US business spending surge more than expected in August; outlook uncertain 28-09-2020 On Friday, US Commerce Department said in a statement that the US capital goods' orders had surged more than anticipated in August, suggesting an uptick in business expenses
Oil woes on supply concerns, soaring US stockpiles 27-09-2020 On Friday, both US and UK crude oil futures' prices had been inched lower on growing worries of a likely supply glut over the coming weeks
US initial jobless claims rise as fiscal stimulus fades 27-09-2020 US Labour Department said in a statement later this week that the laid-off Americans filing for the state unemployment aids rose last week
Chicago soybean futures set for first weekly plunge in six months amid US harvests 26-09-2020 Soybean futures' prices scheduled to be expired on September and November have been set for the first weekly percentage decline since mid-March in the Chicago Board of Trade
Britain warns no-deal Brexit could see 7,000 trucks at border queues 25-09-2020 On Wednesday, the UK Government of PM Boris Johnson had warned a number of logistic firms to prepare for a no-deal Brexit
Fed’s Powell voices optimism on recovery, but urges for further federal aid 23-09-2020 Fed Chair Powell and US Treasury secretary Mnuchin had expressed a cautious optimism over hopes of a quicker-than-anticipated turnaround in US economy
Oil plunges 5% as global economy swoons in line with spike in pandemic cases 22-09-2020 On Monday, crude oil futures' prices had witnessed a sweeping plunge of as much as 5% as a strident rise in pandemic cases had triggered worries of a second wave of the outbreak
US Agricultural Dept. details up to $14 billion in new pandemic relief for farmers 20-09-2020 US Agriculture Department had announced an upsum of $14 billion in second round of pandemic relief bill late on Friday
California’s Playboy Enterprise explores deal to return to stock market 19-09-2020 Late on Friday, a press agency report had revealed that the fashion and lifestyle magazine playboy owner Playboy Enterprises had been exploring an option to make a re-entrance into the US stock market
Oil roars back as OPEC+ address market weakness 18-09-2020 US and UK crude oil futures jumped as much as 2 per cent on Thursday following upbeat remarks from the OPEC members and its allies
OECD report finds global economic outlook not as bad as expected 18-09-2020 Paris-based international trade body OECD said on Wednesday that the fiscal fallout of the pandemic outbreak might be lower than anticipated
US retail sales soar for fourth straight month as growth losses traction 17-09-2020 US Commerce Department said in a statement on Wednesday that the US retail sales rose by 0.6 per cent last month, though a slowdown in the pace of growth had taken a heavier toll on analysts' optimisms
Fed sees core interest rate near-zero at least until 2023 17-09-2020 Following a two-day meet of the US Fed policymakers, the Federal Reserve Chair Jerome Powell had vowed to keep the US Central Bank's core interest rate at a near-zero level at least until end-2020
US industrial production growth slows, up 0.4 per cent in August 17-09-2020 US Federal Reserve said in a statement on Tuesday that the US Industrial production grew by 0.4 per cent in August, remarking a notable decline in the pace of growth
Trump Administration drops tax on Canada aluminium, averts retaliatory tariffs 16-09-2020 On Tuesday, the Office of USTR (United States Trade Representative) said in a statement that the United States had cancelled a 10 per cent added levy on Canadian aluminum
China proclaims new rules to tighten control over financial holding companies 15-09-2020 On Sunday, Central Bank of China had introduced a number of legislation for the financial holding companies in a bid to solidify the country's vast financial sector
Sudan declares state of emergency as FX reserves run out, currency falls 14-09-2020 Later this week, the Sudanese transitional Government had declared a state of economic emergency days after a Central Bank statement that the nation had run out of FX reserves
US budget deficit tops $3 trillion with one month left in fiscal year 13-09-2020 US Treasury Dept. said in a statement on Friday that the US budget deficit had surpassed $3 trillion over the first eleven months of the fiscal year
American used car prices hit 51-year-highs as consumer prices rise 0.4% 13-09-2020 US Consumer Prices rise 0.4 per cent in August, mostly galvanized by a surprise upswing of used car prices to a 51-year-high amid a mass-scale supply shortage
Oil posts second straight weekly plunge as stockpiles soar, demand dwindles 12-09-2020 US and UK crude futures ended Friday's commodity market almost flatlined, though both futures had stomached a weekly slump of 6 per cent amid frets of a havoc-scale supply glut
US producer price index rise 0.3% in August as long-term low-inflation in sight 12-09-2020 US Labour Dept. said on Thursday that the US wholesale goods' prices rose by 0.3 per cent in August, a critical indicator to inflation before it reaches the end-consumers, that followed a gain of 0.6 per cent a month earlier
US weekly jobless claims remain unchanged amid fragile labour market recovery 12-09-2020 US weekly jobless claims were unchanged during the week that ended on September 5, suggesting an accelerating fragility in labour market recovery
Oil pummels 2 per cent after surprise US crude inventory build 11-09-2020 On Thursday, US and UK crude futures' prices had given up all of their previous session's gains following a US IEA report that revealed a surprise US crude inventory build last week
US job openings rise to 6.6 million in July, but more workers quitting: JOLTS 11-09-2020 July JOLTS data released on Wednesday by the US Labour Department had unveiled that the US job openings grew robustly in July
Oil rebounds off three-month lows as bloodletting halts; demand concerns curb gains 10-09-2020 On Wednesday, both US and UK crude futures' prices had bounced back from their three-month lows, though a rising concern over a lag in global demand had checked gains
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