Today: September 16, 2024
Today: September 16, 2024

US Economy

Business|Economy|Finance

Union Pacific reports quarterly profit above estimates on higher pricing, volumes

U.S. railroad operator Union Pacific reported its second-quarter profit above Wall Street estimates on Thursday, as strong pricing and increased volumes more than offset reduced fuel

Union Pacific reports quarterly profit above estimates on higher pricing, volumes
News|Political

Biden sending aides to Detroit to address autoworkers strike, says 'record profits' should be shared

President Joe Biden says he’s dispatching two of his top aides to Detroit to help resolve the strike by unionized autoworkers

Biden sending aides to Detroit to address autoworkers strike, says 'record profits' should be shared
Environment|News|Political

White House preparing for government shutdown as House Republicans lack a viable endgame for funding

The White House has direct federal agencies to get ready for a shutdown after House Republicans left town for the weekend with no viable plan to keep the government funded

White House preparing for government shutdown as House Republicans lack a viable endgame for funding
Economy

Investors fear US data disruption from looming government shutdown

Delays of vital economic data releases could trigger financial market volatility if a U.S government shutdown goes ahead this weekend and drags on for weeks,

Investors fear US data disruption from looming government shutdown
Economy

US equity funds see biggest weekly outflow in three months

U.S. equity funds witnessed robust outflows in the seven days to Sept. 27 on worries about a potential extension of the Federal Reserve's restrictive monetary policy and a renewed surge in

US equity funds see biggest weekly outflow in three months
Business

US new auto sales likely rose in Q3, but UAW strikes may pose speed bump

U.S. new vehicle sales likely rose in the third quarter on improving supply and steady demand, but a strike by autoworkers has muddied the outlook for the "Detroit Three

US new auto sales likely rose in Q3, but UAW strikes may pose speed bump
Business

US job openings post largest increase in two years; quits rate unchanged

U.S. job openings unexpectedly increased in August amid a surge in demand for workers in the professional and business services sector, pointing to a still-

US job openings post largest increase in two years; quits rate unchanged
Economy

US employers announce fewer layoffs in September, report shows

U.S. employers dialed back their planned job cuts in September, especially in the warehousing sector, but workforce reduction intentions were higher on a year-to-

US employers announce fewer layoffs in September, report shows
Economy

Further Fed rate hike comes into view as job growth accelerates

Traders on Friday raised bets that the Federal Reserve will hike interest rates before the end of the year after a U.S. government report showed employers added far more jobs than expected

Further Fed rate hike comes into view as job growth accelerates
Economy

Yellen sticks to view U.S. economy headed for soft landing

U.S.

Yellen sticks to view U.S. economy headed for soft landing
Economy

Column-Fed QT mix may be capping, not spurring, long yields: McGeever

The recent surge in long-dated U.S. bond yields to their highest since 2007 has a few plausible triggers, but the Fed's quantitative tightening (QT)

Column-Fed QT mix may be capping, not spurring, long yields: McGeever
Economy

Yellen says believes US housing inflation will still fall over time

U.S.

Yellen says believes US housing inflation will still fall over time
Economy

Wall Street ends up on earnings optimism; eyes remain on Middle East

Major U.S. stock indexes ended sharply higher on Monday as investors were optimistic about the start of earnings season, while transportation and small-

Wall Street ends up on earnings optimism; eyes remain on Middle East
Economy

Nasdaq ends down on higher yields, chipmaker share declines

The Nasdaq ended lower while the Dow and S&P 500 were nearly flat on Tuesday as Treasury yields rose and shares of chipmakers fell after the Biden

Nasdaq ends down on higher yields, chipmaker share declines
Economy

US options traders on edge, eye bond market moves

U.S. equity options traders remain on edge, with much of their focus on U.S. Treasuries even as Middle East tensions persist.

US options traders on edge, eye bond market moves
Economy

US economy little changed in recent weeks -Fed survey

U.S. economic activity was little changed over the last month and a half, as labor market tightness continued to ease and prices continued to increase at a modest pace,

US economy little changed in recent weeks -Fed survey
Economy

U.S. budget deficit jumps 23% to nearly $1.7 trillion as Social Security, health costs rise

The U.S. government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior year as revenues fell and outlays for Social Security, Medicare

U.S. budget deficit jumps 23% to nearly $1.7 trillion as Social Security, health costs rise
Economy

Traders boost bets Fed will keep rates on hold this year

Traders on Thursday added to bets the Federal Reserve will keep policy on hold through this year and will begin interest rate cuts in mid-2024, despite a stronger-than-expected reading for

Traders boost bets Fed will keep rates on hold this year
Business

Yellen says US GDP is a 'good strong number'

U.S.

Yellen says US GDP is a 'good strong number'
Economy

Yellen: Possible long-term yields will come down, but 'no one knows for sure'

U.S.

Yellen: Possible long-term yields will come down, but 'no one knows for sure'
Economy

From Amazon to McDonald's, strong earnings show U.S. consumer resilience

In a strong quarter for earnings, the big consumer stocks have shone even brighter, thanks to results from McDonald's, Chipotle Mexican

From Amazon to McDonald's, strong earnings show U.S. consumer resilience
Economy

US Treasury to borrow $776 billion in Q4

The U.S.

US Treasury to borrow $776 billion in Q4
Economy

US Treasury yields fall on slower pace of auction increases for long-dated debt

The U.S.

US Treasury yields fall on slower pace of auction increases for long-dated debt
Economy

Productivity adds the anesthetic to Powell's pain-free disinflation

A recent surge in U.S. productivity has underscored Federal Reserve Chair Jerome Powell's emerging narrative for how inflation may continue to decline even

Productivity adds the anesthetic to Powell's pain-free disinflation
Business

Three job signals to console the Fed, and a yellow flag

The October jobs report likely was a relief to Federal Reserve officials who hope the U.S. economy can edge down softly from a period of high inflation and

Three job signals to console the Fed, and a yellow flag

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