Page 21 - Us Economy

Oil prices hits two-year highs on rising economic demand expectations

Brent futures rose 30 cents, or 0.4%, to settle at $72.52 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 33 cents, or 0.5%, to end at $70.29

Dollar stuck near 5-month low as caution reigns ahead of US CPI, ECB tests

Investors have adopted a wait-and-see attitude all week, sucking volatility from the market and leaving major currencies mostly range-bound

US employers post a record 9.3 million job openings in April

US employers posted a record 9.3 million job openings in April with the US economy reopening at break-neck speed.

US job growth picks up in May; unemployment rate declines to 5.8%

Economists polled by Reuters had forecast 650,000 jobs created in May.

US private sector adds 978,000 jobs in May, biggest gain in 11 months

Private companies in the US added 978,000 jobs in May, which marked the biggest gain in 11 months and indicated a continued labour market recovery amid the Covid-19 pandemic, according to a report

US firms face rising costs, labour shortages amid supply chain disruptions

US firms are facing rising costs and labour shortages amid supply chain disruptions, according to a Federal Reserve survey

Gold edges lower as dollar firms; focus on US economic data, Fed policy

On Tuesday, gold prices hit their highest level since January 8 at $1,916.40

Asia shares off three-month highs, caution ahead of US economic data

Asian shares were a touch below a recent three-month top with China a tad weaker as investors weighed inflation concerns ahead of key US economic data while oil prices rose to near 1-1/2 year highs

Wall Street treads water ahead of key economic data; AMC soars

(Reuters) - The S&P 500 was little changed on Wednesday ahead of key U.S. economic data due later in the week as investors weighed inflation concerns and a fresh surge in so-called "meme stocks."

US economy making welcome progress but still far from goals: Fed's Brainard

Some of the factors fueling current strong growth, including fiscal spending and the rush by households to take advantage of a broader economic reopening, are likely to fade over time, Brainard noted

Best of BS Opinion: Distant thunder in world economy, rocket rupee & more

Here are the best of Business Standard's opinion pieces for Monday

The rocket rupee

It does feel like we are close to the end of the rupee's rally, says Jamal Mecklai

Distant thunder in the world economy

We're in the happy period of global economy coming back to life, but we need to watch carefully the US inflation situation

Outright economic boom is missing from the Joe Biden revival budget

Economic growth is strong in 2021 and 2022 - but strong enough only to return the economy to its pre-pandemic trend line, not to surge above the trajectory it was on throughout the 2010s

Joe Biden's $6 trillion budget: Social spending, taxes on business

Biden has already described, in general terms, major plans on infrastructure and he won a major victory on Covid-19 relief earlier this year

World shares mostly higher on upbeat United States jobs, growth data

World shares rose Friday, powered by encouraging signs that the U.S. economic recovery from the pandemic is gaining momentum. U.S. futures also were higher. President Joe Biden's proposal for a USD6 trillion budget helped boost buying of shares likely to benefit from heavy government spending. Germany's DAX added 0.4per cent to 15,472.06 and the CAC 40 in Paris also added 0.4per cent, to 6,462.47. In London, the FTSE 100 picked up 0.4per cent to 7,045.51. The future for the S&P 500 was up 0.3per cent and the future for the Dow industrials rose 0.5per cent. Shares in Chinese online retail giant JD.com Inc.'s logistics arm rose 3.3per cent on their first trading day in Hong Kong after the company raised 24 billion Hong Kong dollars (USD3.1 billion) by selling a portion of the unit to outside investors. JD Logistics Inc. is the latest technology company to list in the semi-autonomous Chinese city as Beijing steps up scrutiny of the industry. Its IPO was the second largest for the ..

Initial unemployment claims in the US drop for a fourth straight week

The claims dropped to 406,000, a new low since the Covid-19 pandemic ravaged the labour market early last year, the US Labour Department reported

US economic growth in April-June remains unrevised at annualised 6.4%

The US economy grew at an annual rate of 6.4 per cent in the first quarter of 2021, the Commerce Department said in its second estimate.

United States first quarter GDP unchanged at robust 6.4% annual rate

The US economy grew at a robust annual rate of 6.4 per cent in the first three months of this year, unchanged from the government's initial estimate.

Biden to propose $6-trillion budget to boost middle class and infra

This would push federal spending to its highest sustained levels since WW-II