US inflation
The US Labor Department said on Wednesday that consumer prices in February rose at the fastest rate in six months. Economists forecast core inflation to reach 2.5 per cent in the spring, but said the increa...
Hoping for the best
As City Councilman Mark Treyger pointed out, for the residents and businesses of Brooklyn's Coney Island neighborhood, which he represents, last year was very challenging. He said: "The epidemic and its aftermath led to the local...
New report
The Labor Ministry's report of 379,000 new jobs added outside agriculture beat economists' forecast of 182,000. This is more than double the number added in January. Stock indices rose.
Major US stock indices rose before the opening of t...
COVID-19 bailout bill
The US House of Representatives has passed a $1.9 trillion pandemic aid bill put forward by Joe Biden's team. The bill is expected to be approved in the Senate thanks to 50 votes from Democrats. In ...
U.S. unemployment
The number of jobless claims in the USA fell sharply last week to a three-month low. Retail sales data, lower COVID-19 cases and vaccination also added to the optimism. However, winter s...
U.S. government bonds
US ten-year government bond yields exceeded 1.37% p.a., reaching their highest level in a year. This was driven by investor fears of an acceleration in the pace of consumer price increases on the back of stronger economic activ...
Department of Labor mistake
New Yorkers are facing a problem because of mistakes by the state Department of Labor in paying unemployment benefits. Some recipients had been paid far more than they&nbs...
Oil rises in value
Oil prices are rising steadily amid rising tensions in the Middle East. The Saudi-led coalition at the weekend announced it had intercepted an explosives-laden drone launched by the Husis towards Abha airport in south-western Saud...
Scottish exports
Scotch whisky exports fell 23% to 3.8bn pounds in 2020, the lowest in 10 years, due to the coronavirus pandemic and US duties.
According to the Scotch Whisky Association, the value of exports to the US, the largest intern...
Free help from the government
President Joe Biden has signed an executive order that seeks to overhaul legal immigration to the US that is dependent on social security.
Biden's order&...
Silver prices hit a record high since 2013. This is another manifestation of the retail madness that has been going on for the past week.
The news site Reddit, which allows you to post any information you like, posted messages urging private investo...
U.S. GDP
The US gross domestic product fell by 3.5% last year, the worst since World War II. The US Department of Commerce's Bureau of Economic Analysis said in a report.
The report said the economy experienced a significant drop for the ...
The $20 note
Note replacement project started under Barack Obama but delayed by Trump administration.
On Monday, the White House said that it would accelerate plans to replace 20-dollar notes featuring US Presiden...
Help for those affected
US President Joe Biden signed two decrees intended to assist those Americans most severely affected by the COVID-19 epidemic.
The President ordered the Treasury Department to take steps to speed...
Unemployment benefits
The results were better than economists predicted, but unemployment is still high due to the ongoing COVID-19 outbreak.
coronavirus pandemic. Restaurants, cinemas and entertainment centres ha...
Slowdown in migration
The rise in international migration rates against the backdrop of the COVID-19 pandemic has slowed down. In 2020, the number of people living outside the countries in which they were born reached 2...
Treasury bond rises
Ten-year US Treasury bond yields (TBY) rose above 1% on Wednesday, marking the first time since March. The yield on ten-year US Treasury bonds rose above 1% on Wednesday, the firs...
Duties on spirits
US President Donald Trump's administration has announced that it will impose new duties of 25% on wine and spirits from France and Germany, starting on 12 January. This includes the first time duties w...
Vote on payments postponed
Republicans in the US Senate blocked a bill passed by the House of Representatives (HOR) to increase payments to Americans from six hundred to two thousand dollars. It is about personal a...
US stockpile cuts and oil price rises
Oil rose on Wednesday as hopes of US stimulus and a reduction in US inventories supported prices.
Brent crude futures rose 0.18 per cent to $51.18 a barrel, while WTI added 0.33 per cent to $48.16 a barrel.
Oi...
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