United States

U.S. stocks dip amid weak 10-year Treasury demand, Nasdaq down 1.05 percent

The S&P 500 technology index declined 1.36 percent, marking the previous session's largest decline

Microsoft and Delta clash over airline’s CrowdStrike-linked outage, blame game intensifies

Delta has hired prominent litigator David Boies to seek damages from both CrowdStrike and Microsoft

U.S. unemployment rate rises to 4.3 percent in July on slower job growth

Nonfarm payrolls increased by 114,000 jobs last month, significantly below the 215,000 jobs per month added in the last 12 months

U.S. weekly jobless claims rise to 11-month high spurring labor market concerns

Initial claims for state unemployment benefits increased by 14,000 to a seasonally adjusted 249,000 for the week ending July 27

Apple revenues rise 4.9 percent to $85.78 billion as AI optimism offset lagging China sales

Apple's China sales declined 6.5 percent to $14.73 billion, an even greater decline than the 2.4 percent drop analysts had predicted

CrowdStrike faces $25 billion wipeout, investor lawsuit over misleading software update claims

Investors who held shares from Nov 29 to Jul 29 are seeking compensation for losses

Easing inflation, weaker consumer spending signal two potential Fed rate cuts in 2024: Report

The report projected 2.1 percent U.S. economic growth in 2024, down from 2.5 percent in 2023

Nvidia shares surge 13 percent, biggest daily value gain in Wall Street history

The company's value has now reached $2.88 trillion, making it Wall Street's third most valuable company

U.S. fortifies strategic crude oil stockpile with new 4.65 million barrel purchase

This procurement is part of a series of contracts aimed at refilling the nation's emergency oil stockpile

Global transition to low-carbon economy needs $3 trillion each year until 2050: Yellen

In 2022, wealthier economies provided an all-time high of $116 billion for climate finance for developing countries

Will faster than expected Q2 U.S. economic growth set stage for potential Fed rate cut?

The solid growth is driven by resilient consumer spending and business investment

U.S. trade deficit declines 2.5 percent to $96.8 billion in June

Consumer goods imports rose 3.3 percent in June, reflecting solid domestic demand

What does Google’s decision to keep third-party cookies mean for the future of the internet?

The internet giant said it will "introduce a new Chrome experience for informed browsing choices"

U.S. election to drive gold’s safe-haven demand, impact broader macro variables: Report

Rising geopolitical threats and political uncertainty will likely impact financial markets around U.S. election

U.S. home sales dip as median price rises 4.1 percent to all-time high

U.S. home sales declined 5.4 percent last month to 3.89 million units

Tesla to have humanoid robots in low production for internal use next year: Musk

Musk previously said that Tesla aimed for the robots to be mass-produced and cost less than $20,000 each

U.S. import prices remain unchanged in June following 0.2 percent drop in May

U.S. export prices fell 0.5 percent in June after declining 0.7 percent in May

U.S. retail sales rise 2.3 percent in June, May data revised up 0.3 percent

Core U.S. retail sales rose 0.9 percent in June after a 0.4 percent unrevised gain in May

U.S. Fed could start cutting rates this year but should remain cautious: IMF

IMF urges the U.S. government to reduce its high fiscal deficit and put debt on a downward trajectory

U.S. inflation plunges to 3 percent, fueling bets on imminent Fed rate cuts

The BLS data also showed that consumer prices fell by 0.1 percent on a monthly basis

Fed will take interest rate decisions ‘when and as they need to be made’: Powell

Reducing policy restraint too late or too little could unduly weaken economic activity and employment, Powell stated

U.S. small business confidence at 6-month high in June despite inflation worries

22 percent of businesses planned to increase compensation in the next three months

Jeff Bezos plans $5 billion Amazon share sale after stock hits record high

In February, Bezos sold around $8.5 billion of his shares in Amazon after the stock surged by 80 percent in 2023