecting a slowing labor market, according to a report Wednesday from ADP.

The Institute for Supply Management’s manufacturing index rose to 48.4% last month from 46.5% in October, exceeding Wall Street’s forecast.

President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to not creating new currency or face 100% tariffs during his administration.