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US economy

Iranpress: Sanctions on Russia are causing a recession in the US

Sanctions on Russia are causing a recession in the US

Thursday, 14 April 2022 13:10

The Washington Post reports that US sanctions against Russia could act as a catalyst for further inflation and recession in the United States.

Iranpress: World Newspapers: President to tap oil reserves in bid to cut gas prices

World Newspapers: President to tap oil reserves in bid to cut gas prices

Friday, 01 April 2022 20:58

Under growing pressure to bring down high energy prices, President Biden announced that the United States would release up to 180 million barrels of oil from a strategic reserve to counteract the economic impact of Russia’s invasion of Ukraine. 203

Iranpress: Famed investor warns of ‘recession or even worse’ in US

Famed investor warns of ‘recession or even worse’ in US

Wednesday, 23 March 2022 17:20

Famed investor Carl Icahn has warned of an economic downturn in the US, saying that there “very well could be a recession or even worse,” as inflation in the country is running at its highest level in 40 years.

Iranpress: World Newspapers: Microsoft strikes Activision megadeal

World Newspapers: Microsoft strikes Activision megadeal

Wednesday, 19 January 2022 20:02

Microsoft Corp. agreed to by Activision Blizzard Inc. in an all-cash deal valued at about $75 billion using its largest acquisition by far to grab a videogame heavyweight that has been roiled by claims of workplace misconduct. 203

Iranpress: World Newspapers: Inflation for 2021 highest in 40 years

World Newspapers: Inflation for 2021 highest in 40 years

Thursday, 13 January 2022 19:52

Prices rose at the fastest pace in four decades in December, increasing 7 percent over the same period a year ago and cementing 2021 as a year marked by soaring inflation wrought by the ongoing coronavirus pandemic. 203

Iranpress: World Newspapers: As prices rise, Biden deploys antitrust team

World Newspapers: As prices rise, Biden deploys antitrust team

Sunday, 26 December 2021 19:23

As rising inflation threatens his presidency, President Joe Biden is turning to the federal government’s antitrust authorities to try to tame red-hot price increases that his administration believes are partly driven by a lack of corporate competition.

Iranpress: World Newspapers: Ford, GM move to expand into chip making

World Newspapers: Ford, GM move to expand into chip making

Friday, 19 November 2021 19:49

Detroit’s two biggest auto makers —Ford Motor Co. and General Motors Co.— are looking to get into the semiconductor business, after a year of computer-chip shortages that snarled their global factory output.

Iranpress: US consumers expect inflation and their finances to worsen

US consumers expect inflation and their finances to worsen

Tuesday, 09 November 2021 07:15

The latest monthly survey from the Federal Reserve Bank of New York( NY Fed) showed Americans’ inflation expectations for the coming year had hit a new all-time high.

Iranpress: Cyber attack shuts down US fuel pipeline ‘jugular

Cyber attack shuts down US fuel pipeline ‘jugular'

Sunday, 09 May 2021 11:12

Top US fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the US East Coast’s fuel supply, after a cyber attack on Friday that involved ransomware.

Iranpress: Biden signs $1.9T stimulus bill helping US covid hit economy

Biden signs $1.9T stimulus bill helping US covid hit economy

Friday, 12 March 2021 05:34

Joe Biden signs a $1.9tn stimulus bill into law to paves the way for US Treasury to send out $1,400 cheques to most Americans amid a desperate economic situation due to pandemic.

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