United States

U.S. economic growth in Q1 revised down to 1.3 percent, but consumer spending stays strong

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

U.S. banks’ profits surge 79.5 percent to $64.2 billion in Q1 2024

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

U.S. consumer confidence index climbs to 102.0 in May, but inflation concerns linger

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

Microsoft bets on AI-driven ‘Copilot+’ PCs to drive strong profit growth

Microsoft bets on AI-driven ‘Copilot+’ PCs to drive strong profit growth

Priced starting at $1,000, the Copilot+ PCs will begin shipping on June 18

Saudi Arabia’s Aramco inks three agreements with U.S. companies for lower-carbon energy solutions

Saudi Arabia’s Aramco inks three agreements with U.S. companies for lower-carbon energy solutions

Agreements align with Aramco's ambition to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions

U.S. manufacturing output falls 0.3 percent in April: Federal Reserve

U.S. manufacturing output falls 0.3 percent in April: Federal Reserve

Motor vehicle and parts output saw a 2 percent decline last month after increasing 2.8 percent in March

Number of people planning to buy EVs in U.S. declines to 24 percent: Study

Number of people planning to buy EVs in U.S. declines to 24 percent: Study

24 percent of Gen Z and 32 percent of Gen Y shoppers say they are 'very likely' to consider an EV

Brazil hikes 2024 GDP projection to 2.5 percent, sees inflation reaching 3.2 percent in 2025

Brazil hikes 2024 GDP projection to 2.5 percent, sees inflation reaching 3.2 percent in 2025

The projected inflation rate for 2024 has been revised upwards to 3.70 percent

2.5 million barrel drop in U.S. crude, 235,000 barrel gasoline drawdown as refining, demand rise: EIA

2.5 million barrel drop in U.S. crude, 235,000 barrel gasoline drawdown as refining, demand rise: EIA

Gasoline product supplied last week was 8.9 million bpd, up slightly from the previous week

U.S. small business sentiment recovers in April after hitting 12-year low in March

U.S. small business sentiment recovers in April after hitting 12-year low in March

Inflation remains the most important concern when operating a small business in the U.S.

Qatar, U.S. trade exchange rises to $6.47 billion in 2023

Qatar, U.S. trade exchange rises to $6.47 billion in 2023

Qatar, U.S. seek to enhance cooperation in the commercial, investment and industrial sectors

OpenAI takes ChatGPT to new heights with GPT-4o

OpenAI takes ChatGPT to new heights with GPT-4o

The company's latest model revolutionizes ChatGPT, offering unprecedented capabilities

UN body adopts human rights protections for carbon market mechanism

UN body adopts human rights protections for carbon market mechanism

The move seeks to empower vulnerable communities and individuals

Microsoft to commit $2.2 billion investment for cloud, AI services in Malaysia

Microsoft to commit $2.2 billion investment for cloud, AI services in Malaysia

The move will strengthen Malaysia's global AI development support

U.S. labor market remains tight, productivity marginally grows 0.3 percent in Q1

U.S. labor market remains tight, productivity marginally grows 0.3 percent in Q1

28 percent monthly decline in layoffs bodes well for U.S. labor market

U.S. inflation rises to 2.7 percent in March, Fed likely to hold rates next week

U.S. inflation rises to 2.7 percent in March, Fed likely to hold rates next week

The central bank has kept interest rates at 5.25 to 5.50 percent since July 2023

Google-parent Alphabet announces first-ever dividend of 20 cents per share, $70 billion stock buyback

Google-parent Alphabet announces first-ever dividend of 20 cents per share, $70 billion stock buyback

Company's revenue reached $80.54 billion, exceeding estimates of $78.59 billion

Microsoft revenues rise 17 percent to $61.9 billion on increased AI investment

Microsoft revenues rise 17 percent to $61.9 billion on increased AI investment

4 percent rise in shares increases company's stock market value by $128 billion

U.S. economy grows 1.6 percent in Q1, slowest in nearly two years

U.S. economy grows 1.6 percent in Q1, slowest in nearly two years

Decline in government spending contributes to moderation in U.S. economic activity

Nasdaq revenues surge 22 percent to $1.12 billion on strong demand for fintech products

Nasdaq revenues surge 22 percent to $1.12 billion on strong demand for fintech products

Revenues from fintech unit surged 71 percent to $392 million

U.S. economy likely to grow 2.4 percent in Q1 as delayed rate cuts signal inflation surge

U.S. economy likely to grow 2.4 percent in Q1 as delayed rate cuts signal inflation surge

U.S. labor market supports growth with job gains averaging 276,000 per month in Q1 of 2024

U.S. refiners’ profits set to fall in Q1 of 2024, margins remain strong

U.S. refiners’ profits set to fall in Q1 of 2024, margins remain strong

Earnings to increase in the next two quarters as demand picks up during the summer driving season

Boeing reports first revenue decline in 7 quarters as production drops

Boeing reports first revenue decline in 7 quarters as production drops

Company reported $16.57 billion in quarterly revenue, down from $17.92 billion in Q1 of 2023

Visa’s results reflect resilient U.S. consumer spending, net revenue touches $8.8 billion

Visa’s results reflect resilient U.S. consumer spending, net revenue touches $8.8 billion

Visa revealed that payment volumes saw an 8 percent increase during the second quarter