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American economy

News

Opinion: Trumpian Uncertainty

By Joseph E. Stiglitz, Recipient of the Nobel Memorial Prize in Economic Sciences in 2001 and Professor at Columbia University NEW YORK – Every

By Joseph E. Stiglitz, Recipient of the Nobel Memorial Prize in Economic Sciences in 2001 and Professor at Columbia University NEW YORK – Every

Business

US GDP estimate for Q3 revised up further, to 3.5 percent

The US economy is even more buoyant than initially thought, according to the latest official figures for the third quarter (Q3) of this year.

The US economy is even more buoyant than initially thought, according to the latest official figures for the third quarter (Q3) of this year.

Business

Federal Reserve meets, interest rate hike expected

The Federal Reserve's policy meeting is expected to end with a 0.25 percent interest rate rise, but all eyes are on Donald Trump to see how he reacts.

The Federal Reserve's policy meeting is expected to end with a 0.25 percent interest rate rise, but all eyes are on Donald Trump to see how he reacts.

Business

US Q3 GDP growth beats estimates

Better than expected GDP and Income data from US suggest Federal Reserve will raise interest rates in December.

Better than expected GDP and Income data from US suggest Federal Reserve will raise interest rates in December.

News

Trump chooses Obamacare critic as Health Secretary

Tom Price, an outspoken critic of Obamacare, has been confirmed as the next US Health and Human Services Secretary.

Tom Price, an outspoken critic of Obamacare, has been confirmed as the next US Health and Human Services Secretary.

Business

US retail sales boost interest rate hike probability

Strong US retail sales in October indicate sustained economic strength, which could prompt the Federal Reserve to raise interest rates next month.

Strong US retail sales in October indicate sustained economic strength, which could prompt the Federal Reserve to raise interest rates next month.

Business

Federal Reserve keeps borrowing costs unchanged

As expected, the Federal Reserve has kept interest rates unchanged and reinforced expectations for higher borrowing costs in December.

As expected, the Federal Reserve has kept interest rates unchanged and reinforced expectations for higher borrowing costs in December.

Business

Exports boost US economic growth

The US economy grew at its fastest pace in two years in the third quarter - up 2.9 percent - helped by a surge in exports.

The US economy grew at its fastest pace in two years in the third quarter - up 2.9 percent - helped by a surge in exports.

Business

AT&T says Time-Warner merger doesn't raise competition issues

AT&T thinks its proposed mega-merger with media and entertainment group Time Warner can be tweeked so would not be blocked by competition regulators.

AT&T thinks its proposed mega-merger with media and entertainment group Time Warner can be tweeked so would not be blocked by competition regulators.

Business

Clinton vs Trump - Round One

In Business Line we assess the debate in which the presidential candidates clashed over trade, taxes and how to remake the US economy.

In Business Line we assess the debate in which the presidential candidates clashed over trade, taxes and how to remake the US economy.

Business

Close race for the White House spooks financial markets

Wall Street was lower on Monday, ahead of the first debate between Clinton and Trump, with investors concerned about how close the race is.

Wall Street was lower on Monday, ahead of the first debate between Clinton and Trump, with investors concerned about how close the race is.

Business

Yellen defends Federal Reserve against Trump bias accusations

Janet Yellen, the head of the US central bank, has defended it against accusations from Republican presidential candidate Donald Trump saying: "The Federal Reserve is not politically compromised".

Janet Yellen, the head of the US central bank, has defended it against accusations from Republican presidential candidate Donald Trump saying: "The Federal Reserve is not politically compromised".

News

US federal government halts Dakota oil pipeline

The US federal government has temporarily halted a controversial oil pipeline in North Dakota, moments after a judge approved the project.

The US federal government has temporarily halted a controversial oil pipeline in North Dakota, moments after a judge approved the project.

Business

US job growth slows in August

US employment growth slowed more than expected in August to 151,000, probably ruling out an interest rate hike by the Federal Reserve this month.

US employment growth slowed more than expected in August to 151,000, probably ruling out an interest rate hike by the Federal Reserve this month.

Business

US second quarter growth sluggish, as consumer spending surges

New data show economic growth in the US was slightly more tepid than initially thought in the second quarter – offsetting a spurt in consumer spending.

New data show economic growth in the US was slightly more tepid than initially thought in the second quarter – offsetting a spurt in consumer spending.

Business

Strong June jobs numbers indicate US economy is strengthening

US employment rose by 255,000 in July, more than expected, and wages also picked up, bolstering expectations of an acceleration in economic growth.

US employment rose by 255,000 in July, more than expected, and wages also picked up, bolstering expectations of an acceleration in economic growth.

Business

US economy grows less than expected in Q2

The US economy grew far less than forecast in the second quarter even though there was a surge in consumer spending.

The US economy grew far less than forecast in the second quarter even though there was a surge in consumer spending.

Business

US jobs jump in June

US payrolls increased by 287,000 in June as manufacturers and retailers boosted hiring, confirming the economy has regained speed.

US payrolls increased by 287,000 in June as manufacturers and retailers boosted hiring, confirming the economy has regained speed.

News

Brexit breeds caution among banks and money makers

Money markets and investors world wide are waiting with bated breath for the UK’s decision next week on its future, in or out, of the European Union.

Money markets and investors world wide are waiting with bated breath for the UK’s decision next week on its future, in or out, of the European Union.