United States

Hyundai, Trump announce $21 billion investment in U.S. manufacturing by 2028

Hyundai Steel will construct a steel mill in the state of Louisiana, capable of producing 2.7 million tons of steel annually

U.S. Tesla sales dip as overall EV sales grow 10.5 percent in February

Tesla’s overall sales were down by 10.0 percent, driven by declines in the Cybertruck, Model 3 and Model Y

U.S. job cuts surge 245 percent in February, fueled by Musk and Trump’s workforce reductions

U.S. employers announced 172,017 layoffs in February, up 245 percent from January’s figures

China aims for 5 percent growth in 2025 amid challenges from Trump tariffs

The government plans to issue $179 billion in special treasury bonds this year to finance its stimulus effort

U.S. consumer prices rise 0.5 percent in January, annual rate grows 3 percent

In the 12 months through January, core U.S. consumer prices rose 3.3 percent after gaining 3.2 percent in December

U.S. adds 143,000 jobs in January as unemployment rate slips to 4 percent

November and December payrolls were revised up by 100,000 due to routine annual adjustments

U.S. trade deficit rises over 2-year high of $98.4 billion amid trade war concerns

The U.S. experienced significant trade deficits with several trade partners, including China, Mexico and Canada

U.S. stocks spike amid positive CPI report

The closely watched core measurement of the Consumer Price Index slowed for the first time in months

U.S. oil imports from Canada rise to record 4.42 million bpd ahead of tariff plans: EIA

Total U.S. imports of crude oil fell by 498,000 bpd to 6.43 million bpd last week, the lowest in a month

U.S. holiday retail sales grow 3.8 percent in 2024, says Mastercard

Online retail sales grew 6.7 percent year-over-year, whereas in-store sales increased 2.9 percent

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