Wall Street closed sharply lower on Monday with rising bond yields acting as a drag on the market’s growth stocks, ahead of the launch of crucial inflation data. All three major U.S. stock indexes ended deep in negative territory, with… Read More ›
Labor Department
U.S. lifts 10% tariffs on select Chinese imports
The bulk of the items excluded from the 10% tariffs hike, which will go into effect from September 1, includes household furniture, internet modems, routers and baby items. In a significant development, the Trump Administration has lifted import curbs on… Read More ›
Pace of growth of U.S. economy picks up in first quarter
Gross domestic product (GDP) estimates for the April-June period, are above the 4% annualized rate and are double the 2.0% pace logged in the first quarter. During the second quarter of 2018-2019, the U.S. economy has continued to maintain its… Read More ›
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