United States

U.S. trade deficit falls 11.9 percent to $73.8 billion in October

Imports fell 4 percent to $339.6 billion, marking the biggest decrease since November 2022

U.S. economic growth unrevised at 2.8 percent in Q3 2024

The current‑dollar GDP of the U.S. increased 4.7 percent at an annual rate to $29.35 trillion

U.S. hosts record 1.12 million international students, adding $50 billion to economy in 2023/2024

Despite competition from the U.K., Canada, and Australia, the U.S. remains the top choice for international students

Fed’s Powell says no need to hurry in lowering interest rates amid stronger U.S. economy

Economy's recent performance has been 'remarkably good, by far the best of any major economy in the world'.

Fed’s Powell signals cautious approach to future interest rate cuts

Powell said the results of Tuesday's presidential election would have no 'near-term' impact on U.S. monetary policy

U.S. weekly jobless claims rise marginally as job growth stalls in October

Unadjusted U.S. weekly jobless claims rose 5.4 percent to 212,274 in the week ending November 2

Federal Reserve on track for two 25-basis-point interest rate cuts this year

The Federal Reserve will begin its two-day policy meeting only a day after the U.S. presidential election on Tuesday

U.S. business activity grows in October, price pressures ease

This suggests that the economy is entering the fourth quarter on a strong note

U.S. existing home sales fall to 14-year low in September 2024

30-year fixed-rate mortgage averaged 6.44 percent as of October 17, up from 6.32 percent one week ago

U.S. transportation department allocates $196 million for natural gas pipes modernization

Law authorized around a $1 billion investment over five years to modernize natural gas distribution pipes across the U.S

NASA launches largest-ever spacecraft to Jupiter’s moon in lookout for habitable ocean world

Spacecraft spans 30.5 meters from end to end and weighs about 5,900 kilograms

Hurricane Milton to push global insured losses to over $100 billion, says Fitch

Milton’s insured losses will likely range from $30 billion-$50 billion, the largest insured loss since Hurricane Ian in 2022

U.S. job openings rise to 8 million in August, signaling labor market recovery

Layoffs declined in August to 1.6 million from 1.7 million in July

Policy will move over time toward a more neutral stance: Fed’s Powell

In the last 12 months, headline and core inflation in the U.S. were 2.2 percent and 2.7 percent, respectively

Tropical Storm Helen halts 24 percent of oil production in Gulf of Mexico

The U.S. Gulf of Mexico accounts for around 15 percent of total domestic oil production and 2 percent of natural gas production

U.S. home prices rise slightly in July 2024 amid slowing momentum, improving supply conditions

Mortgage rates drop to 4.75 percent to 5.00 percent range as housing affordability improves

U.S. fiscal profile expected to deteriorate under incoming administration, says Moody’s

The report stated that the new administration will face a worsening fiscal landscape as debt affordability declines

U.S. consumer confidence falls to 98.7 amid labor fears, largest drop since August 2021 

Despite sharp decline in index, more households expressed intentions to purchase homes in the next six months

Services drive robust U.S. economic expansion in September, price pressures upturn: PMI

Prices rose at the fastest rate in six months due to input cost growth accelerating to a one-year high

Elon Musk reveals plans for five uncrewed Mars missions

Musk has often revised Starship timelines, claiming uncrewed Mars landings in five years and human landings in seven 

U.S. White House launches $1 billion fund to boost EV growth, innovation

Fund to invest in innovative companies in battery component and subcomponent manufacturing and materials recycling

South Korea’s KASA, NASA collaborate on deep space exploration, lunar research, and space traffic management

The two entities pledged to identify innovative projects in space life sciences and deep space antennas

U.S. current account deficit soars to $266.8 billion, reaching two-year high due to import surge

This deficit reached 3.7 percent of GDP, the highest since Q2 2022, up from 3.4 percent in Q1

U.S. unemployment claims drop to four-month low in September, signaling economic strength amid rate cuts

Initial claims fell by 12,000 to 219,000 for the week ending September 14Â