Tag Archives: US Economy

The United States Speaker of the House, Nancy Pelosi, said that talks for a new stimulus deal are showing progress. A deal could be reached pretty soon, Pelosi said in an interview with MSNBC on Thursday. “We’re on a good path.”“We’re coming closer.” Pelosi said on Wednesday that there remains …

The Speaker of the United States House of Representatives, Nancy Pelosi, said on Wednesday that there remains a potential for reaching a deal on a new COVID-19 stimulus package, Reuters reported. However, Pelosi did not clarify if an agreement would be reached before or after the upcoming elections. The President …

The President of the United States, Donald Trump, said on Tuesday that he supports a new comprehensive COVID-19 stimulus package worth more than $2.2 trillion. This comes despite opposition by the Republican majority in the Senate. The White House originally proposed $1.8 trillion in relief funds, while the Democrats want …

Wholesale sales in the Canadian economy increased for the fourth consecutive month in August, more than analysts’ expectations. data released by Statistics Canada showed on Monday, that wholesale sales in Canada posted an increase of 3% last August compared to 4.3% in July. Analysts had expected that wholesale sales in …

The University of Michigan Consumer Sentiment Index rose to 81.2 in October, up from 80.4 in September, data showed on Friday. The Expectations Index reached 78.8, up from 75.6 last month.

Factory production in the United States declined in September, against market expectations. Manufacturing production decreased by 0.3% last month, according to data by the US Federal Reserve released on Friday. August’s reading was revised to indicate that factory production increased by 1.2% not just 1% as initially estimated.

Business inventories in the United States increased during August for the second consecutive month, data showed on Friday. Business inventories went up by 0.3% in August after rising by 0.1% in July. Meanwhile, retail inventories increased by 0.4%.

France’s Minister of Finance, Bruno Le Maire, said on Friday that he supports imposing European tariffs on imports from the United States, after the World Trade Organization (WTO) allowed the European Union the right to retaliate against the US subsidies for Boeing, Reuters reported. “The EU has the possibility to …

The President of the United States, Donald Trump, said on Thursday that he could support a new stimulus package worth more than the $1.8 trillion he offered last week, which was rejected by the Democrats. This comes after the US Treasury Secretary, Steven Mnuchin, said he does not expect a …

The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey declined to 10.5 in October from 17 in September. This reading missed analysts’ estimate of 15. “36% of respondents reported that conditions had improved over the month, while 25% reported that conditions had worsened.” “The new …