Tag Archives: US Economy

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 …

US retail sales unexpectedly rose in September, but there are concerns that supply restrictions could negatively affect the holiday shopping season amid persistent shortages of cars and other goods. Retail Sales in the US rose by 0.7% on a monthly basis to $625.4 billion in September, the data published by …

U.S. shares surged Thursday reacting to banks’ strong quarterly results. Dow Jones rose 533 points, or 1.55%, while the S&P 500 index advanced 1.71% to post its best day since March and the Nasdaq Composite index tacked on 1.73% for its best session since May.Strong gains came as jobless claims …

Despite a broadly shared view that the U.S. labor market has healed enough to allow the Federal Reserve to start tapering as soon as next month, policymakers remain divided over inflation and what they should do about it.The U.S. government reported on Thursday that producer prices rose 8.6% in the …

The CRB commodity index hit an all-time high, PPI Thursday was at the highest in at least 10 years and yet yields are falling.Investors still digest a lighter-than-expected September producer inflation reading. The yield on the benchmark 10-year Treasury note gave up 3 basis points, falling to 1.519% at 2:35 …

The U.S. Federal Reserve’s regional bank presidents responded to criticism of their ethics rules by Democratic Senator Elizabeth Warren with a joint letter welcoming a review of the matter by the Fed’s Board of Governors and pledging to make any changes that result from that process.“Recently, Federal Reserve Chair Jerome …

Citigroup and other major U.S. banks said customer spending has eclipsed pre-pandemic levels.U.S. stocks jumped Thursday, bolstered by better-than-expected earnings and economic data that helped ease investor concerns about inflationary pressures and a slowdown in growth.Wall Street is booming, or at least parts of it are. Merger mania and stock …

WTI futures capped at $81.61, and remain steady above $80.00. OPEC forecasts, US stocks weigh on oil prices.U. S. Oil prices consolidate between $79.45 and $81.60. Front-month WTI futures have been rejected at $81.61 session high earlier Thursday, and prices have retreated moderately during Thursday’s US trading session. Oil prices, …

Consumer Price Index data from the U. S. Labor Department and FOMC minutes represented the key market drivers on Wednesday. Inflation is still steering the both the U. S. economy and fiscal policy as prices continued their ascent in September. Social Security benefits will rise 5.9% in 2022, the highest …