US economy expands 0.5% in Q1, slowest in two years

US economy expands 0.5% in Q1, slowest in two years

The US economy grew at an annual rate of 0.5 percent in the first quarter of this year, pulled back by slowing consumption, the commerce department said on Thursday.

Oil prices rise on optimism over supply, Doha meeting

Oil prices rose on Friday, lifted by hopes that a punishing global excess of crude oil could be nearing a tipping point and firm economic indicators from the United States and Germany that cast a positive light on growth in fuel demand.

US stocks flat ahead of Janet Yellen, jobs data; Nikkei gains

Wall Street stocks finished little changed Monday at the start of a heavy week of US economic news, while Japanese stocks benefited from a fall in the yen.

US stocks extend gains after Fed statement

US stocks ticked up as investors assessed the US Federal Reserve's policy announcement as well as oil recovery.

US Federal Reserve keeps interest rates unchanged

The US Federal Reserve kept its benchmark short-term interest rates unchanged as widely expected, noting that "global economic and financial developments continue to pose risks" to the US economy.

US Fed holds rates steady as economy grows despite global risks

US Fed holds rates steady as economy grows despite global risks

The Federal Reserve held interest rates steady on Wednesday, but indicated that moderate US economic growth and "strong job gains" would allow it to resume tightening monetary policy this year.

Half of American kids live near poverty line: Report

Half of American kids live near poverty line: Report

The report by researchers from the National Centre for Children in Poverty (NCCP) at Columbia University illustrates the severity of economic instability and poverty conditions faced by more than 31 million children throughout the US.

US economy grew surprise 1% in 4th quarter

US economy grew surprise 1% in 4th quarter

The US economy grew stronger than expected in the fourth quarter of 2015, but still was sluggish heading into the new year, government data showed Friday.

Janet Yellen says no negative interest rates in store for US

Janet Yellen says no negative interest rates in store for US

Janet Yellen said Thursday that the Federal Reserve had no plans to move toward negative interest rates, following the Swedish central bank`s rate cut deep into negative territory.

Janet Yellen warns of domestic, global risks to US economy

Janet Yellen warns of domestic, global risks to US economy

Expressing concerns that were not nearly as pronounced the last time she spoke publicly in December, Yellen said in prepared testimony to Congress that the outlook for the US economy had become more cloudy.

In final budget, Barack Obama proposes tax hike for wealthy Americans

In final budget, Barack Obama proposes tax hike for wealthy Americans

In his budgetary proposals running into 170 pages, Obama said the Department of Defence continues to develop its India ties through Defence Technology and Trade Initiative, Joint Working Group on Aircraft Carrier Technology Cooperation, and Jet Engine Technology Joint Working Group.

US dollar to be blamed for economic slowdown: Forbes

US dollar to be blamed for economic slowdown: Forbes

While it is easy to blame the slowing of the US economy on foreigners, a recent article published by The Forbes has said that rise of the US dollar is the root cause.

Fed hints at economic worries as it keeps rate unchanged

Fed hints at economic worries as it keeps rate unchanged

In the first monetary policy meeting after its historic rate increase in December, the US central bank showed slightly less confidence than a month ago about the trajectory of inflation and growth even as it noted strengthening in the jobs and housing sectors.

 

US blizzard to cause multi-billion dollar losses: Report

US blizzard to cause multi-billion dollar losses: Report

Massive blizzards that paralysed much of the US East Coast in the past few days are likely to cause "multi-billion" dollar economic losses in one of the worst storms in the region in over a century, reinsurance broker Aon Benfield said on Monday.

The talk of US economic decline is political hot air: Barack Obama

The talk of US economic decline is political hot air: Barack Obama

Describing America as the strongest and most durable economy, President Barack Obama Wednesday rejected as "political hot air" the assessment by many that the world's largest economy is on decline.

'United States of America most powerful nation on Earth. Period': Barack Obama

'United States of America most powerful nation on Earth. Period': Barack Obama

The address came amid nervousness in America about terror and the changing economy.

US manufacturing activity contracts in December 2015

US manufacturing activity contracts in December 2015

Economic activity of the US manufacturing sector in December contracted further, as the impact of a strong dollar continue to play out.

US third quarter growth estimate cut to 2%

The US economy grew at an annual rate of 2 percent in the third quarter, according to Commerce Department data Tuesday, slightly below a previous estimate of 2.1 percent.

Wall Street rallies on gradual Fed tightening, improving economy

Markets judged the Fed`s statement to be dovish, supportive of risk assets including equities. 

Fed today meeting: Five key facts you must know

Fed today meeting: Five key facts you must know

With the world`s biggest economy now growing steadily -- if not robustly -- the Fed is expected to conclude at the end of a two-day policy meeting on Wednesday that it is time to get away from the ultra-low interest rates that have underpinned the recovery from the 2008-2009 Great Recession.