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US economy

Iranpress: Average gas price in US historically hits $5

Average gas price in US historically hits $5

Saturday, 11 June 2022 16:34

According to the American Automobile Association's (AAA) Saturday reading, a gallon of regular gas now costs $5 on average for the first time.

Iranpress: Biden tries to put inflation blame on Russia

Biden tries to put inflation blame on Russia

Saturday, 11 June 2022 05:36

In his remarks on Friday, the US President tried to pin falling stocks and rising prices on the Russian President and the war in Ukraine.

Iranpress: World Newspapers: US faces new levels of inflation

World Newspapers: US faces new levels of inflation

Wednesday, 08 June 2022 21:24

U.S. Treasury Secretary says the country faces unacceptable inflation levels and calls on Congress to act as Republicans grill her on admitting she was 'wrong' about predicting the highest price hike in 40 years. 206

Iranpress: World Newspapers: Cloudy economic outlook weighs on US dollar

World Newspapers: Cloudy economic outlook weighs on US dollar

Monday, 06 June 2022 20:31

A run of mixed economic data is dragging on the U.S. dollar, stalling a ripple rally through the economy and financial markets. 206

Iranpress: World Newspapers: Who won the US-China trade war?

World Newspapers: Who won the US-China trade war?

Sunday, 22 May 2022 20:50

Neither country got the concessions it sought, and both damaged their economies. The real beneficiaries? Vietnam and others who stepped into the breach. 203

Iranpress: US economy on brink of major recession as GDP contracts

US economy on brink of major recession as GDP contracts

Friday, 29 April 2022 05:41

The US Department of Commerce announced the economic recession in a report on Thursday.

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

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