US economy

JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon is reportedly scheduled to meet privately with a group of moderate House Democrats on Tuesday. The meet will have banking and the U.S. economy on the agenda, reported Bloomberg citing people familiar with the plans. The private lunch with the New...

The International Monetary Fund says the U.S. economy won't escape the challenge of persistent inflation if the job market does not soften and monetary policy does not stay tight for an extended period of time. On Friday, the U.S. Bureau of Economic Analysis (BEA) ...

On Thursday, the U.S. Bureau of Economic Analysis will announce its preliminary estimates of the first-quarter gross domestic product.  The consensus among economists forecasts an annualized quarterly growth rate of 2% for the first three months of 2023. In the last quarter of 2022,...

Cryptocurrency exchanges Binance (CRYPTO: BNB) and Coinbase Global Inc (NASDAQ: COIN), two of the top cryptocurrency exchanges, announced temporary suspensions of USD Coin (CRYPTO: USDC) conversions due to concerns about the fallout from the collapse of Silicon Valley Bank, a subsidiary of SVB...

Optimism is increasing on Wall Street, with investors hoping for a “soft landing” in the economy. “David Kelly, the chief global strategist at JPMorgan Asset Management, is betting that inflation will continue to ease in 2023, helping the US economy to narrowly escape a...

The global economy breached $100 trillion for the first time in 2022 but will stall in 2023 in the backdrop of policymakers continuing their fight against inflation, according to the Centre for Economics and Business Research. What Happened: The world faces a recession in 2023 as higher borrowing...

This article was originally published on June 28, 2021 2:34 pm. It was one of the most read articles on Benzinga.com this year. What Happened: Robert Kiyosaki, best-selling author of "Rich Dad Poor Dad," cautioned his followers to prepare for “the biggest crash in world history....

Ark Invest CEO and popular money manager Cathie Wood said on Wednesday that latest used car price data indicate sales have peaked and that prices will come down as deflation plays a bigger role in the coming days. What Happened: The latest inflation numbers from the U.S. Department of...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk asked Cathie Wood of Ark Investment Management her views on the high ratio of S&P market cap to GDP on Monday. What Happened: The entrepreneur quizzed Wood, portfolio manager for Ark Innovation ETF (NYSE: ARKK), on Twitter after the fund manager...

Federal Reserve Bank of Richmond’s President Thomas Barkin on Sunday said the U.S. economy is on course for a strong 2021 as the pandemic recedes and dismissed fears of unwanted inflation despite price pressures. What Happened: Speaking to Bloomberg on Sunday evening, Barkin said 2021 will be...

Senate representative and government’s top health officials on Tuesday held an online hearing on the country's future strategy in fighting the ongoing pandemic. 1. Consequences of Reopening Are Serious As states begin to reopen their economies after weeks of closures, Dr. Anthony...

Moody’s Analytics chief economist Mark Zandi has warned that the U.S. economy risks a depression should individual states gamble on reopening businesses too soon. Make Or Break Moment Zandi, who sits on the board of MGIC, one of the largest private mortgage insurance companies, appeared...

Private sector employment rose in August, taking its biggest jump in three months and increasing broadly across several sectors, according to the ADP National Employment Report based on private payroll data released Thursday. Non-farm private sector employment increased by 195,000 jobs from July to...

Nomura Instinet downgraded several companies dependent on housing market growth Thursday, citing U.S.-China trade uncertainty that could put a damper on consumer confidence and economic growth. The Analyst Michael Wood downgraded four building-related companies from Buy to Neutral: TopBuild Corp (...

Retail sales unexpectedly declined in February despite rebounding activity in motor vehicle and gasoline sales. Poor weather and shrinking tax returns sapped momentum from the retail sector, in yet another sign that the economy slowed in the first quarter. The Census Bureau reported that total...