News
Important Only
US pending home sales ease in July
WASHINGTON, Aug 28 (Reuters) - Contracts to buy previously owned U.S. homes fell more than expected in July as higher mortgage rates and a slowing labor market sidelined prospective homeowners. The National Association of Realtors said on Thursday pending home sales, based on signed contracts, s...Reuters
Thu, Aug 28
US corporate profits rebound in second quarter; GDP growth revised higher
Caterpillar warns tariffs may cost up to $1.5 billion this yearGDP growth not reflective of true economic health due to import swingsBy Lucia Mutikani WASHINGTON, Aug 28 (Reuters) - U.S. corporate profits rebounded in the second quarter, but tariffs on imports are raising costs for businesses, wh...Reuters
Thu, Aug 28
US economy grows 3.3% in Q2 vs. 3.1% expected
The United States' Gross Domestic Product expanded at an annual rate of 3.3% in the second quarter, the US Bureau of Economic Analysis (BEA) announced on Thursday. This print came in better than the initial estimate and the market expectation of 3% and 3.1%, respectively.Fxstreet
Thu, Aug 28
US weekly jobless claims fall amid low layoffs
WASHINGTON, Aug 28 (Reuters) - The number of Americans filing new applications for jobless benefits fell last week, but tepid hiring could raise the unemployment rate to 4.3% in August. Initial claims for state unemployment benefits decreased 5,000 to a seasonally adjusted 229,000 for the week e...Reuters
Thu, Aug 28
India's small businesses scramble to cushion blow from Trump's 50% tariffs
Tens of thousands of enterprises seek new markets in Europe, Africa and Asia to sidestep US tariff spikeExporters front-loaded shipments ahead of tariff hike deadlineIndian government yet to announce support, instead urges firms to explore alternative marketsExports to US represent about 2.2% of Ind...Reuters
Thu, Aug 28
