Tag Archives: US Economy

Oil prices ticked up slightly on Monday, lifted by a combination of U.S. tariff exemptions on electronic goods and a sharp rebound in China’s crude imports for March. However, concerns over an escalating U.S.-China trade war and its impact on global economic growth continued to limit gains. As of 08:22 …

Oil prices remained largely flat on Friday, yet were poised to log a second consecutive weekly loss as investors weighed the economic toll of a rapidly escalating U.S.-China trade conflict. Persistent fears of weakening global demand, paired with downgraded forecasts from energy authorities, have kept a lid on any price …

Oil prices fell sharply on Thursday, giving back much of the previous session’s rebound, as fears of a prolonged U.S.-China trade war resurfaced and weak inflation data from China deepened concerns over global demand. As of 07:55 ET (11:55 GMT): Brent crude futures (June delivery) dropped 2.8% to $63.62 per …

Oil prices extended their losing streak to a fifth straight session on Wednesday, dropping to levels not seen since February 2021, as an escalating tariff war between the United States and China stoked fears of weakening global demand. At the same time, expectations of rising supply added further pressure to …

Oil prices edged higher on Tuesday, rebounding more than 1% following a sharp selloff that pushed crude to near four-year lows. The recovery was supported by a modest bounce in global equity markets, though analysts caution that downside risks remain due to escalating U.S.-China trade tensions and fears of a …

While lower fuel prices might offer a fleeting sense of relief at the pump, the recent decline in oil prices carries a potentially ominous message for the broader economy. A simplistic view once held that cheaper oil universally benefited the United States, translating to greater consumer spending and reduced business …

The U.S. economy closed out 2024 on a solid note, expanding at a robust 2.4% annual rate in the final three months of the year, according to a government report released on Thursday. This figure, a slight upward revision from earlier estimates, was fueled by a late surge in consumer …

The British Pound has rallied against the US Dollar, surpassing the 1.2600 mark. This surge is primarily attributed to unexpectedly weak US retail sales data, which suggests a pullback in consumer spending. The Pound’s upward momentum has also been bolstered by positive UK economic indicators. US Retail Sales DisappointUS retail …

Coca-Cola’s fourth-quarter earnings exceeded expectations, as the company’s strategy of encouraging consumers to buy higher-priced beverages fueled an unexpected rise in sales volume. The strong performance sent shares higher in premarket U.S. trading on Tuesday. The beverage giant (NYSE: KO) has introduced slimmer 12-ounce cans in the U.S. to boost …

US consumer prices rose in line with expectations in December, while an underlying measure was slower than anticipated. This closely-watched gauge of inflation could influence the Federal Reserve’s interest rate policy plans in the coming months. The headline consumer price index (CPI) increased by 0.4% in December, slightly higher than …