Tag Archives: US Economy

Wall Street stocks were mixed early on Tuesday as market participants digested December’s trade balance figures and continued to look ahead to key inflation data scheduled for release later in the week.As of 1510 GMT, the Dow Jones Industrial Average was up 0.13% at 35,135.36, while the S&P 500 was …

Continued strong consumer appetite for overseas goods pushed up the US trade deficit in December, sending the full-year import-export gap to a record level in 2021.The December deficit in trade of goods and services grew by 1.8% to a seasonally adjusted $80.7 billion, the Commerce Department said Tuesday, just less …

Gold prices stabilized on Tuesday in light of concerns about Russia and Ukraine, which kept the metal, which is considered a safe haven of value, supported near the highest level in a week, which was recorded in the previous session. At the same time, the markets awaited US inflation data …

The US Commerce Department said it has added 33 Chinese entities to what it calls a list of unverified exports that requires US exports to go through additional procedures before goods are shipped to those entities. On Monday, the department said it was taking the step because it was unable …

The Gold Index (XAU/USD) climbs in the North American session, despite US T-bond yields shooting through the roof after the US Nonfarm Payrolls report smashed expectations. XAU/USD is trading at $1,816.Financial markets mood is positive. US Treasury yields move higher in the session, with the 10-year benchmark note rate at …

China and the United States should approach trade issues on the basis of mutual respect, China’s Foreign Ministry said on Monday, after U.S. officials urged Beijing to take concrete measures to fulfill commitments under a trade deal. No trade disputes are not in anyone’s interest, Foreign Ministry spokesman Zhao Lijian …

Ford reported fourth-quarter earnings on Thursday, which largely missed Wall Street earnings expectations and lost slightly in revenue. Adjusted earnings per share were 26 cents versus 45 cents expected, and auto revenue was $35.3 billion versus $35.5 billion expected. While the automaker met its 2021 annual profit guidance, Ford Chief …

According to the final version of IHS Markit’s Services PMI survey, the headline index was 51.2 in January, above the flash estimate for a 50.9 reading. The final Composite PMI came in 51.1 in January, also above the flash reading of 50.8. January US PMI Composite Index (Final): 51.1 vs. …

The US public debt has crossed the $30 trillion barrier for the first time ever, with government lending accelerating during the “Corona” pandemic to contain the virus’ repercussions on the economy. According to US Treasury data released on Tuesday, the US public debt has risen by about seven trillion dollars …

US job openings gained to 10.9 million in December, according to JOLTS data published Tuesday above forecast of 10.3 million openings. Some 4.3 million Americans quit, down from November’s record high but still exceeding the pre-crisis average.Openings rose the most in the accommodation and food services sector, with businesses listing …