Page 22 - Us Economy

Dow, S&P 500 gain at open as weekly unemployment claims decline

(Reuters) - The Dow and the S&P 500 opened higher on Thursday after data showing fewer weekly jobless claims pointed to an improving outlook for the U.S. economy.

United States unemployment claims fall to 406,000, a new pandemic low

This comes as the virus wanes and economy further reopens.

Gold returns to where it started 2021 on Fed's dovish commitment

Signs of inflation would "prove to be largely transitory," Fed Vice Chair Richard Clarida said in a Yahoo! Finance interview

Wall St opens higher as attention shifts to key US business surveys

Wall Street's main indexes opened higher on Friday, extending a recovery from the previous session, as attention shifted to business surveys at the end of a volatile week of trading.

Federal Reserve officials signal open to taper talk at 'upcoming meetings'

US Treasuries declined on heavy futures volumes after the minutes were published

United States jobless claims decline to 444,000, a new pandemic low

Twenty-two states, from Texas and Georgia to Ohio and Iowa, have acted to block the federal government's $300 weekly payment for the unemployed

Ahead of jobs miss, some Fed officials edged towards 'taper' debate

US stocks dropped further into negative territory after the release of the minutes, while the US 10-year Treasury yield rose to a session high of 1.678%.

Wall Street remains lower after Fed minutes show unmet economic goals

A couple of Fed policymakers raised concerns that inflation will rise to "unwelcome" levels before the case for policy action becomes sufficiently evident.

Oil hits $70 for first time since March 15 as Europe, US re-open economies

Europe, US reopening optimism offset by pandemic concerns in Asia; speculation of Iran nuclear deal revival limits upside

Wall Street rebounds on tech boost after fewer jobless claims data

CBOE volatility index eases from 2-month high; energy stocks fall as oil declines over 2%

Over 100 anti-Trump Republicans threaten to form another party

The statement is expected to take aim at former President Donald J. Trump's stranglehold on Republicans, which signatories to the document have deemed unconscionable

US job growth misses all estimates in April; unemployment rate at 6.1%

Employment at temporary-help agencies and transportation and warehousing declined sharply.

US weekly jobless claims fall more than forecast to fresh 13-month low

Continuing claims for ongoing state benefits rose slightly in the week ended April 24.

US companies add most number of jobs in seven months, ADP data shows

All but one industry saw payroll improvements

United States trade deficit hits record $74.4 billion in March

This comes as an improving US economy drove purchases of imported foreign goods.

Joe Biden sells economic plan in Georgia, calls for rich to pay more

Joe Biden took his pitch to Georgia for USD 4 trillion in spending to rebuild the nation's aged infrastructure and vastly expand the federal social safety net.

Amazon expects spring windfall as US economy reopens, posts record profits

Amazon said it expects operating income for the current quarter to be between $4.5 billion and $8 billion, which assumes about $1.5 billion of costs related to Covid-19

US economy accelerated at a robust 6.4% rate last quarter on stimulus

US economy grew at a brisk 6.4 per cent annual rate last quarter a show of strength fuelled by government aid and declining viral cases that could drive further gains

Jerome Powell waves inflation worries away as Fed holds rates near zero

Powell was dismissive of anecdotes of labor shortages, explaining it mostly as an allocation problem

Joe Biden's agenda

First 100 days have demonstrated the virtues of a steady hand