Tag Archives: US

There were 1,006,000 Initial Claims for unemployment benefits in the US during the week ending August 22nd, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 1,104,000 (revised from 1,106,000) and came in slightly worse than the market expectation …

The United States’ Real Gross Domestic Product (GDP) contracted at an annual rate of 31.7% in the second quarter, the US Bureau of Economic Analysis’ second estimate showed on Thursday. This reading came in better than the advance estimate of 32.9% and the market expectation of 32.5%.

White House economic adviser Larry Kudlow said Trump administration officials are convinced that China is implementing a “phase 1” trade agreement with the United States, following a high-level phone call to review progress. He added that US Trade Representative Robert Lighthizer is “satisfied” that China has so far implemented the …

Gold fell Thursday, August 27th, following a sharp increase in the previous session as investors adjusted their positions to focus on whether the US Federal Reserve chairman will hint at a change in monetary strategy. By 06:22 GMT, spot gold fell 0.8% to 1938.32 dollars an ounce, after rising 1.3% …

The United States has blacklisted 24 Chinese companies involved in construction and military activities in the South China Sea, Reuters reported. The sanctioned companies are playing a “role in helping the Chinese military construct and militarize the internationally condemned artificial islands in the South China Sea,” according to a statement …

New orders for US-made capital goods slowed in July, indicating that the recovery in investment activities could gradually become more gradual over the course of the COVID-19 pandemic even as the industry’s recovery appears to be gaining momentum. The US Commerce Department said non-defense capital goods orders except aircraft, which …

The Housing Price Index (HPI) in the US rose 0.9% in June, the Federal Housing Finance Agency’s (FHFA) monthly report showed on Wednesday. This reading followed May’s print of -0.2% (revised from -0.3% and came in higher than the market expectation of 0.1%. Meanwhile, the S&P/Case-Shiller’s 20-metro area Home Price …

US and Chinese trade negotiators made a phone call about implementing the first-phase agreement between the two countries, and the two countries announced at the end of the talks that they had agreed to work for the success of the trade agreement. It is noteworthy that the two countries reached …

The World Trade Organization (WTO) is supporting Canada in its complaint against the United States’ recent decision to impose tariffs on Canadian softwood lumber exports, Reuters reported. A WTO panel decided that the US breached international trade rules. On the other hand, the move aimed at countering unfair subsidies by …

The Chinese government has promised the United States to go through with the first phase of the trade deal between the world’s two largest economies, US Secretary of State Mike Pompeo said in a TV interview on Friday. “The Chinese have done some of the work they need to do …