United States

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

U.S. housing inflation to fall as low as 2 percent by the end of 2024, San Francisco Fed says

Housing services contributed 2.2 percentage points to a core CPI reading of 3.2 percent on a 12-month basis

South Korea’s August exports reach $57.9 billion, up 11.4 percent YoY, driven by strong semiconductor demand

Imports rose by 6 percent year-on-year to $54 billion, resulting in a trade surplus of $3.83 billion

Fitch reaffirms U.S. credit rating at AA+, says fiscal profile unlikely to change much after elections

The agency expects most 2017 Trump tax cuts to continue, impacting revenue and increasing deficits 

U.S. economy grows 3 percent in Q2 2024, powered by robust consumer spending and business investment

This growth marks a strong rebound from a sluggish 1.4 percent increase in Q1 2024 

Samsung SDI, General Motors ink $3.5 billion agreement for U.S. EV battery plant

The new plant will produce high-performance nickel-rich prismatic batteries, which General Motors will deploy in its EVs

U.S. to award HP $50 million in funding for Oregon facility expansion, modernization

Development and expansion using U.S. funding would boost the lab-to-fab ecosystem that HP has established in Corvallis

What to expect from Apple’s highly anticipated fall event on September 9

How Apple aims to reignite global growth with its fall lineup

Fed’s Powell says ‘time has come for policy to adjust’, cementing September rate cut hopes

The upside risks to U.S. inflation have diminished while the downside risks to employment have increased

U.S. business activity hits 4-month low on manufacturing output decline, says S&P

As the business activity slowed in August, employment fell for the first time in three months

U.S. existing home sales break 4-month decline streak, rising 1.3 percent in July

Total housing inventory reached 1.33 million units by the end of July, up 0.8 percent from June

Federal Reserve’s July meeting: September rate cut is “likely” if data meets expectations

Central bank officials agreed to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent during the July meeting

U.S. crude oil production set for surge to 13.7 million barrels per day in 2025

New Permian wells delivering high output at 433,000 barrels per day