Page 10 - Thomas Simons News Today

(Bloomberg) -- After staving off recession for longer than many thought possible, the US consumer is finally about to crack, according to Bloomberg’s latest Markets Live Pulse survey. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBoss of Failed Crypto Exchange Gets 11,000-Year SentenceBiden Doubts China Able t...

Consumer spending, a key driver of US economic growth, is expected to shrink by early 2024, putting the sharemarket under pressure, a survey shows.

* New claims for jobless benefits at lowest since February *... -Today at 01:37 pm- MarketScreener

Strong initial claims data is evidence that a recession in 2023 is looking less likely, many economists say.

In recent years, critics have lamented the “militarization” of American foreign policy, specifically the government’s tendency to favor military solutions

The unemployment rate in August hit its highest level since February 2022, data from the Bureau of Labor Statistics showed Friday. But a jump in the…

The Dow Jones Industrial Average and S&P 500 rose slightly on Thursday as Wall Street closed one of the most volatile years for the market recently.

The strong American consumer could help the US skirt a recession. It could also be what holds back inflation from falling down to the 2% target.

The number of Americans who applied for unemployment benefits last week fell by 11,000 to 239,000, underscoring the strength of the labor market.

WASHINGTON, D.C.: Inflation in the United States likely rose in July for the first time in 12 months, driven higher by more expensive gasoline and suggesting that the fight against rising prices may prove bumpier in the months ahead.