Tag: USA

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.

Initial claims for state unemployment benefits dropped 2,000 to a seasonally adjusted 213,000 for the week ended Nov. 23, the Labor Department said on Wednesday. The report was published a day early because of the Thanksgiving holiday on Thursday.

The U.S. grew a 2.8% annual pace in the third quarter, revised figures showed, and indicated the economy headed into the crucial holiday shopping season with plenty of momentum.

President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post on his social media platform Truth Social.

The number of Americans who applied for unemployment benefits last week fell to the lowest level in seven months, reflecting steady growth in the economy and the need for most businesses to remain fully staffed.

Sales at retailers rose solidly in October and suggested the economy still has plenty of momentum heading into the holiday shopping season.

PPI ex food and energy 3.1% y/y vs +3.0% expected (+1.8% prior) – PPI ex food and energy +0.3% m/m vs +0.3% expected (+0.3% prior) – Ex food, energy and trade 3.5% y/y vs +3.2% prior (revised to +3.3%)

Initial jobless claims fell by 4,000 to 217,000 in the week ended November 9, the Labor Department said Thursday. It is the lowest level of claims since May. 

The consumer price index was expected to increase 0.2% in October and show a 2.6% 12-month rate, according to the Dow Jones consensus estimate.

The euro dropped to its lowest level in 6-1/2 months against the greenback on Monday as investors worried about possible U.S. tariffs that would hurt the euro area’s economy.

NATO chief Mark Rutte congratulated Donald Trump on Wednesday for being elected president of the United States, and emphasised that members were increasing their military spending, a response to a persistent Trump criticism of the Western alliance.

Republican presidential nominee Donald Trump will defeat his Democratic rival, Kamala Harris, and return to the White House for another four years, NBC News projects.

Private-job creation burst to its highest level in more than a year during October, despite a devastating storm season in the Southeast and major labor disruptions, ADP reported Wednesday.

The U.S. economy posted another solid though slightly disappointing period of growth in the third quarter, propelled higher by strong consumer spending that has defied expectations for a slowdown.

 The U.S. economy got off to a good start in the fourth quarter, a pair of S&P Global surveys found, and pointed toward brisk growth at the tail end of the year.