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US economy
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…
US Treasury yields reach 16-year highs as bond market rout continues
US Treasury yields reached a 16-year peak on Monday as global bond markets resumed their rout after a brief respite at the end last week.
The benchmark 10-year Treasury rate rose by 0.13 percentage points, to 4.70 percent. This is the…
As budget talks stagnate, lawmakers warn of a US shutdown.
US lawmakers warned that a shutdown of the government is becoming more likely as hopes for a last-ditch compromise to end a budgetary standoff in the largest economy in the world wane.
Both Democrats and Republicans stated on Sunday that…
US inflation increases in August due to higher petrol prices
The Federal Reserve is struggling to control prices as rising energy costs have pushed US inflation to levels above expectations in August.
According to Bureau of Labor Statistics figures released on Wednesday, consumer prices increased…
US abandons effort to include anti-whaling clause in Indo-Pacific Pact
After fierce opposition from Tokyo, and concerns from US officials, the Biden administration dropped its efforts to press Japan to include anti-whaling provisions in its Indo-Pacific trade agreement.
The US Trade Representative had been…
Walmart sales increase as inflation drives consumers to bargains
Walmart says that easing US price pressures and a strong labor market are supporting American shoppers. However, it warns that rising fuel costs and high borrowing rates will continue to put pressure on household budgets.
The world's…
Esmark is the second US Steel bidder to make a $10 billion offer
Esmark, a privately-held industrial group, announced that it made an offer for US Steel of about $10bn, including debt. This is the second bid in just two days.
James Bouchard’s family-controlled company said Monday it has offered to…
The US economy grows at 2.4% in the second quarter
The US economy grew faster than expected during the second quarter 2023. This was despite the Federal Reserve's aggressive campaign to raise interest rates.
According to preliminary data released on Thursday by the Department of…