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Oil falls as weak US economic data stokes recession fears

Oil fell on Thursday as weak U.S. economic data raised concerns over a potential global recession and demand reduction, but benchmark prices were headed...

Biden, Republican leader clash, with US economy at stake

WASHINGTON: President Joe Biden and the new Republican speaker of the House of Representatives, Kevin McCarthy, face off Wednesday at the White House to...

White House, Fed rolling out plans to save US economy

US President Donald Trump is drawing up a massive emergency spending package while the Federal Reserve has opened the floodgates of financing to contain the growing economic damage.

US economic growth slows

The American economy cooled in the second quarter of 2019 to a still-solid pace

IMF warns US about trade risks and financial vulnerabilities

US financial system appears increasingly vulnerable and financial conditions could tighten as investors worry more about America's trade disputes

Shutdown robbed US economy of $11bn: report

The partial shutdown, the longest in US history, left some 800,000 federal workers either working without pay or furloughed

Clinton means continuity for US economy, Trump the unknown

WASHINGTON: On taxes, public spending and protectionism the two candidates for the White House are diametrically opposed: Hillary Clinton represents continuity while Donald Trump...

JPMorgan to cut 3,000 more retail banking jobs

NEW YORK: JPMorgan Chase & Co (JPM.N), the largest U.S. bank by assets, said it would cut 3,000 more jobs than previously expected in its retail banking division.

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