Live US News Today

5^th Aug 09:52 AM PDT

US jobs data: Stocks to watch as unemployment rate declines to 3.5%

28^th Jul 08:12 AM PDT

Recession fears intensified among the investors as the US economy withered for a second consecutive quarter amid hindering consumer spending due to the high inflation, the Bureau of Economic Analysis reported on Thursday, July 18.

On the other hand, Fed's rate hike decision marking a hawkish effort to bring down inflation has weighed on the business and housing market.

The advance estimate by the US Commerce Department agency on Thursday noted that the US GDP declined 0.9 per cent annually in the Q2, after a decline of 1.6 per cent in the previous quarter of the year. Notably, the second estimate would be released on August 25, the Commerce Department said.

The report said that the PCE price index rose 7.1 per cent year-over-year (YoY) in Q2, the same as the previous quarter. Excluding volatile food and energy prices, the PCE price index is said to have advanced at a rate of 4.4 per cent in the second quarter, down from an increase of 5.2 per cent in Q1.

However, the report said that despite a decline in the GDP, personal consumption, which provides cues on the US consumer condition, increased by one per cent in Q2, following an increase of 1.8 per cent in the first quarter of 2022.

17^th Jun 02:17 PM PDT

US stocks end mixed after tech rally; SGEN, MRNA surge

16^th Jun 01:51 PM PDT

US stocks edge lower on recession fears; TSLA, KR, JBL decline

15^th Jun 02:16 PM PDT

Wall Street rallies after Fed’s big rate hike; NUE, BA, BYND soar

15^th Jun 08:53 AM PDT

US home equity touches record level at US$27.8 trillion in Q1

14^th Jun 06:42 AM PDT

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14^th Jun 03:09 AM PDT

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14^th Jun 02:34 AM PDT

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13^th Jun 02:07 PM PDT

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13^th Jun 02:07 PM PDT

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13^th Jun 02:06 PM PDT

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13^th Jun 11:29 AM PDT

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13^th Jun 08:55 AM PDT

S&P 500 slants towards a bear market over looming fears of recession

13^th Jun 08:23 AM PDT

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13^th Jun 07:52 AM PDT

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