56+ min ago  (124+ words) The U. S. trade deficit in goods contracted in April as a surge in exports more than offset rising imports, a trend that if sustained could see trade contributing to economic growth in the second quarter. The goods trade gap narrowed 3. 4 percent…...

1+ day, 52+ min ago  (311+ words) The number of Americans filing claims for unemployment benefits increased marginally last week amid relatively low layoffs, despite the ongoing war with Iran. Initial claims for state unemployment benefits rose 5, 000 to a seasonally adjusted 215, 000 for the week ended May 23, the…...

1+ day, 15+ min ago  (536+ words) Wall Street's main indexes retreated from record highs on Thursday as escalating tensions between the U. S. and Iran dampened hopes of an imminent peace deal, while investors digested key inflation data. Tehran targeted a U. S. airbase on Thursday after Washington launched fresh…...

1+ day, 2+ hour ago  (490+ words) US inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with Iran, and cementing economists' views that the Federal Reserve could hold interest rates unchanged well into next year. The…...

1+ day, 48+ min ago  (316+ words) U. S. economic growth was not as strong as initially thought in the first quarter, and momentum is set to slow further this quarter, with the war with Iran stoking inflation and squeezing household finances. Gross domestic product increased at a 1. 6 percent…...

1+ day, 4+ hour ago  (202+ words) Hong Kong's export performance is likely to maintain solid growth momentum for the rest of the year, supported by the ongoing AI-driven technology upcycle, said the Hong Kong Trade Development Council. The city's outbound shipment grew by 42. 9 percent in April,…...

1+ day, 12+ hour ago  (274+ words) The Standard (HK) Gold eases as US-Iran tensions cloud interest rate outlook Gold fell on Thursday as fresh U. S. attacks on Iran pushed oil prices higher, stoking concerns about rising inflation and clouding the interest rate outlook. - Spot gold was down…...

2+ day, 18+ hour ago  (467+ words) The Standard (HK) New Fed chair caught in interest rate dilemma with eye fixed on Iran peace talks Kevin Warsh was officially sworn in as the 17th chair of the Federal Reserve in a ceremony presided over by US President Donald…...

3+ day, 38+ min ago  (145+ words) U. S. consumer confidence eased in May as worries about inflation linked to the war with Iran intensified, offsetting an improvement in households" perceptions of the labor market, a survey showed on Tuesday. The Conference Board said its consumer confidence index slipped…...

6+ day, 7+ hour ago  (727+ words) New US Federal Reserve Chair Kevin Warsh vowed to be "reform-oriented" as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be "totally independent." Trump has exerted unprecedented pressure…...