Tag Archives: US Economy

The Governor of Rhode Island, Gina Raimondo, who has been nominated by President of the United States Joe Biden to lead the U.S. Department of Commerce, has vowed to be tough against unfair trade practices from China. Speaking in testimony in front of the U.S. Senate Commerce Committee, Raimondo said …

The Richmond Fed Manufacturing Index declined from 19 in December to 14 in January, data by the Federal Reserve Bank of Richmond showed on Tuesday. Despite the decline, the index remained in the expansion territory. Manufacturers reported lengthening vendor lead times, as this index rose to 39, its highest reading …

Consumer confidence in the United States increased during in January, despite worries about the Coronavirus pandemic, data showed on Tuesday. The consumer confidence index by the Conference Board rose to a reading of 89.3 in January from 87.1 in December.

The manufacturing activity in the State of Texas continued to expand during January for the eighth consecutive month, data released by the Federal Reserve Bank of Dallas on Monday showed. The Dallas Fed Manufacturing Business Index recorded 4.6 in January, falling sharply from its level in December at 26.8, which …

Business activity in the United States expanded during January, data showed on Friday. The IHS Markit flash U.S. composite purchasing managers’ index (PMI) reached its highest level in two months at 58 this month, up from 55.3 in December. The Flash U.S. Services Business Activity Index also went up to …

Existing home sales in the United States rose last month, data by the National Association of Realtors showed on Friday. Home sales grew by 0.7% to a seasonally adjusted annual rate of 6.76 million units during December, against market expectations of a decline. Home resales rose by 22.2% on an …

The President of the United States, Joe Biden, recently laid out a new government stimulus plan worth $1.9 trillion to help the economy face the impact of the Coronavirus pandemic, under the title “The American Rescue Plan.” The plan will grant a monthly payment of $2,000 per household by adding …

Homebuilders’ confidence in the United States for the single-family home market declined during January, data showed on Wednesday. The NAHB/Wells Fargo Housing Market index decreased to 83 in January from a previous reading of 86, against market expectations that saw the index remaining unchanged. The index for sales expectations during …

Former Chair of the United States Federal Reserve and President-elect Joe Biden’s nominee for Secretary of the Treasury, Janet Yellen, said on Tuesday that the benefits of the new rescue package, which will increase government stimulus spending by $1.9 trillion, are bigger than its costs. Speaking to the U.S. Senate …

Goldman Sachs Group announced a 153% increase in fourth-quarter profit today, Tuesday, driven by the strong performance of its core bond trading and underwriting activities, and an increase in mergers and acquisitions activities. The bank’s net profit attributable to ordinary shareholders rose to $ 4.36 billion in the quarter ended …