Tag Archives: US Economy

The volume of mortgages in the United States could exceed $3 trillion in 2021, according to a recent report by the Financial Times. Strong competition and the historically low rates are helping provide attractive options for mortgage seekers. This level has only been surpassed twice, in 2003 and in 2020. …

For the first time in eight months, the United States economy saw a decline in jobs during December, amid a new wave of the Coronavirus pandemic. Data by the U.S. Department of Labor showed on Friday that Nonfarm Payrolls (NFP) declined by 140,000 in December, according to the U.S. Bureau …

Goldman Sachs expects new government stimulus spending in the United States at around $750 billion during the first quarter (Q1) of 2021, after Democrats gained a majority in the U.S. Senate after winning the Georgia elections. This means that the Democratic Party will be in control of both the White …

The activity of the services sector in the United States expanded in December, data showed on Thursday. The non-manufacturing activity index registered 57.2 in December, up from a reading of 55.9 in November, according to the Institute for Supply Management (ISM). The index came very close to its level prior …

Twitter and Facebook have temporarily suspended the accounts of US President Donald Trump, as tech giants scrambled to counter his unfounded claims about the presidential election, amid riots in Washington D.C. Twitter withheld Trump’s three tweets and requested that they be deleted “as a result of the continuing and unprecedented …

Congress has resumed the electoral counting process to confirm President-elect Joe Biden’s victory, hours after crowds of President Donald Trump’s supporters stormed the Capitol. US House Speaker Nancy Pelosi said that House members will quickly resume counting the votes to confirm the outcome of the presidential elections after securing the …

New factory orders in the United States rose strongly during November, data by the U.S. Department of Commerce showed on Wednesday. Factory orders increased by 1% in November, after rising by 1.3% in October, exceeding market expectations. On an annual basis, orders declined by 7.3%. In addition, orders for non-defense …

General Motors (GM), which is listed on the New York Stock Exchange (NYSE) on Tuesday reported a 4.8% rise in sales across the United States during the fourth quarter (Q4) of 2020, Reuters reported. The rise in sales is supported by increased demand for new motor vehicles during the Coronavirus …

Manufacturing activity in the United States expanded at its highest pace in more than six years during December, as shown by the IHS Markit’s manufacturing purchasing managers index (PMI) on Monday. The manufacturing sector’s PMI rose to 57.1 in December from 56.7 in November. Moreover, the index flash reading for …

Construction spending in the United States grew to record high in November, data showed on Monday, according to the U.S. Department of Commerce. The American housing market is showing strength signs, booming in the midst of historically low mortgage rates. The housing industry is seen as a strong support to …