Slowing US economy indicates retail sales, manufacturing
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The U.S. Census Bureau's advance estimates showed retail sales increased by 0.3 percent in August, exceeding expectations of a zero...
- Sep 12, 2022
- 1 min
The wealth of American households drops by $6.1 trillion
The federal reserve released a report indicating that Americans' net worth dropped by $6.1 trillion in the second quarter of 2022 because...
- Sep 9, 2022
- 1 min
US airline public on Nasdaq
Air mobility company Aerowins Technologies, the parent company of a Japanese hoverbike company, will merge with a special-purpose...
- Sep 9, 2022
- 1 min
House GOP calls for an investigation into DHS money used to buy forced labor Chinese solar panels
In a letter submitted to the Department of Homeland Security (DHS), 18 Republicans are demanding the agency investigate possible federal...
- Sep 8, 2022
- 1 min
The Biden administration blocks nearly 60,000 acres of oil drilling leases
An agreement has been reached between President Joe Biden's administration and pro-environment groups to block oil and gas drilling on...
- Sep 3, 2022
- 1 min
Gas prices in Germany soar after Gazprom shuts down Nord Stream 1 indefinitely
A plan to resume gas flowing through the Nord Stream 1 pipeline was scrapped by the Russian state-owned energy corporation Gazprom, which...
- Sep 3, 2022
- 1 min
Despite slowing economy, the US adds 315,000 New jobs
There was a downward revision to July's revised 526,000 job additions, which led to the economy adding 315,000 new jobs in August. The...
- Aug 31, 2022
- 1 min
Maybe the inflation rate has not peaked, according to the White House
Inflation might not have reached its highest level yet, according to Bernstein, a member of the White House Council of Economic Advisers....
- Aug 31, 2022
- 1 min
Small businesses and the middle class face higher IRS audits
According to a new survey, many Americans expect the Internal Revenue Service (IRS) to target low- and middle-income households and small...
- Aug 30, 2022
- 1 min
Again, Toyota misses annual target for global vehicle production
A recall probe, severe weather, COVID outbreaks and a persistent chip shortage all contributed to Toyota Motor Corp.'s loss of production...
- Aug 29, 2022
- 1 min
If government spending sprees continue, inflation will increase:
A study presented at a conference in Jackson Hole, Wyoming, found that central banks, including the Federal Reserve, will not be able to...
- Aug 27, 2022
- 1 min
A technical recession hit the US economy, new GDP data show
A slightly slower pace of contraction was reported for the US gross domestic product for the second quarter than previously reported, but...
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