Tag Archives: US Economy

U.S. economic growth slowed as a result of supply chain disruptions and a growing labor shortage according to a fresh Federal Reserve report. Fed’s Beige Book is a region by region compilation of economic information. In its latest edition issued Wednesday, Fed reported that several districts noted that growth overall …

Semiconductor stocks have been rallying most of this year and hit new hikes. The pandemic has bolstered demand for chips by leaps and bounds, leading to the worst global shortage in many years.iShares Semiconductor and Vectors Semiconductor have benefited from the crisis and reaped gains of about 4% over the …

U.S. Treasury yields jumped on Tuesday. Today’s session has pushed the 10 year Treasury note back to its highest level since June.The 10-year U.S. Treasury yield rose, surpassing the 1.6% level. The yield on the benchmark note added 5.7 basis points at 1.641% level. Yields on 30-year Treasury bonds also …

Oil prices were little changed on Tuesday, with West Texas Intermediate, the U.S. benchmark, hovering around $81.60 a barrel. Oil futures are at seven-year highs and are up 70 percent this year amid a global energy crunch that is pushing prices higher for other commodities.Following a mixed session Monday triggered …

The U.S. economy will be battling a continued slowdown in 2022 as it contends with sticky inflation and supply chain bottlenecks.Growth is clearly slowing. Obviously the U. S. has passed the peak growth rate, but it’s a relatively graduate slowdown. A number of economists have cut their 2021 GDP growth …

The U. S. economy faces some problems. A pandemic is barrier, but has not developed into a financial crisis yet because it has not damaged credit markets or household balance sheets, as the housing bubble of the early 2000s did. Instead, the pandemic caused a sharp, brief recession.Today, the unemployment …

Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading, fueled by the Federal Reserve’s massive injection of cash into the markets.The central bank is nearing the time to wind down its asset purchases, tapering, as banks are getting ready to profit again as increased volatility encourages …

Consumer sentiment in the U.S. slightly and unexpectedly decreased in early October as the spread of the Covid-19 Delta variant and supply-chain strains impacted the Americans’ mood.Americans grew more concerned about both current conditions and the economic outlook. The preliminary estimate of the index of consumer sentiment released Friday by …

Receipts have broadly increased, led by sporting goods and hobbies. Autos surprise with 0.5% increase after 3.3% decline in August. U.S. retail sales achieved 0.7% gain in September.U.S. retail sales unexpectedly increased last month in a broad advance, suggesting resilient demand for merchandise even as production constraints limit supply according …

Goldman Sachs announced its third-quarter results that were better than analysts’ expectations, as investment banking revenues rose by 90%. Goldman Sachs’ results beat expectations during the third quarter, with earnings per share of $14.93 versus expectations of $10.18 per share, according to Refinitiv. Revenue also beat expectations, reaching $13.6 billion …