US Economy

America’s oil and gas industry employs over 11 million people and is worth more than $1.6 trillion, making the energy transition more difficult than it may seem.

Critical information for the U.S. trading day

Unemployment rate rises to 5.9%

The United States retail sales and jobless claims weakness, significantly below estimates, coincides with the largest fiscal and monetary stimulus in history. Something is not right when these figures come significantly below estimates in an environment of massive upgrades to gross domestic product (GDP). Why?

Tesla is now more valuable than the combination of the world’s top seven traditional auto makers, despite only delivering half a million cars this year.

Despite the serial disappointment in hard economic data, 'soft' survey data has continued to soar in 2021 but analysts expected today's Markit PMIs to retrace some of those gains.

Fed Chairman Powell will testify on the economy Tuesday

'Nearly beyond dispute that supplemental unemployment benefits are reducing employment'

The number of new applications for unemployment benefits rose 37,000 last week to 412,000, the Labor Department reported on Thursday.

A new report on American philanthropy released this week revealed that charitable giving in the U.S. reached recored levels last year — in spite of an economy that saw paychecks slashed and unemployment soaring.