United States

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 14 

Microsoft to launch $30 billion investment fund for AI infrastructure with BlackRock

Funding to mobilize up to $100 billion in total investment potential when including debt financing

World Bank commits over $2 billion to support Bangladesh’s reforms

The Bank will reallocate $1 billion, totaling $3 billion in loans and grants for the fiscal year ending June 2025

U.S. retail sales rise 2.1 percent in August, signaling resilience ahead of Fed’s rate cut verdict

Online store sales rebounded 1.4 percent after falling 0.4 percent in July

Intel awarded up to $3 billion in direct funding for U.S. government semiconductor manufacturing

In 2023, the company successfully delivered the first multi-chip package prototypes under the SHIP program

U.S. consumer sentiment surges to four-month high in September as price pressures ease

Index of consumer sentiment rose 1.1 points to 69.0 in September, from 67.9 in August

U.S. household wealth rises to record $163.8 trillion in Q2 2024

Household debt rose 3.2 percent annually, the fastest pace since the third quarter of 2022

U.S. aims for $250 billion in revenue with new corporate tax rules

This tax applies to companies with average adjusted income of $1 billion or more 

IMF supports U.S. Fed’s anticipated easing cycle as inflation risks diminish

IMF projects core U.S. PCE inflation to end 2024 at 2.5 percent, returning to the Fed's 2 percent target by mid-2025 

U.S. weekly jobless claims rise marginally, signaling labor market stability

Initial claims for state unemployment benefits rose 2,000 to a seasonally adjusted 230,000 for the week ending on September 7

U.S. market reactions to CPI results signal strong Fed rate cut expectations amid mixed economic signals

CPI showed annual inflation fell by 0.4 points to a lower-than-expected 2.5 percent

U.S. job openings hit 3.5-year low, 25-basis-point September rate cut remains more likely

Traders are currently closely watching the labor market following four straight monthly increases in unemployment, which sparked fears of a recession

Nokia, AT&T partner to accelerate future-ready fiber broadband growth

Nokia’s Lightspan platform will give AT&T the choice and flexibility to optimize its network to its specific business case and needs