Wednesday, July 6, 2022

America Business

Hangover after the party on Wall Street

American retailers and the resurgent uncertainty because of the US-China trade disputes have marred the record mood on Wall Street this week. The Dow Jones slipped Tuesday and Wednesday after the index closed over 28,000 points for the first...

Trump signs federal spending project to avoid government shutdown

US President Donald Trump has signed a tentative consensus agreement on federal spending that will run until Dec. 20, with the aim of avoiding paralysis of US institutions or   the government closures. The Washington Post said that Trump signed the...

White House: Donald Trump and Jerome Powell meet to discuss economy

President Donald Trump and Reserve Chairman Jerome Powell met at the White House Monday morning to discuss "economic growth, employment and inflation", the Federal Reserve department said in a statement. The meeting was attended by Treasury Secretary Steven Mnuchin. The Fed...

America’s largest dairy company filed for bankruptcy

With the consumption of dairy substitutes, cattle dairy companies have begun to face real financial difficulties, the latest being the largest dairy producer in the United States, Dean Foods. Dean Foods has filed for bankruptcy, having suffered in recent years...

US stocks hot on inflow data, S&P 500 and Nasdaq end at record high

US labor data and robust figures on Chinese manufacturing sent Wall Street on a record hunt on Friday, broad index S&P 500 and the composite index of the technology exchange NASDAQ increased in the early business by about 1...

US economy continued its robust growth pace in the third quarter CY

The US economy continued its robust growth pace in the third quarter of the current year. Government statistics showed annualized growth of 1.9 percent for the period from early July to late September. This is a much smaller slowdown...

Trump considers delisting Chinese companies from the US markets

US President Donald Trump is considering delisting of Chinese companies on US stock exchanges, a source familiar with the matter said Friday, in what could become a dramatic escalation of trade tensions between the two countries. The move will be...

Trump: America does not need Middle East crude oil, but shipments continue

President Donald Trump has confirmed that the United States has become a major crude oil producer no longer needs oil from the Middle East amid a wave of tweets on Monday morning about the weekend attacks on two oil...

Trump: China wants to negotiate trade war

US President Donald Trump said Monday that China contacted US trade officials overnight to express its willingness to return to the negotiating table, welcoming the news which he described as a very positive development for the world. Speaking on the...

White House reaffirms its commitment to reform WTO

The White House on Saturday reaffirmed the United States' commitment to "reforms" in the World Trade Organization (WTO) to ensure the organization's functioning as agreed by its members, noting that US President Donald Trump will work side by side...

Latest News

Pakistan’s IT deleg meets over 50 Canadian IT companies in Toronto

The Consulate General of Pakistan, Toronto, arranged a networking event for the visiting delegation of ITC executives from Pakistan...
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