Economics

U.S. Housing Starts Reach 12-Year High in August

U.S. Housing Starts Reach 12-Year High in August0 Comments U.S. homebuilding reached a more than a 12-year high in August as both single- and multi-family housing construction sped up, suggesting that lower mortgage rates...

Oil Prices Rise after Attacks on Saudi Arabia Facilities

Oil Prices Rise after Attacks on Saudi Arabia Facilities0 Comments Oil prices witnessed a sharp rise over the weekend after Saudi Arabia’s oil facilities were attacked during pre-dawn hours on Saturday. The attacks eliminated...

U.S. Consumer Prices Rise a Slight 0.1% in August

U.S. Consumer Prices Rise a Slight 0.1% in August0 Comments Consumer prices slowed in August, reflecting a sizeable drop in the cost of gasoline and other energy products. The Consumer Price Index (CPI), which measures what...

U.S. Hiring Slows Down, Unemployment Remains Steady

U.S. Hiring Slows Down, Unemployment Remains Steady0 Comments The U.S. economy gained 130,000 new jobs in August, short of economists’ forecast of 150,000. This increase includes the temporary employment of 25,000 workers...

Chinese Yuan on Pace for Worst Month Since 1994

Chinese Yuan on Pace for Worst Month Since 19940 Comments On Friday, the Chinese Yuan edged lower as it was on pace to set the worst month since the country’s currency reform in 1994. The yuan has been facing weakness due to...

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