Is Stagflation Here? US Nonfarm Payrolls Unexpectedly Plummet Sharply in August
US job growth was sent into a sharp decline in August, enormously missing even the most pessimistic of estimates, and
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United States
White House Wants OPEC to Boost Oil Production in Effort to Contain Fuel Prices
The White House has asked the Organization of the Petroleum Exporting Countries (OPEC) to boost crude oil output, in an
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America’s Unemployment Rate Falls to 5.4% as Labour Market Growth Exceed Forecasts
America’s labour market rebounded strongly in July, significantly surpassing expectations as hiring rose by the sharpest pace in almost a
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Biden Administration Takes Aim at Tax Loopholes Used by the Country’s Wealthiest 0.1%
Some of America’s wealthiest were in for a surprise last month, after a 114-page document published by the US Treasury
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Russia Dumps $5 Billion From Oil Fund, Embraces Euro, Yuan Instead
Russia has dumped a significant portion of the greenback from its oil fund last month, in favour of other currencies
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US Unemployment Rate Falls to 5.8% as States Lift Covid-19 Restrictions
America’s labour market picked up steam in May, as much of the country lifts restrictions and businesses make some headway
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US Job Openings Soar to Record 8.12 Million as Businesses Face Hiring Challenges
Job Openings across the US soared to a new record high in March, accentuating a sharp increase in labour demand
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Government Transfer Payments Sent US Personal Incomes Soaring to New Record
US Household incomes soared by the most on records dating back to 1946, as an unprecedented amount of government stimulus
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US Economy Rebounds 6.4% Amid Surge in Consumer Spending
The US economy gained even more momentum in the first quarter of 2021, as unprecedented stimulus initiatives and easing Covid-19
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US Home Prices Jump by Most Since 2006, Outpacing Fed’s Inflation Target
Home prices across the US rose by the most since 2006, as low mortgage rates and constrained supply continue to
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