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US economy

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.

Iranpress: US weekly jobless claims rise amid winter storms

US weekly jobless claims rise amid winter storms

Friday, 05 March 2021 04:46

The number of Americans filing new claims for unemployment benefits rose last week, likely boosted by brutal winter storms in the densely populated South in mid-February, though the labor market outlook is reportedly improving.

Iranpress: US debt burden to rise to 202% of GDP in 2051, CBO projects

US debt burden to rise to 202% of GDP in 2051, CBO projects

Friday, 05 March 2021 03:14

The US federal debt burden will double over the next 30 years, reaching 202% of economic output in 2051, as deficits grow and interest rates eventually rise, the Congressional Budget Office said on Thursday.

Iranpress: US economy suffers by 3.5% decline in 2020

US economy suffers by 3.5% decline in 2020

Friday, 29 January 2021 02:54

The US economy shrank by 3.5% in 2020, the worst year for growth since 1946, as the coronavirus pandemic brought the country to a shuddering halt.

Iranpress: Joe Biden says economic crisis is deepening in US

Joe Biden says economic crisis is deepening in US

Saturday, 23 January 2021 03:22

The US president in a statement on Friday said that the economic crisis in his country is deepening.

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