United States

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

North America’s under-construction data center supply rises 70 percent In H1 2024 as demand continues to grow: Report

North America continued to see an increase in data center pricing during the first half of the year albeit at a slower rate than last year

U.S. oil and gas M&A activity surges 57 percent to $49.2 billion in 2023

Exploration and development spending last year saw a 28 percent increase to $93.1 billion

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