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US economy
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
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.
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.
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.
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.
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.
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.
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.
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.
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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