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USA News 🇺🇸

More Americans Filed for Unemployment Benefits Last Week, But Layoffs Stay Low

October 2, 2024

The number of Americans filing for unemployment benefits rose slightly last week, with claims increasing by 6,000 to 225,000 for the week ending September 28, according to the Labor Department. This surpassed analysts’ expectations of 221,000 but remains historically low.

How Investors Can ‘Capital Gain Harvest’ to Avoid Year-End Mutual Fund Payouts, Says Financial Advisor

October 4, 2024

Unlike mutual funds, which often distribute annual capital gains to shareholders in November and December, most ETFs do not require such distributions. This allows investors to manage their tax burden more effectively and avoid additional tax liabilities.

Tesla’s Q3 Deliveries Fall Short Amid Rising Competition and Robotaxi Launch Anticipation

October 3, 2024

Tesla reported a disappointing increase in third-quarter deliveries, missing market expectations. Despite offering various incentives and financing options, the electric vehicle (EV) maker struggled to attract enough buyers for its aging EV models. As a result, Tesla’s stock dropped over 6%, reflecting investor concerns.

How Higher Taxes and Lower Interest Rates Will Impact Savers: What Financial Advisers Recommend

October 1, 2024

With the recent Federal Reserve rate cut and the upcoming expiration of the Trump tax cuts at the end of next year, savers may face both lower returns on savings and higher taxes on the interest they earn

Potential Port Strike Threatens to Boost Inflation and Trigger Layoffs, Experts Warn

September 27, 2024

A potential port strike set to begin on or after October 1 could have significant impacts on the U.S. economy, as dockworkers prepare to halt operations at several major ports along the East Coast and Gulf Coast. Experts are warning that such a disruption could fuel inflation and lead to widespread layoffs in manufacturing industries.

Gold Hits New Records in 2024: What It Means for the Economy

September 26, 2024

The gold rally of 2024 continues to surge, with the most traded gold futures contract hitting a new record of $2,687.30 on Tuesday, following last week’s Federal Reserve half-point interest rate cut.

US Stock Market | Futures Pause as Investors Monitor Economic Data

September 25, 2024

US stock futures stalled Wednesday as investors awaited key economic data amid rising recession fears. This comes after record highs in the Dow Jones Industrial Average (YM=F) and S&P 500 (ES=F), though both saw little movement, while the Nasdaq 100 (NQ=F) dipped 0.3%.

Hedge Funds Surge into U.S. Tech Stocks Amid Fed’s Rate Cuts – Goldman Sachs

September 24, 2024

Hedge funds are snapping up U.S. tech stocks as the Federal Reserve’s anticipated 50 basis point rate cut drives interest rates lower. According to a Goldman Sachs report, hedge funds purchased tech and media stocks at the highest rate in four months.

Impact of USA General Elections on Stock Markets

September 23, 2024

The USA General Elections have a noticeable impact on stock market performance, particularly on major indices like the S&P 500 Index.

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