Browsing: US economy

WASHINGTON: More than seven years after President Donald Trump launched sweeping tariffs on Chinese goods, official data and widely cited economic studies show the measures raised costs inside the United States while leaving the core U.S. goods trade deficit with China largely intact.

MENA Newswire News Desk: – The U.S. economy added 254,000 jobs in September, significantly surpassing economists’ projections, according to data released by the Bureau of Labor Statistics (BLS). This unexpected surge in employment brought the unemployment rate down to 4.1%,

JPMorgan Chase announced a record-breaking first-quarter profit and revenue that surpassed expectations on Friday. The New York-based bank reported a profit of $12.6 billion or $4.10 per share, up 52% from $8.3 billion or $2.63 per share a year earlier.

Costco Wholesale Corp. witnessed a decline in its shares following the company’s slowest growth in US sales in nearly three years. The monthly sales gauge registered a second consecutive slowdown, raising concerns about the robustness of US consumers. In March,

Gold prices have surged past $2,000 an ounce, scaling one-year highs, as the US dollar and yields weakened. This follows weaker-than-expected US economic data, which reinforces bets for a slowdown in the pace of interest rate hikes despite growing concerns