US

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Major US Retailers Gear Up for the Holiday Season with Massive Employee Hires

As the holiday season approaches, major U.S. retail giants are ramping up their workforce, preparing for the anticipated surge in consumer demand. Amazon, the e-commerce behemoth, is taking the lead with an ambitious hiring drive, followed by Target and Macy’s, each aiming to meet the demands of the festive shopping frenzy. Amazon: Unveiling Plans for …

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Foreign Investment in U.S. Bonds Rises in July, But China’s Holdings Decline

The U.S. Treasury Department’s latest report, released on September 19, reveals that foreign investors increased their purchases of U.S. government bonds for the second consecutive month in July. This uptick comes despite prevailing uncertainty surrounding interest rate prospects and somewhat lackluster economic data. Foreign holdings of U.S. Treasury bonds climbed to $7.655 trillion in July, …

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U.S. Shale Oil Production Set to Decline Again in October, Marking a Three-Month Decrease

The U.S. Energy Information Administration (EIA) has issued its monthly drilling performance report, revealing a continuing trend of declining oil production from the nation’s top shale-producing regions. This downward trajectory is expected to persist for the third consecutive month, reaching its lowest point since May 2023. In October, the EIA anticipates a drop in U.S. …

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US Home Builders Experience Negative Sentiment for the First Time in 7 Months

In a recent announcement by the National Association of Home Builders (NAHB), the Home Builders Confidence Index took a significant hit in September, dropping by 5 points to a concerning level of 45. This latest development has sent ripples through the housing industry, marking the first time in seven months that home builders have expressed …

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US Sets Fertilizer Import Record from Russia in 2023’s First Seven Months

A report from Russia’s RIA Novosti news agency has revealed that the United States has imported a record-breaking $944 million worth of fertilizer from Russia between January and July of 2023. The data underscores a 5% increase in the value of Russian fertilizer exports to the US during this seven-month period compared to the previous …

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TikTok Targets US E-Commerce Market, Leveraging Its 150 Million American Users

TikTok, the immensely popular short video platform associated with China’s ByteDance Company, is setting its sights on the lucrative U.S. e-commerce market, capitalizing on its massive user base of 150 million Americans and the platform’s inherent video strengths. In a recent announcement, TikTok unveiled plans to introduce “TikTok Shop” within the TikTok application in the …

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U.S. Industrial Production Exceeds Expectations in August, According to Federal Reserve

In a promising turn of events for the U.S. economy, the Federal Reserve has reported that overall industrial production in the country exceeded expectations in August. This positive data, which reflects the performance of the factory, mining, and public utility sectors, signals potential growth and stability in key industries. Robust Growth in Industrial Production The …

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University of Michigan’s Consumer Sentiment Index Falls Short of Expectations in September

The latest survey conducted by the University of Michigan has revealed that consumer sentiment in the United States took an unexpected dip in September. The decline in the U.S. Consumer Sentiment Index, below analysts’ projections, suggests shifting sentiments among consumers, with varying perspectives on the current economic situation and future trends. Consumer Sentiment Index Falls …

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U.S. Automobile Workers Union Initiates Strike Following Failed Negotiations

The United Auto Workers (UAW) has launched a strike at three prominent U.S. assembly plants operated by General Motors, Ford Motor, and Stellantis. This move comes after negotiations on a labor agreement, which took place late into the night on September 14, ended in a deadlock. The decision to strike materialized following the inability of …

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