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U.S. ECONOMY HEADED FOR RECESSION
For one small business, AI was key to a quick start and expansionThe rapid emergence and spread of AI has become a defining feature of the U.S. economy, of prime interest to Federal Reserve officials tr...- Trump Accounts Social Security check: $1,000 federal contribution coming at your accounts. Check eligibility, start dateSocial Security Check: While only U.S. citizens born during Trump's second administration will receive the $1,000 government contribution, ...
- Dollar set for biggest weekly drop since April after jobs data lowers Fed hike betsThe US dollar is experiencing its biggest weekly loss in 12 weeks, driven by weaker-than-expected US jobs data that has dampened expectatio...
- US stocks today: US stocks rise as softer jobs data calms rate-hike fearsUS markets climbed after June hiring slowed more than expected, easing fears of further Fed tightening. The data pointed to a cooling but r...
- Gold extends gains on weak jobs data, lower oil pricesGold prices climbed on Thursday, reaching a one-week high, buoyed by weaker-than-expected U.S. jobs data and a dip in oil prices. Investors...
- Trump administration declines to renew North American trade deal, starts 10-year wind-down clockThe United States has declined to extend the USMCA trade deal, initiating a ten-year wind-down period. This move aims to reshore manufactur...
- US stocks today: US stocks dip as US-Iran tensions weigh on sentimentUS stocks fell as US-Iran tensions weighed on sentiment, dragging Dow, S&P 500 and Nasdaq lower. Tech stocks led declines even as Meta surg...
- Yen sinks to four-decade low as dollar gets yields boostThe dollar surged to a 40-year high against the yen, fueled by rising U.S. Treasury yields and anticipation of a Federal Reserve rate hike....
- US stocks today: S&P 500, Nasdaq post best quarter since 2020 despite Iran warIndian markets closed the quarter on a high, mirroring global trends with significant gains for the S&P 500 and Nasdaq, driven by optimism ...
- US job openings stayed at a surprisingly strong 7.6 million in MayDespite the economic fallout from the Iran war and soaring energy prices, the U.S. job market shows surprising strength. Job openings in Ma...
- US Stock Market: Rising equity financing costs cast shadow over Wall Street's rallyUS stock markets are facing a new hurdle as borrowing costs for financing equity positions surge. Record demand for leveraged investments a...
- Gold set for fourth monthly fall on bets of Fed rate hikesGold prices tumbled over 1% on Tuesday, heading for a fourth consecutive monthly drop. Shifting from Middle East concerns, the market now a...
- Rupee slips as tepid stocks dull boost from firmer Asian peersThe Indian rupee edged lower against the dollar on Monday, despite positive sentiment from a US-Iran de-escalation and gains in Asian curre...
- Iran-U.S. war erupts again: Donald Trump threatens to wipe out Iran, America strikes at missile, drone storage facilities, coastal posts, claim IRGCIran-U.S. confrontation over Stratit of Hormuz and other issues continue to escalate as President Donald threatened to wipe out Iran.
- Wall Street Week Ahead: Jobs data, rate bets in focus as US stocks close solid first halfUpcoming jobs data could signal a strong U.S. economy, potentially leading to interest rate hikes and stock market jitters, especially for ...
- Gold gains as dollar weakens; still on track for fourth straight weekly lossGold prices saw a modest uptick on Friday, buoyed by a weaker dollar and slightly eased expectations of U.S. interest rate hikes following ...
- 'Growth momentum solid,' IMF says, backing Fed's wait-and-see approachThe U.S. economy is showing robust growth, with first-quarter GDP revised upwards to 2.1%. The International Monetary Fund anticipates infl...
- US Stock Market: Bessent applauds Fed communication reset, questions dot plot's relevanceU.S. Treasury Secretary Scott Bessent has backed Federal Reserve Chair Kevin Warsh's push to revamp the Fed's communication strategy, inclu...
- Gold extends losses on Fed tightening outlook, dollar strengthGold prices tumbled to a seven-month low on Thursday, nearing $3,985 per ounce, as a robust dollar and anticipation of Federal Reserve inte...
- Gold slips as Fed rate-hike expectations buoy dollarGold prices dipped on Wednesday, reaching their lowest point since June 11, as a stronger dollar, fueled by anticipated U.S. interest rate ...
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