Tag Archives: US Economy

One out of every three new cases infected with the novel coronavirus (COVID-19) in the United States were in Florida and Texas last week, according to a Biden administration counselor. Jeff Zients, White House Coronavirus Response Coordinator, told reporters in a press briefing on Monday that 17% of cases were …

Construction spending in the United States increased marginally in June, data by the U.S. Department of Commerce showed on Monday. An increase of 0.1% in June brought construction expenditure to a seasonally adjusted annual rate of $1.55 trillion. The May reading was revised upwards to show a 0.2% decline, versus …

The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 6.5% in the second quarter of 2021, the US Bureau of Economic Analysis’s first estimate showed on Thursday.

Ford Motor Company raised its earnings forecast for this year after it announced a windfall profit, saying it was selling more expensive cars. Its revenue slightly missed expectations due to an ongoing global shortage of semiconductor chips. Earnings per share were 13 cents, versus expectations of a loss of 3 …

The United States Senate voted on Wednesday on a large bipartisan infrastructure bill, at an estimated cost of around $550 billion in investments. A total of 67 Senators approved the bill, while 32 opposed, in the first procedural step to debate the proposed plan by President Joe Biden. Despite the …

The President of the United States, Joe Biden, has warned on Tuesday that the U.S. could go to an actual war with a major power due to cyberattacks. highlighting what Washington sees as growing threats posed by Russia and China. “I think it is more than likely we are going …

The Centers for Disease Control and Prevention (CDC) in the United States has recommended that people who are fully vaccinated against the novel coronavirus (COVID-19) should continue to wear masks in indoor public places, such as schools. The recommendation is more focused on areas where the Delta variant is spreading. …

The U.S. manufacturing sector continues to show some improvement signs, as shown by the results of the Federal Reserve Bank of Richmond survey, released on Tuesday. The Fifth District Survey of Manufacturing Activity’s composite index rose in July to 27 from 26 in June. The reading shows that manufacturing activity …

U.S. consumer confidence improved in July, reaching its best level in about 17 months, returning to its level before the coronavirus pandemic, data showed on Tuesday. The improvement comes despite concerns about the resurgence of the pandemic with the spread of the Delta variant. The consumer confidence index rose to …

The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) arrived at +1.7% in May following April’s increase of 1.8%. This reading fell short of the market expectation of 1.8%.