US Economy

New York, Feb 19: The US dollar climbed against most major peers on Thursday as the jobs report from the country came out positive. In the week ending February 13, the advance figure for seasonally adjusted initial jobless claims was…

Washington, Feb 10: US President Barack Obama on Tuesday laid out his final budget proposal, seeking $4.1 trillion of spending plan for the fiscal year 2017. The budget proposal highlights Obama's priorities for fighting climate change,…

New York, Jan 15: The US dollar was mixed against other currencies on Thursday. In late New York trading, the euro lost to $1.0860 from $1.0875 of the previous session, and the British pound decreased to $1.4408 from $1.4445. The Australian…

New York, Dec 24: US stocks rallied for a third straight session as investors digested a batch of economic reports amid a strong rebound in oil prices. The Dow Jones Industrial Average jumped 185.34 points, or 1.06 percent, to 17,602.61…

Washington, Dec 19:US President Barack Obama intensified his criticism of Republicans for refusing to admit global warming is occurring. "Keep in mind that right now, the American Republican Party is the only major party that I can think…

Washington, Dec 17: In a historic move, America's central bank, the US Federal Reserve, for the first time in nearly a decade raised its key interest rate from a range of 0 percent to 0.25 percent to a range of 0.25 percent to 0.5 percent…

New York, Dec 12: The US dollar declined against most major currencies on Friday despite the solid economic data from the country. The US Producer Price Index (PPI) for final demand increased 0.3 percent in November, beating market…

Washington, Dec 2:  The US manufacturing Index in November contracted to the lowest level since June 2009 when the economy was caught up in the worst financial crisis in decades. The manufacturing index, also known as the purchasing…

Washington, Nov 16: With a whopping 29.4 percent increase, a record high of 132,888 Indian students studying in the US in 2014/15 academic year contributed $3.6 billion to the US economy, according to a new report. India was the second…

Washington, Oct 15: US producer prices declined in September, raising concerns about possible rising deflationary pressure. The produce price index (PPI) for final demand declined 0.5 percent in September, compared to zero growth in…