ECONOMY & MARKETS

The latest Survey of Consumer Expectations showed little difference from a month earlier, with the biggest anticipated price hike involving medical care.

Wall Street ended the week in a sour note Friday on the heels of a disappointing August jobs report and a continued sell-off of technology stocks.

Berkshire Hathaway has sold Bank of America stock in nine consecutive trading sessions, dating back to Aug. 26.

The acquisition will allow Verizon to expand its fiber network across the nation

227,000 people filed new claims last week.

The prospects of American-supplied missiles in Ukraine's war against Russia aren't the only things preparing for launch; U.S. military contractor Lockheed Martin Corp.'s stock price is also blasting off to new heights.

The fall was led by a "historic decline" in sales of in battery-powered electric vehicles (EVs), the VDIK car importers' federation said, which plunged by 68.8 percent to just over 27,000 units.

Stock markets were led lower largely by tech stocks, specifically the producers of microchips.

This week, all eyes are on upcoming US economic data and the Fed's next steps, which could influence global and Gulf markets in the coming days.

It pops up to 41,563.08 points fueled by favorable inflation news from the Commerce Department

Despite concerns about high-interest rates, recent data suggests that the economy remains strong. According to measures from the Conference Board and the University of Michigan, consumer confidence has been improving.

%he personal consumption expenditures (PCE) report due Friday could be key to the Fed's next move on interest rates, with hints that cuts could come as early as September if inflation and job data align.

Dr. Reddy's reported consolidated revenues of ₹7,673 crores (US$ 921 million) for Q1FY25, marking a 14% year-on-year increase and a 8% sequential growth.

Gen X savers saw big increases in savings according to Fidelity Investments

Harris's plan, which includes expanding the Child Tax Credit, and Earned Income Tax Credit, is expected to raise deficits by $2.1 trillion over the next decade.

The latest S&P Corelogic Case-Shiller Index showed a 5.4% annual increase, marking a "decelerating trend" from May, when the gain was 5.9%.

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Older consumers feel better about the economy than younger ones

Mary Daly said the "most likely" outlook involves continued gradual declines in inflation alongside steady and sustainable job growth.

The Dow Jones Industrial Average hit a record high Monday, while tech-sector losses weighed on the S&P 500 and Nasdaq Composite in another typically volatile day on Wall Street.

This marks the administration's first major trade policy move since Vice President Kamala Harris became the Democratic Party's presidential nominee.

Oil prices rose on Monday after Israel's Air Force struck targets in Lebanon before the Iran-backed group fired more than 320 rockets into Israel.

He delivered the news during an economic summit in Jackson Hole, Wyoming

Stock markets jumped on Friday as US Federal Reserve chief Jerome Powell made clear that the central bank was ready to cut interest rates, a message investors had been longing to hear.

Freight rail operations were set to resume across Canada following federal intervention to end a crippling disruption triggered by labor disputes at the country's two main operators.

Prices continue to rise as the median existing-home price was $422,600 in July.

The numbers released on Thursday were in line with estimates.

FOMC signaled that a rate cut could be on the table at the upcoming September 17-18 meeting, especially if economic data continues to align with expectations.

he preliminary review, released on Wednesday, revealed that there were 818,000 fewer jobs in March 2024 than originally estimated. This marks the largest downward revision to employment figures since 2009.