2023-06-01 13:54:00 The Institute for Supply Management (ISM) announced on May 1 that the manufacturing index fell to 46.9 in May from 47.1 in the previous month, falling below 50, the turning point for expansion and contraction, for the seventh consecutive month. . FILE PHOTO: The Boeing factory in Washington, U.S., March 2019. REUTERS/Lindsey Wasson … Read more
2023-05-26 07:00:00 NEW YORK (Archyde.com) – Fears are mounting among financial institutions as the U.S. federal government runs out of money on June 1, which is known as Day X. While some traders are avoiding U.S. Treasuries that mature in June, others are preparing to deal with default-risk bonds. May 26 (Archyde.com) – Financial institutions … Read more
2023-05-26 04:50:00 Twenty-seven Republican senators on Wednesday urged the Biden administration to withdraw from the Environmental Protection Agency’s plan to cut emissions from new cars by 2032. FILE PHOTO: Washington, D.C., September 2023. REUTERS/SARAH SILBIGER WASHINGTON (Archyde.com) – Twenty-seven U.S. Republican senators on Wednesday urged the Biden administration to back down on the Environmental Protection … Read more
2023-05-21 03:12:00 The U.S. administration and Republicans in Congress exchanged accusations on Wednesday over the federal debt ceiling. No talks took place that day, and a White House official said that President Biden instructed his administration team to schedule a phone call with House Speaker McCarthy (pictured, Republican) for Monday morning ET. FILE PHOTO: Washington, … Read more
2023-05-10 12:03:00 The U.S. Labor Department’s seasonally adjusted consumer price index (CPI) rose 0.4% in April from the previous month, accelerating from 0.1% in the previous month. This is due to rising gas prices and rents. FILE PHOTO: New York, June 2022. REUTERS/Andrew Kelly WASHINGTON (Archyde.com) – The U.S. Labor Department’s seasonally adjusted consumer price … Read more
2023-05-09 09:06:00 According to the China Passenger Car Association (CPCA) on May 9, domestic passenger car sales in April increased by 2.1% from the previous month to 1.65 million units. FILE PHOTO: Beijing in 2019. REUTERS/Jason Lee BEIJING/SHANGHAI (Archyde.com) – Domestic passenger car sales rose 2.1 percent to 1.65 million units in April from the … Read more
2023-05-09 03:36:00 WASHINGTON (Archyde.com) – NAGE, a union of federal workers, filed a lawsuit in Boston federal court on May 8, accusing the federal debt ceiling of $31.4 trillion was unconstitutional. Pictured is a sign showing federal debt. FILE PHOTO: Washington, D.C. January 2023. REUTERS/Amanda Andrade-Rhoades [８日 ロイター] – NAGE, the federal workers’ union, filed … Read more
2023-05-07 23:04:00 NEW YORK (Archyde.com) – Fears of stagflation, the simultaneous combination of economic stagnation and inflation, are creeping across the U.S. stock market. Concerns about “stagflation,” where economic stagnation and inflation occur at the same time, are slowly spreading in the US stock market. FILE PHOTO: The New York Stock Exchange in November 2022. … Read more