UNITED STATES

US retail sales slumped in December, dragged by sales at department stores and gasoline stations

Retail Sales Fall For First Time Since March But Still Beat Expectations

Sales at gas stations and furniture stores contracted, while consumers still increased purchases of food and electronics.

Oil Market More Robust Than Expected As Non-OPEC+ Countries Boost Production, IEA Says

Even if oil demand dipped last month and remains far below pre-pandemic levels, the IEA expects it recover nearly completely by the end of the year

Oil production and demand are both on the rise, according to the IEA, marking a contrast from the organization's "peak oil" proclamation in October.

House To Vote Tuesday On Plan To Avert Government Shutdown

The US Congress has been at a standstill for two weeks

The proposal championed by Speaker Mike Johnson needs support of two thirds of House representatives.

Federal Reserve boss Jerome Powell reminded investors that the door was still open for another interest rate hike

Inflation Slows More Than Expected After Sharp Gasoline Price Drop

Consumer prices were unchanged in October from September.

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US President Joe Biden and China's President Xi Jinping last met in Bali in November 2022

In Focus This Week: Biden-Xi Meeting, Inflation Data, Retail Earnings

Retail sales, industrial production will also be released; Congress needs to reach an agreement to avert a government shutdown by the end of the week.

U.S. Senator Joe Manchin (D-WV) at the U.S. Capitol in Washington

Joe Manchin Says He Won't Run For Senate Reelection Next Year

The West Virginia senator criticized divisions and said he will travel the country to mobilize the middle.

Fed boss Jerome Powell's speech at Jackson Hole will be closely followed by investors

Powell Says Fed Isn't Convinced Rates Have Increased Enough

In a more hawkish speech, the Fed chair warned against "head fakes" from inflation.

The US Federal Reserve is widely expected to hold interest rates steady at the end of its two-day gathering starting Tuesday

Fed Officials See 'Progress' On Slowing Inflation, More Data Needed

Tom Barkin said the economy is still to show impacts of higher rates, while Michelle Bowman said the current rate appears to be "restrictive."

US Treasury Secretary Janet Yellen said ahead of talks with her Chinese counterpart He Lifeng that Washington will protect its national security but aims to communicate clearly

US, China Finance Chiefs Open Talks With Eye On Curbing Tensions

US Treasury Secretary Janet Yellen opened talks Thursday with Chinese counterpart He Lifeng ahead of a key Asia-Pacific leaders' summit, seeking to limit tensions despite looming national security concerns.

With the labour market still tight, investors are keeping a wary eye on US jobs data with a strong reading likely putting pressure on the Federal Reserve to hike interest rates further

Jobless Claims Fall Again After Two Weeks Of Increases

The four-week average rose to the highest level since mid-September.

Five Republican presidential candidates will debate on stage in Miami

GOP Debate: Attacks On Trump And Biden, Support For Israel, Personal Clashes

Donald Trump skipped the debate for the third time and held a rally at the same time.

According to its 2021 annual report, the Disney group employed 190,000 people worldwide as of October 2 of that year

Disney Profit, Streaming Subscribers Beat Analysts' Expectations

Disney also announced an increase in its goal for cost cuts.

Citibank To Pay $25.9 Million For Discrimination Against Armenian Americans

The CFPB said the bank treated credit card applicants as criminals.

Marijuana plants for the adult recreational market at Hepworth Farms in Milton, New York

Ohio Votes To Approve Recreational Marijuana

The law can still be modified by the state's legislature

Fed Chair Jerome Powell will speak to reporters after the Fed's decision is announced

Powell Asks For 'Flexibility And Agility' From Fed Economists

The Federal Reserve chair didn't discuss the economy or interest rates in his speech.

The US housing sector became a popular place despite the overall economic downturn caused by the Covid-19 pandemic, as cheap mortgage rates and the disruptions caused by the virus spurred people to shop for homes

Mortgage Rates See Biggest Drop In More Than A Year

Applications for mortgages rose as lenders tried to take advantage of lower rates.

The SEC said Under Armour pulled foward future sales to avoid missing analyst revenue forecasts

Under Armour Cuts Forecast For Annual Sales On Sluggish North America

The company shares gained as it raised guidance for gross margin.

Demonstrators march during the "Palestine to Africa - Palestinian Liberation is Black Liberation" protest in New York on November 5, 2023

'Black Lives 4 Palestine': US Activists Find Common Cause

Marching in Black Lives Matter protests in 2020 was the first time AnnEliza Canning-Skinner "experienced what solidarity is," she says.

Republican hopeful Nikki Haley addresses a town hall in Laconia, New Hampshire

Five Candidates Qualify For Third Republican Presidential Debate

Donald Trump, who leads other Republican candidates in election polls, will hold a rally competing with the debate.

Credit cards are pictured in a wallet in Washington, February 21, 2010.

Americans' Credit Card Debt And Delinquencies Jump Led By Millennials

A New York Fed study showed that the annual gain in credit card debt reached a record.

A D.R. Horton home building project is pictured in San Marcos, California July 28, 2015.

D.R. Horton Expects Its Home Sales To Rise Despite High Mortgage Rates

The company's forecast and quarterly results beat analysts' estimates.

WeWork is back with a public share listing, two years after the high-flying office-sharing firm went into a tailspin that led to the cancelling of a planned share offering

WeWork Files For Bankruptcy With Almost $19 Billion In Debt

The company, which has locations in 37 countries, said the process only involves U.S. and Canada units.

Uber and Lyft agreed to pay $328 million to settle a New York probe that accused the companies of wrongfully deducting fees from drivers' pay

Uber Says Demand Is 'Stronger Than Ever' For Holiday Season

The company's forecast for bookings and adjusted Ebtida in the fourth quarter is above analysts' estimates.

Rockefeller Center Christmas Tree

New York's Fifth Avenue To Be For Pedestrian's Only Three Sundays This Holiday Season

The initiative aims to replicate the success of last year when sales had a boost of 6.6%.

Amfitriti, a bulk carrier part of Black Sea grain deal, and other commercial vessels wait to pass the Bosphorus strait off the shores of Yenikapi in Istanbul

Deep Sea Mining Decision Looms, Pitting Green Energy Against Environmental Protection

The International Seabed Authority meets this week in Jamaica to discuss allowing the beginning of large-scale deep sea mining.

US authorities said evidence from the Bumble dating app was used to track a suspect in the January 6 Capitol uprising

Dating App Bumble Names New CEO, Founder To Become Executive Chair

The new CEO will join the company in January after leaving Salesforce's Slack.

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