Washington, Jan 17 (IANS) President Donald Trump said that his administration had reshaped global dynamics through assertive diplomacy and military action, laying out an expansive account of US foreign policy and economic gains during remarks at a Florida event.Trump said US actions abroad had produced swift and decisive outcomes. “We have peace in the Middle East. Nobody thought that was going to be possible,” he said, pointing to what he described as multiple agreements reached within a ye…
Latest US economy News & Updates
Seoul, Jan 16 (IANS) A sharp drop in US stock prices similar to the collapse of the dot-com bubble could trigger a steep contraction in US consumer spending, South Korea’s central bank said on Friday, noting the local economy, too, may suffer serious setbacks should such a case occur.According to a recent report by the Bank of Korea (BOK) on U.S. consumption, a 10 per cent decline in US equity prices would reduce annual consumption growth by about 0.3 percentage point, reports Yonhap news agency…
Washington, Jan 14 (IANS) President Donald Trump said the US economy was “rocketing” on the back of a manufacturing revival, defending his rollback of electric vehicle mandates and predicting that robotics would play a growing role in addressing labor shortages.Speaking during an interview with CBS News at an active Ford assembly line, Trump pointed to expanded production across major automakers as evidence of economic strength.“If you went around this plant, like I have, they just announc…
Washington, Dec 26 (IANS) Public comments submitted on the US government’s new H-1B visa rule show a sharp split over how the changes could reshape high-skilled immigration and the technology workforce.The Department of Homeland Security (DHS) summarised hundreds of submissions received during the rulemaking process in its final rule published in the Federal Register. The comments reflect competing views on whether the H-1B programme helps or harms the US economy.Several commenters stated that…