United States

Goldman Sachs lowers U.S. recession odds to 20 percent on better economic readings

The firm added that if the August jobs report was positive, the U.S. recession probability would decline to 15 percent

U.S. inflation slows to 2.9 percent, lowest in over 3 years

Fed rate cut likely as inflation continues to decline

Boeing reports 72 gross orders in July 2024, scoring sales win over Airbus

July's gross brought Boeing's order total so far this year to 228

Google brings powerful Gemini AI to Android, alongside new Pixel 9 phones

The smartphones come equipped with the Gemini AI features and are powered by Google's Tensor G4 processor

U.S. federal budget deficit rises 10 percent to $244 billion in July 2024

During the first 10 months of fiscal year 2024, the U.S. budget deficit declined 6 percent to $1.517 trillion

35 percent odds of a U.S. recession this year, says JP Morgan

Goldman Sachs raised its probability of the U.S. tipping into a recession by 10 percentage points to 25 percent for the next 12 months

Meta raises $10.5 billion in debt offering to supercharge AI investments, outpace competition

Analysts projected Meta's 2024 capex at $35-40 billion, but the company raised the minimum to $37 million

U.S. unemployment claims see biggest 11-month drop, easing recession fears with 233,000 filings

Government data last week showed the layoffs rate in June was the lowest in more than two years

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