Lucia Mutikani

Weak U.S. import prices support tame inflation picture

7:37pm IST

WASHINGTON U.S. import prices fell for a third straight month in January, leading to the largest annual drop in nearly 2-1/2 years, the latest indication of tame inflation pressures.

Weakest U.S. retail sales since 2009 cast pall over economy

12:51am IST

WASHINGTON U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018.

Lower gasoline prices restrain U.S. consumer inflation

13 Feb 2019

WASHINGTON U.S. consumer prices were unchanged for a third straight month in January, leading to the smallest annual increase in inflation in more than 1-1/2 years, which could allow the Federal Reserve to hold interest rates steady for a while.

U.S. job openings hit record high; workers more scarce

13 Feb 2019

WASHINGTON U.S. job openings surged to a record high in December, led by vacancies in the construction and accommodation and food services sectors, strengthening analysts' views that the economy was running out of workers.

U.S. weekly jobless claims retreat from one-and-a-half-year high

07 Feb 2019

WASHINGTON The number of Americans filing applications for unemployment benefits dropped from near a 1-1/2-year high last week, but the decline was less than expected, suggesting some moderation in the pace of job growth.

U.S. trade deficit narrows in November as imports decline

07 Feb 2019

WASHINGTON The U.S. trade deficit fell for the first time in six months in November as cheaper oil and higher domestic petroleum production helped to curb the country's import bill, leading economists to boost their economic growth estimates for the fourth quarter.

U.S. services sector activity at six-month low; shutdown blamed

05 Feb 2019

WASHINGTON U.S. services sector activity slowed to a six-month low in January as businesses worried about the impact of a partial shutdown of the federal government on the economy.

World News

Trump says he'll declare emergency on U.S.-Mexico border

President Donald Trump on Friday announced he would declare a national emergency at the U.S.-Mexico border, a move Democrats vowed to challenge as an unconstitutional attempt to fund his promised border wall without approval from Congress.