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Latest Articles in us economy

Citigroup Sees $2 Billion More Revenue From Lending In 2019, Shares Rise

Chief Financial Officer John Gerspach pointed to growing revenue from its consumer banking business and a reduced government surcharge for deposit insurance, as drivers for net interest income this year

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Rupee Slides 6 Paise Against US Dollar

Erasing its early gains on account of dollar demand from importers and banks, Rupee slipped 6 paise to 72.65 against US currency in late morning deals today

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US And Chinese Economies To Face A Very Challenging 2019

There are ominous signs that the US And Chinese Economies are likely to face a challenging 2019 (and 2020) - to the detriment of the global economy (and in particular, posing significant downside risks for several emerging economies in Asia)

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Fed Raises Rates, Unveils Balance Sheet Cuts In Sign Of Confidence

The Federal Reserve raised interest rates for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy and strengthening job market

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Fed Set To Leave Interest Rates Unchanged, May Hint At June Hike

The US Federal Reserve is expected to hold interest rates steady at its meeting this week as it pauses to parse more economic data but may hint it is on track for an increase in June

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Investor Optimism, Global Reality May Clash In 2017

Investors sound optimistic about a breakout for the world economy next year, but for all the talk of huge tax cuts from the incoming US presidency of Donald Trump, the economic outlook looks similar to 2016: uneven and unspectacular

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Gold Above Two-Month Lows As Dollar Slip; US Jobs Data In Focus

In an interview on Tuesday, Fed Vice Chair Stanley Fischer said the US job market is nearly at full strength and that the pace of rate increases by the Fed will depend on how well the economy is doing

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Gold Firm As US Data Lowers Rate Hike Prospects

US retail sales were unexpectedly flat in July as Americans cut back on purchases of clothing and other goods, signalling a moderation in consumer spending

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Florida Jury To Decide If Auditor Should Have Caught Crisis-era Fraud

The lawsuit against PwC is a test of a recurring question that has faced the auditing industry: whether and when auditors are responsible for detecting fraud

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Gold Eases As Dollar Recovers, Equities Rise

A sidelined Fed between now and year-end should weaken the dollar, pushing gold to test July highs of $1,374 levels, with an outside chance of getting to $1,400, says an analyst

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ADB Trims 2016 Growth Forecast For Developing Asia On Weak Global Outlook

Developing Asia, which groups 45 countries in the Asia Pacific region, is now expected to expand 5.6 per cent this year, slightly weaker than a March forecast of 5.7 per cent

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Fed Survey Lays Bare US Economic Divide

A large swathe of Americans struggling with stagnant wages and fewer middle-class jobs have fuelled the presidential campaigns of Donald Trump and Bernie Sanders

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Globescan: Slow And Steady

Johnson & Johnson was ordered by a US jury to pay $55 million to a woman, who said that using the company’s talc-powder products for feminine hygiene caused her to develop ovarian cancer

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Gold Slips As Dollar Holds Firm After US Jobs Data

The US economy added the fewest number of jobs in seven months in April and Americans dropped out of the labour force

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Dovish Yellen, Softer Dollar Support Gold Near $1,240

Some analysts say gold could be subject to downside risks as focus now shifts to key US jobs data due this week

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