Shobhana Chandra
U.S. CFOs overwhelmingly expect a recession within 2 years
NEW YORK - United States chief financial officers expect a recession as soon as next year, adding to signs that the outlook is souring among...
Underlying U.S. inflation picks up to keep Fed hike on track
NEW YORK - A key measure of United States inflation picked up as expected in November on rising costs for housing, medical care and used...
Producer prices in U.S. rose in Nov., exceeding estimates
NEW YORK - United States producer prices rose in November on advances in foods and transportation services, while a measure of underlying costs accelerated, offering...
U.S. job openings rose in Oct., top unemployed by 1M
NEW YORK - United States job openings rebounded in October, exceeding the number of unemployed workers by 1 million, indicating demand for workers was...
U.S. trade gap widens to 10-year high amid China tensions
NEW YORK - The United States trade deficit widened more than forecast in October to the highest in a decade, underscoring continued fallout from the...
U.S. consumer spending picks up; Inflation below forecast
NEW YORK - Americans’ spending rose by more than forecast in October, giving the biggest part of the economy a solid start to the quarter,...
Jobless claims in U.S. hit 6-month high during holiday week
NEW YORK - Filings for United States unemployment benefits rose for a third week to the highest level since May, potentially reflecting volatility around two...
U.S. economy grew at unrevised 3.5% pace in Q3
NEW YORK - The United States economy remained on a solid footing in the third quarter, matching previously reported results, as stronger business investment...
Capital-spending slowdown flashes warning for U.S. growth
NEW YORK - Juiced by President Donald Trump’s tax cuts, business investment helped deliver a robust United States economy in the first half of...
Orders for U.S. business equipment trailed forecasts in Oct.
NEW YORK - Orders placed with United States factories for business equipment were weak in October for a third straight month, another sign that...