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US inflation firming as Iran war drives up prices
U.S. inflation surged at its fastest pace in three years in April, driven by higher energy prices amid the Iran war, affecting consumer spending and economic growth.
All eyes on job market as Fed’s rate-cut window narrows
The US job market's strength narrows the Federal Reserve's window for interest rate cuts amid inflation and geopolitical tensions.
US goods trade deficit widens in March as imports rise sharply
The U.S. goods trade deficit rose to $87.9 billion in March due to a sharp increase in imports, signaling a potential drag on first-quarter economic growth.
US fourth-quarter GDP growth revised lower to a 0.5% rate
WASHINGTON, April 9 (Reuters) – U.S. economic growth slowed more than previously estimated in the fourth quarter amid downgrades to business investment, including inventory accumulation, but corporate profits increased sharply, government data showed on Thursday. Gross domestic product increased at a downwardly revised 0.5% annualized rate, the Commerce Department‘s Bureau of Economic [...]
Back to the 1970s? Investors brace for return of stagflation
Investors brace for stagflation as Middle East conflict drives oil prices above $100, threatening inflation and economic growth worldwide.
Richmond water crises test city, but growth stays strong
Despite two major water outages in 2024, Richmond leaders remain optimistic, citing business growth, regional cooperation and new investment.
States offer big incentives for data centers’ growth
States across the U.S. are competing to attract data centers by offering major incentives and tax breaks, sparking pushback in local communities.
US trade deficit hits record high as businesses, consumers try to get ahead of Trump tariffs
U.S. trade deficit surged to a record $140.5B in March as businesses raced to import goods ahead of sweeping Trump tariffs, dragging on GDP growth.
