Page 7 - Us Economy

Trump vs Biden Rematch in 2024? Polls suggest America wants new face

Odds seem stacked against the Democrats in the upcoming Nov mid-term polls, with President Joe Biden, First Lady Jill Biden and Vice President Kamala Harris' ratings plummeting by the day

Rupee gains vs dollar as weak US GDP data softens Fed rate hike view

Dollar index falls as a contraction in US GDP eases Fed hike fears

World stocks eye best month since late 2020, traders bet on weak US economy

As inflation surges across major markets and central bankers fight to raise rates without killing off growth, riskier markets like stocks have tended to react positively to any softening in sentiment

US economy shrinks for a second quarter, fueling recession fears

Surging inflation, rising rates, and continued supply chain snags to blame

Wall Street gains on hopes of smaller rate hikes as economy shrinks again

US economy contracts again in second quarter; Meta Platforms revenue drops for first time; Qualcomm flags weak smartphone demand

Mastercard warns of inflation pinch after solid quarter for card issuers

Consumers across the globe have been showing signs of cracking in face of decades-high price pressures, with purchases at retailers including Walmart shifting away from big-ticket items to essentials

Dollar pares gains as US economic growth contracts for second quarter

The second straight quarterly decline in GDP meets the standard definition of a recession. It comes as the Fed aggressively hikes rates in an attempt to choke off soaring inflation.

US GDP shrank 0.9% in Q2, its second straight drop, raising recession odds

Consecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession

US economy seen narrowly averting back-to-back contractions in Q2

Economists expect GDP to grow at annualised 0.4% in April-June period; consumer spending likely decelerated 1.2% on an annual basis

Walton family loses $11.4 bn after Walmart slashes earnings outlook

The Walton family fortune fell $11.4 billion on Tuesday after Walmart Inc slashed its earnings outlook for the second time this year

And now sneaky shrinkflation is driving people crazy in the United States

Measuring inflation is hard. The goal is to capture changes in the overall price level - the numbers on every price tag - not swings in relative prices

Biden fights talk of recession as key US economic growth report looms

Top forecasts such as the Atlanta Federal Reserve's GDP now are predicting that the figure will be negative for the second straight quarter an informal signal that the country is stuck in a downturn.

Dow Jones rises at start of big earnings week, Microsoft drags Nasdaq

The S&P 500 was up 5.49 points, or 0.14%, at 3,967.12, while the Nasdaq Composite was down 26.93 points, or 0.23%, at 11,807.19

TMS Ep220: Windfall tax, urban flooding, recession-proof stocks, Uber files

Why has the govt slashed windfall tax on fuel exports? Why urban India gets flooded every monsoon? Which stocks are investment-worthy amid imminent recession? What are Uber files? All answers here

Janet Yellen touts 'friend-shoring' as fix for global supply chain

Yellen touted her "friend-shoring" concept as a way to reduce the vulnerabilities of a supply system badly strained over the past two years

US is exporting inflation, and Federal Reserve hikes will make it worse

With rates in the US rising much faster than in the eurozone and Japan, the dollar is soaring

Gasoline, food drive US inflation to four-decade high of 9.1% in June

This should keep the Federal Reserve on track for another big interest-rate hike later this month

US, allies aim to cap Russian oil prices to hinder Ukraine invasion

With thousands of sanctions already imposed on Russia to flatten its economy, the US and its allies are working on new measures to starve the Russian war machine

Global regulators back 'same risk, same regulation' for stablecoins

TerraUSD stablecoin collapsed earlier this year, while crypto lender Voyager Digital filed for bankruptcy this month

Gold struggles for traction as interest rate hike bets, dollar dim appeal

Spot gold was little changed at $1,734.59 per ounce by 0916 GMT after hitting $1,722.36 earlier in the session, its lowest since Sept. 30. US gold futures rose 0.1% to $1,733.60.