Tag Archives: US Economy

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 …

The United States government has informed a number of tech suppliers, including Intel, that their licenses to export to Huawei are being revoked, Reuters reported. This is likely to be the final measurement the Trump administration takes against the Chinese telecom giant. The U.S. Department of Commerce cited national security …

Consumer sentiment in the United States slightly declined during the first half of January after the attack of the U.S. Capitol sparked political uncertainty and as the number of new Coronavirus cases continues to surge with a slow rollout of vaccines. The University of Michigan’s consumer sentiment index fell to …

Industrial production in the United States grew during December for the eighth consecutive months, data showed on Friday. Factory output increased by 0.9% last month compared with a 0.8% rise in November, according to data by the U.S. Federal Reserve. Total industrial production surged by 1.6% in December, recording its …

Retail Sales in the US fell by 0.7% in December to $540.9 billion, the data published by the US Census Bureau showed on Friday. This reading followed November’s decline of 1.4% and came in worse than the market expectation of no-change.

The United States economy continues to be affected by the Coronavirus pandemic, as evident by the decline in applications to start new businesses by 28.5% during the fourth quarter (Q4) of 2020, Reuters reported. Data by the U.S. Department of Commerce said on Thursday that applications to start new businesses …

Consumer sentiment in the United States fell last week its lowest level in six months, data showed on Thursday. The Bloomberg Consumer Comfort Index declined by 1.2 points to 43.2 points. This the eighth consecutive decline in the index, which is now 6.6 points below its level in mid-November in …

The United States public budget deficit registered $144 billion during December of 2020, according to data by the U.S. Department of the Treasury released on Wednesday. The budget deficit compared with about $13 billion for the same period of 2019. It is worth noting that the surge in the deficit …

Consumer prices in the United States rose in December on the back of a surge in gasoline prices, data showed on Wednesday. The official reading of the consumer price index (CPI) showed an increase of 0.4% in December, following a 0.2% rise in November, according to data by the U.S. …