Category: Economy

Unemployment in the United States stands at 3.6%, which is near historic lows and an impressive recovery from the spike that hit the economy because of COVID-19. Some states have … Read More

Corrected first para The euro area private sector expanded at the slowest pace in more than a year in June as the manufacturing output contracted for the first time in … Read More

Flash Purchasing Managers’ survey results from eurozone and the UK are due on Thursday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for … Read More

To look at the way richer countries are spending money on the energy transition, you might think we’re within reach of bringing climate change under control. Investment in clean energy … Read More

Manufacturing activity in the Philadelphia region saw a modest contraction in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The … Read More

Software giant Adobe Systems Inc. (ADBE), Thursday reported a profit and revenues for the second quarter that trumped Wall Street estimates. However, the company’s shares slipped nearly 4% in extended … Read More

Shares of Oracle Corp. (ORCL) gained over 9% in extended hours on Monday after the business software giant reported after the company’s fourth-quarter profit and revenues trumped Wall Street estimates, … Read More

China’s service sector logged another marked contraction in May due to measures taken to contain the recent uptick in COVID-19 cases, survey results from S&P Global showed on Monday. The … Read More

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by slightly less than previously estimated in the first quarter of 2022. The report showed labor … Read More

The Bank of Korea lifted its key interest rate by a quarter point for the second straight meeting to tackle high inflation. At the first rate setting meeting of Governor … Read More