Dollar Reaches Seven-Week High Amid Changing US Rate
WEB11 hours ago · Tuesday, October 8, 2024 6:03 AM UTC. Dollar Strengthens Amid Fed Rate Uncertainty and Middle East Tensions. The US dollar surged to a seven-week high against major currencies, driven by evolving ...
Boeing Union Strike Continues as Contract Negotiations Stall
WEB12 hours ago · Tuesday, October 8, 2024 4:21 AM UTC. Contract negotiations between Boeing and its largest union, representing 33,000 U.S. West Coast factory workers, remain unresolved after a 25-day strike. The ...
latest Economy news, data and analysis - EconoTimes
WEB4 days ago · U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%. Nonfarm employment rose by 254,000 in September, exceeding the average expectation of 150,000 ...
China Confident in 2023 Economic Targets Amid Stimulus Measures
WEB13 hours ago · Tuesday, October 8, 2024 3:51 AM UTC. China Confident in Meeting 2023 Economic Goals with New Stimulus Measures. China’s top economic planner, Zheng Shanjie, has expressed confidence in ...
Federal Reserve Rate Cut Expected to Downshift, But Larger
WEB5 days ago · Thursday, October 3, 2024 4:15 AM UTC. During its remaining policy meetings this year, the Federal Reserve is expected to downshift to smaller interest rate cuts. However, a sharp downturn in the ...
Fed to Maintain Gradual Rate Cuts Amid Economic Strength, …
WEB6 days ago · Federal Reserve Chair Jerome Powell confirmed that the central bank will continue with gradual quarter-percentage-point rate cuts, following the recent economic improvements.
U.S. Invests $3 Billion to Boost Domestic EV Battery ... - EconoTimes
WEBSep 21, 2024 · The U.S. Department of Energy is allocating $3 billion to 25 projects across 14 states to enhance domestic electric vehicle battery production. This move aims to shift production away from China ...
China’s $25 Billion Chipmaking Investment in H1 2024
WEBSep 3, 2024 · China's relentless drive to bolster its chipmaking capabilities saw a record $25 billion spent on equipment in the first half of 2024, eclipsing the combined expenditures of the U.S., South Korea ...
Wall Street Braces for Volatility as Jobs Data Signals Slower U.S ...
WEBSaturday, September 7, 2024 3:13 PM UTC. Weaker-than-expected U.S. jobs data has reignited concerns about the economy’s strength, as Wall Street braces for increased volatility. The S&P 500 saw ...
Fed Faces Decision Between 25 or 50 Basis Point Rate Cut
WEBSep 13, 2024 · The Federal Reserve faces tough choices between a 25 or 50 basis point rate cut amid uncertainty. Credit: EconoTimes. Friday, September 13, 2024 4:34 PM UTC. The Federal Reserve is grappling with ...