[WASHINGTON] A US government watchdog said on Monday that a key measure of unemployment is based on flawed data, making assessing the impact of the coronavirus pandemic on jobs more difficult.

PRESIDENT-ELECT Joe Biden took a significant step this week towards addressing the damage to the US economy inflicted by the coronavirus pandemic, naming an economic team led by his choice for...

[WASHINGTON] US President-elect Joe Biden on Monday named former Federal Reserve chair Janet Yellen as his choice for Treasury Secretary.

[WASHINGTON] A gauge of contract signings to purchase previously owned US homes unexpectedly declined for a second month in October as higher prices and a limited number of listings impeded...

[WASHINGTON] Officials at the Federal Reserve feared the US economy was on a course for renewed pain without Congress approving more stimulus to help its recovery from the pandemic, according to...

LATEST US DATA

THE United States registered a spike in its gross domestic product (GDP) in the third quarter, unrevised from the initial estimate.

[WASHINGTON] New orders for key US-made capital goods increased more than expected in October, but momentum is slowing in line with expectations for slower economic growth in the fourth quarter....

[WASHINGTON] Applications for US state unemployment benefits unexpectedly rose for a second straight week in the first back-to-back increases since July.

[WASHINGTON] There's little doubt that government-ordered business shutdowns to stop the spread of Covid-19 damaged the US economy, but the exact cost has not been clear.

[NEW YORK] US President Donald Trump may still be trying to overturn Joe Biden's election win, but the business world - including some Trump backers - is looking ahead towards the new Democratic...