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With US inflation at a 40-year high, economists say there is no doubt that the Interest rates will continue to rise.
Higher labor costs bit into JPMorgan Chase's fourth-quarter results, but the US bank still reported record annual profits of $48.3 billion.
The Omicron sweeps the U.S., empty supermarket shelves have become the sign of the pandemic's ongoing disruption to the supply chains.
The US economy ended 2021 on a sour note with a worse-than-expected employment report.
American consumers ramped up spending in November but at a slower pace than the prior month, while prices continued to march upward.
Europe's stock markets firmed in low-volume festive trade, as investors mulled the Omicron coronavirus outlook and US economic data.
The Omicron variant of Covid-19 could slow the recovery of the US economy and labor market and also heighten uncertainty regarding inflation, Federal Reserve...
Orders for big-ticket manufactured goods declined in the United States in October.
With US prices rising at a rate not seen in decades, President Joe Biden’s administration is looking for ways to turn the tide. From...