Browsing: US economy

The six largest US banks eliminated roughly 10600 roles in 2025 returning Wall Street employment to its lowest level in years and marking the sharpest drop since 2016.

A New York Fed survey shows US households expect higher inflation while confidence in finding jobs drops to record lows, signaling rising economic caution.

Rising unemployment claims point to softer labour demand in the United States, with elevated interest rates and slower growth limiting hiring capacity.

Gold surged to a record $3,963 as market demand soared amid global instability and US policy uncertainty, reinforcing its safe-haven status.

The US shutdown halts key economic reports including jobs data, leaving markets and policymakers without vital metrics for decision-making.

OECD lifts 2025 global growth forecast to 3.2 percent but warns U.S. tariffs, slowing demand and trade tensions could weigh on economies in 2026.

Manufacturing layoffs rise as American factories face monthly cost hikes due to tariffs, driving up unemployment and stalling wage growth.

U.S. jobless claims rose to 241,000, marking a 9-week high and signaling growing pressure on the labor market.

Over $3.6 trillion in market value has been erased since Trump returned to office, as confidence in U.S. economic leadership begins to falter.

Apple is investing $500B in the US over four years, expanding AI, silicon engineering, and manufacturing, including a new factory in Texas and 20,000 new jobs nationwide.