Tag: USA

For much of America, the Iran war has meant pain at the pump. For Whirlpool, it has caused what it calls a “recession-level industry decline,” and higher appliance prices are coming as a result.

Private sector job creation was stronger than expected in April, providing more evidence of a stable labor market and less incentive for the Federal Reserve to lower interest rates amid persistently higher inflation, ADP reported Wednesday.

Oil prices fell sharply Wednesday on optimism that the U.S. and Iran were close to an agreement to end the conflict.

Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Federal Reserve.

An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank.

Iran has given the US a new proposal to reopen the Strait of Hormuz and end the war that includes postponing nuclear negotiations, Axios reported, citing a US official and two people with knowledge of the matter.

President Donald Trump on Tuesday extended the two-week U.S. ceasefire with Iran, saying the extension was warranted due to Tehran’s government being “seriously fractured.”

Sales at U.S. retailers posted the biggest gain in March in three years, but the increase was driven by higher gasoline prices and rising inflation, both of which could sap the economy if they don’t ease soon.

Fifty days into the U.S.-Israel war with Iran, tensions escalated again after clashes in the Gulf prolonged shipping disruptions and cast doubt on a fragile ceasefire set to expire this week.

Producer prices rose in March but considerably less than expected as the Iran war’s push on energy prices rekindled fears of another inflation burst.

Core inflation eased slightly in February before the recent surge in energy prices, according to a key gauge released Thursday that offers the Federal Reserve a snapshot of conditions leading into the Iran war.

The recent data release for durable goods orders has indicated a more significant decline than anticipated, raising concerns about the strength of the manufacturing sector and its potential impact on the U.S. economy.

Private sector employment growth was a bit better than expected in March, but health care and construction continued to provide nearly all the momentum, payrolls processing company ADP reported Wednesday.

Trump told the Financial Times on Sunday that his “preference would be to take the oil,” comparing it with the U.S. military operation in Venezuela earlier this year where the U.S. effectively gained control of the Latin American country’s oil industry

U.S. President Donald Trump announced a new extension of his deadline for Iran to reopen the Strait of Hormuz or face the destruction of its energy plants, after Iran rejected his ​15-point proposal to end the war he launched with Israel.

President Donald Trump on said in a Truth Social post Monday that he would order the U.S. military to postpone strikes on Iran’s power plants and energy infrastructure for five days following talks with Tehran’s authorities.

The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, pointing to stable labor market conditions and a rebound in job growth in March.

Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy prices.

The United States is allowing Iranian oil tankers to transit the Strait of Hormuz, Treasury Secretary Scott Bessent told CNBC in an interview Monday.

Top U.S. and Chinese economic officials were due to ​conclude talks in Paris on Monday, with potential areas of agreement in agriculture, critical minerals and managed trade that could be taken up by U.S. President Donald ‌Trump and Chinese President Xi Jinping in Beijing, sources familiar with the discussions said.