The Business Times

US economy

Companies & Markets

Buffett’s Berkshire cash hits US$381.7 billion, earnings soar

Initial claims for state unemployment benefits dropped to a seasonally adjusted 219,000 for the week ended Oct 25 from 232,000 in the prior week, JPMorgan calculated.
International

US weekly jobless claims fall, economists estimate

Many Wall Street economists are raising their growth forecasts in 2026, while Fed chief Powell's impression of the US economy remains rosy.
Opinion & Features
NEWS ANALYSIS

Powell’s warning to investors and lenders: The Fed won’t spoil the markets any longer

Nomura had previously expected a 25-basis point (bp) interest rate cut in December.
Banking & Finance

Nomura expects no more Fed rate cuts in 2025 after October easing

The United States has already delayed reports on employment, trade, retail sales and others, only recalling some furloughed staff to produce key inflation figures needed for the government to calculate Social Security payments.
International

US economy in the dark as government shutdown cuts off crucial data

Blackrock chief investment officer Rick Rieder is one of five candidates on Treasury Secretary Scott Bessent’s shortlist of potential successors to Fed chair Jerome Powell when his term ends mid-May.
Banking & Finance

US Fed chair candidate Rieder says Powell was more hawkish than expected

Amazon said it would cut up to 14,000 jobs from its corporate workforce, joining Target, Procter & Gamble and others in axing thousands of office roles.
International

Global firms slash jobs amid weak sentiment, AI push

Shoppers in Walnut Creek, California, US, on Tuesday, Oct. 7, 2025. The US Census Bureau is expected to release retail sales figures on October 16. Photographer: David Paul Morris/Bloomberg
International

US consumer confidence slips on outlook for economy, jobs

ADP said in a statement it would publish a weekly preliminary estimate of the ADP National Employment Report every Tuesday effective Oct 28.
International

US private payrolls rise by average 14,250 in early October: ADP weekly data

The pacts give Trump some clear wins, like the removal of many tariff and non-tariff barriers on US exports into those countries and pledges to spend billions of US dollars on American goods.
Global Enterprise

Trump’s newest trade deals give US an edge over South-east Asia

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