US consumer spending falls as inflation cools US consumer spending fell in December, putting the economy on a lower growth path heading into 2023, while inflation continued to subside, which could give … Business • 27 Jan
US economy grows strongly in fourth quarter The US economy maintained a strong pace of growth in the fourth quarter as consumers boosted spending on goods, but momentum appears to have slowed … Business • 26 Jan
US weekly jobless claims unexpectedly fall The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labour market remains tight despite higher interest rates. Business • 19 Jan
Oil edges up on expectations of tight market Oil futures rose slightly today, recouping losses from earlier in the session as an expected rise in Chinese demand and further restrictions on Russian exports … Business • 19 Jan
US retail sales drop more than expected in December US retail sales fell more than expected in December, pulled down by a decline in motor vehicle purchases and a range of other goods, putting … Business • 18 Jan
US inflation cooling as consumer prices fall US consumer prices unexpectedly fell for the first time in more than two and a half years in December amid declining prices for fuel and … Business • 12 Jan
Powell: Fed needs independence to fight inflation The Federal Reserve's independence from political influence is central to its ability to battle inflation, but requires it stay out of issues like climate change … Business • 10 Jan
US banks get ready for shrinking profits and recession US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown that … Business • 10 Jan
US trade deficit narrows to smallest since late 2020 The US trade deficit narrowed more than anticipated in November on a fall in imports, government figures showed today, with drops seen in pharmaceuticals and … Business • 05 Jan
New Fed research flags rising risk of US recession Just over half of the 50 US states are exhibiting signs of slowing economic activity, breaching a key threshold that often signals a recession is … Business • 30 Dec 22
US weekly jobless claims ticked higher last week The number of Americans filing new claims for unemployment benefits edged higher last week but remain in a range indicating the US job market remains … Business • 29 Dec 22
US weekly jobless claims up slightly, Q3 GDP revised up The number of Americans filing new claims for unemployment benefits increased less than expected last week, pointing to a still tight labour market, new figures … Business • 22 Dec 22
US retail sales fall more than expected in November US retail sales fell more than expected in November, likely payback after surging in the prior month, while the labor market remains tight, with the … Business • 15 Dec 22
Biden: Inflation coming down, more work to be done US President Joe Biden has said that inflation in the United States is coming down and things are headed in the right direction - but … Business • 13 Dec 22
US weekly jobless claims increase modestly The number of Americans filing new claims for unemployment benefits rose moderately last week, pointing to a still-tight and strong labour market despite growing fears … Business • 08 Dec 22
US third-quarter economic growth revised higher The US economy rebounded more strongly than initially thought in the third quarter, the government confirmed today, but higher interest rates as the Federal Reserve … Business • 30 Nov 22
60% of US firms in Ireland expect to increase headcount Over 60% of US companies based in Ireland expect to increase their headcount here over the next 12 months, according to new research published today … Business • 24 Nov 22
US retail sales increase solidly in October US retail sales increased more than expected in October as households stepped up purchases of motor vehicles and a range of other goods, suggesting consumer … Business • 16 Nov 22
US consumer prices increase less than expected US consumer prices increased less than expected in October and underlying inflation appeared to have peaked, which would allow the Federal Reserve to dial back … Business • 10 Nov 22
Buffett's Berkshire loses money as stocks offset demand Warren Buffett's Berkshire Hathaway this weekend posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian … Business • 07 Nov 22
US job growth beats expectations in October US employers hired more workers than expected in October, but a rise in the unemployment rate to 3.7% suggested some loosening in labour market conditions, … Business • 04 Nov 22
US weekly jobless claims fall but layoffs picking up The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labour market remains strong despite slowing domestic demand amid … Business • 03 Nov 22
US economic growth rebounds in Q3, but demand stalling US economic growth rebounded strongly in the third quarter amid a shrinking trade deficit, new figures show today, but the figures overstate the economy's health … Business • 27 Oct 22
US retail sales flat in September as higher prices bite US retail sales were flat in September, official data showed today, as car sales slowed and higher prices weighed on consumption. Business • 14 Oct 22
US inflation increases more than expected in September US consumer prices increased more than expected in September and underlying inflation pressures continued to build up, reinforcing expectations that the Federal Reserve will deliver … Business • 13 Oct 22
