Trump threatens BRICS nations with 100% tariffs over plans for new currency

Dec 01, 2024, at 06:49 am

Washington DC: US President-elect Donald Trump on Saturday issued a stern warning to BRICS nations, demanding they commit not to create or support a new currency to replace the US dollar or risk facing 100% tariffs, Reuters reported.

US inflation eases, grows by 0.3% in April, core CPI also cools

May 16, 2024, at 04:55 am

Washington: US inflation showed signs of easing as the growth was less than anticipated, indicating a continuation of its downward trajectory at the beginning of the second quarter.

US witnesses moderate increase in Feb inflation

Mar 30, 2024, at 05:10 am

Washington: The United States witnessed a moderate increase in prices, while the expenses for services excluding housing slowed notably, indicating the possibility of a Federal Reserve interest rate cut in June.

US November wholesale inflation remains steady, indicating gradual decrease in prices

Dec 14, 2023, at 04:35 am

Washington: The November wholesale inflation in the United States remained steady, indicating a gradual easing of price increases in the economic pipeline, AP reported.

US Federal Reserve keeps key rates unchanged in a unanimous decision

Nov 02, 2023, at 06:59 am

Washington DC: The Federal Reserve, which is the Central bank of the United States, on Wednesday, opted to keep interest rates steady at their highest level in 22 years for the second consecutive meeting, Bloomberg reported.

US economy: Consumer spending grows in Aug, underlying inflation eases

Sep 30, 2023, at 03:32 am

Washington: Consumer spending in the U.S. rose in August, although the core inflation rate, excluding food and energy, showed a decrease, falling below 4.0% compared to the previous year, Reuters reported.

Employment slows down in US as economy cools

Apr 08, 2023, at 06:36 am

Washington: Job gains in the US decreased for a second consecutive month in March, the latest government data revealed, indicating that the economy is slowing down as policymakers continue their efforts to curb inflation, AFP reported.

Job cuts in Tesla likely, after Musk mail says 'super bad feeling' about US economy: Report

Jun 06, 2022, at 05:47 pm

Elon Musk may cut jobs in his electric car company Tesla, Reuters reported, adding that in an internal mail sent to employees he conveyed his intentions arising from “super bad feeling” about the US economy.

COVID-19 fallout to cost US economy 7.9 tln USD over next decade: CBO

Jun 02, 2020, at 09:40 am

Washington/Xinhua/UNI: Fallout from the COVID-19 pandemic will shrink the size of the U.S. economy by 7.9 trillion U.S. dollars over the next decade, according to new projections released by the Congressional Budget Office (CBO) on Monday.