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United States
Economy
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
Logistics
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
Technology
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"
Markets
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
Real Estate
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
Technology
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
Logistics
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
Economy
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
Economy
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
Economy
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
Economy
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
Economy
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
Technology
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
Sustainability
U.S. renewable energy consumption rises 2 percent to record-high in 2023: EIA
Renewable energy consumption in the U.S. exceeded coal for the first time in about 140 years
Economy
U.S. trade deficit rises 0.8 percent to $75.1 billion in May on weaker exports
Trade impacted the U.S. GDP in the first quarter, restricting the economy to a 1.4 percent annual growth rate
Markets
Amazon’s market value exceeds $2 trillion as stock surges 3.9 percent on AI optimism
U.S. stock market recorded significant gains this year as enthusiasm around AI surged
Real Estate
U.S. single-family home sales at six-month low in May as supply hits over 16-year high
U.S. new home sales saw an 11.3 percent decline to 619,000 units last month, the lowest level since November 2023
Economy
U.S. producer prices decline 0.2 percent in May
Data reveals 4.8 percent decline in energy index and 0.1 percent decline in food prices
Logistics
U.S. trade deficit rises 8.7 percent to $74.6 billion in April
Exports saw a slight 0.8 percent increase to $263.7 billion with goods exports rising to $172.7 billion
Cars & Boats
Tesla CEO Elon Musk may leave if $56 billion package not approved, writes chairperson
Robyn Denholm recounts how Musk was instrumental in turning around Tesla’s fortunes
Economy
U.S. services sector expands in May on higher business activity, faster new orders growth: Report
Employment remains a challenge with the index contracting for the fifth time in six months
Economy
U.S. economic growth in Q1 revised down to 1.3 percent, but consumer spending stays strong
Q1 GDP growth was a sharp slowdown from Q4 2023's 3.4 percent pace
Banking & Finance
U.S. banks’ profits surge 79.5 percent to $64.2 billion in Q1 2024
Non-interest income of U.S. banks saw a 15.2 percent increase, up $10.3 billion
Economy
U.S. consumer confidence index climbs to 102.0 in May, but inflation concerns linger
Consumers' 12-month inflation expectations rose to 5.4 percent from 5.3 percent in April
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