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US economy
US Retailers Extend Black Friday Sales Period as Consumer Spending Shows Signs of Weakening|
Major American retailers are transforming the traditional single-day Black Friday shopping event into a weeks-long sales extravaganza as they grapple with signs of diminishing consumer spending power. The strategic shift comes as retail…
US Economy Surges to 31 Month Peak After Trump Victory
The American economy has achieved its highest output level in 31 months following Donald Trump's election victory, driven by his promises of tax reductions, tariffs, and deregulation. The composite purchasing managers' index (PMI) for the…
Elon Musk Set To Reap Massive Benefits From Trumps Return To Power
The world's wealthiest individual, Elon Musk, stands poised to capitalise significantly on Donald Trump's presidential victory. The Tesla CEO's substantial political investment of over $100 million in Trump's campaign appears to be yielding…
Trump Victory Sends Global Markets Into Strategic Repositioning Mode
Financial markets responded decisively to Donald Trump's comfortable victory in the US presidential election, with swift movements across asset classes signalling investors' expectations of significant policy shifts ahead.
The immediate…
Scott Bessent, said that Trump would not weaken dollars.
Top economic adviser of Donald Trump dismissed fears that the former President would weaken or cut trade, if reelected. He insists he wants to keep the US as the world's currency reserve and uses tariffs to negotiate.
Scott Bessent is a…
The US dock workers’ strike affects global supply chains
The global supply chain is disrupted after dock workers on strike in ports along the east coast and Gulf Coast of America. The industrial action in 36 ports that handle half of America's shipping by ocean has caused delays for container…
Travel and leisure companies are affected by the slowdown in US consumer spending
As concerns about the economy grow, US consumers are cutting back on their travel and leisure spending, affecting businesses such as Disney theme parks and Hilton Hotels.
The warnings in this week's earnings reports of several companies…
Elliott Management pushes SoftBank for $15 billion buyback
Elliott Management, an activist American investor, has repurchased a significant stake in SoftBank, and now wants the Japanese technology fund, SoftBank, to deliver returns for shareholders worth billions of dollars.
The US hedge fund…
China’s gold buying spree may be the final straw for the dollar
Some commentators spent decades predicting that the US dollar would soon lose its special status as world's reserve currency.
They will eventually be proved right and this day could be very near. China may hold the key, as usual.
The…
Biden’s antitrust crackdown catches the largest US supermarket deal
The Federal Trade Commission filed a lawsuit to stop Kroger from acquiring Albertsons. This would be the largest supermarket merger ever in US history, and is the latest example of Washington's anti-competitive crackdown.
The FTC on…
The rise in US core inflation highlights persistent price pressures
US core inflation increased last month. This supports the argument of the US Federal Reserve, that interest rates could need to be held for several months.
The US core price index rose by 0.3 percent in November. However, the core rate…
Dollar at 3-month low after Fed official signals rate fall
Investors are increasingly confident that US Federal Reserve will begin cutting interest rates in mid-2024. The dollar has hit a low of three months on Tuesday.
US currency fell 0.5 percent against a basket containing six currencies to…