U.S. Factory Orders Show Significant Rebound In May

5 days ago

New orders for U.S. manufactured goods showed a substantial rebound in the month of May, according to a report released by the Commerce Department on Thursday. The Commerce Department said factory orders spiked by 8.0 percent in May after plunging ...

U.S. Trade Deficit Widens More Than Expected Amid Steep Drop In Exports

5 days ago

With the value of exports falling by much more than the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of May. The Commerce Department said ...

U.S. Employment Spikes By 4.8 Million Jobs In June, Much More Than Expected

5 days ago

After reporting an unexpected jump in employment in the U.S. in the previous month, the Labor Department released a report on Thursday showing another record spike in employment in the month of June. The report said non-farm payroll employment skyrocketed ...

U.S. Jobless Claims Dip Much Less Than Expected To 1.427 Million

5 days ago

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by much less than expected in the week ended June 27th. The Labor Department said initial jobless claims dropped to 1.427 million, a ...

Eurozone Unemployment Rises Less Than Expected

5 days ago

Despite a deep recession, the euro area jobless rate rose only marginally in May as the short-time work programs of member countries to support jobs amid the downturn caused by the coronavirus pandemic suppressed actual unemployment. The unemployment rate climbed ...

Dollar Exhibits Weakness Against Other Major Currencies

5 days ago

The U.S. dollar drifted lower against some of the major currencies on Wednesday as risk sentiment in the market improved thanks to fairly encouraging economic data from the U.S., Europe and China. Read Full Story

Fed Minutes Detail Discussions On Forward Guidance, Yield Curve Control

6 days ago

With interest rates expected to remain at near-zero levels for the foreseeable future, the minutes of the Federal Reserve’s June meeting showed participants discussed new tools for conducting monetary policy. The minutes showed the meeting included briefings on the roles ...

IMF Sees Deeper Recession, Slower Recovery From Covid-19

6 days ago

The International Monetary Fund on Wednesday forecast a deeper recession for this year and a slower and uncertain recovery for next year after the coronavirus, or Covid-19, pandemic plunged the global economy into a crisis like no other. The global ...

U.S. Construction Spending Unexpectedly Tumbles 2.1% In May

6 days ago

Construction spending in the U.S. unexpectedly saw a continued decrease in the month of May, according to a report released by the Commerce Department on Wednesday. The Commerce Department said construction spending tumbled by 2.1 percent to an annual rate ...

U.S. Manufacturing Activity Unexpectedly Expands In June

6 days ago

After reporting contractions in U.S. manufacturing activity for three straights months, the Institute for Supply Management released a report on Wednesday showing activity unexpectedly expanded in the month of June. The ISM said its purchasing managers index jumped to 52.6 ...

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U.S. Factory Orders Show Significant Rebound In May

U.S. Trade Deficit Widens More Than Expected Amid Steep Drop In Exports

U.S. Employment Spikes By 4.8 Million Jobs In June, Much More Than Expected

U.S. Jobless Claims Dip Much Less Than Expected To 1.427 Million

Eurozone Unemployment Rises Less Than Expected

Dollar Exhibits Weakness Against Other Major Currencies

Fed Minutes Detail Discussions On Forward Guidance, Yield Curve Control

IMF Sees Deeper Recession, Slower Recovery From Covid-19

U.S. Construction Spending Unexpectedly Tumbles 2.1% In May

U.S. Manufacturing Activity Unexpectedly Expands In June