Ford Motor said on Sunday that despite progress in some areas, it still has "significant gaps to close" on key economic issues before it can reach a new labour agreement with the United Auto Workers (UAW) union.

Ford says 'significant gaps' remain in UAW labour contract talks

Investors are dumping equities at the fastest pace since December as the prospect of higher-for-longer interest rates raises the risk of a recession, Bank of America Corp strategists say.

BofA says rate worries spark biggest stock outflows this year

US small-cap and industrial stocks are dropping, typically signals of a recession, but in a year where equities have already beaten expectations some investors are dismissing the moves as little more than noise — for now.

Stocks flash recession warning as trouble spreads to industrials

Bond investors face the crucial decision of just how much risk to take in Treasuries with 10-year yields at the highest in more than a decade and the Federal Reserve signaling it’s almost done raising rates.

Bond market faces quandary after Fed signals it’s almost done 

The US House of Representatives' Rules Committee on Saturday voted, 9-2, to tee up four appropriations bills for debate on the full House floor, the latest move in Republicans' last-ditch bid to prevent government shutdowns after a Sept 30 deadline.

US House panel approves four funding bills; govt shutdown deadline approaches

US Federal Reserve (Fed) officials warned on Friday of further rate hikes even after voting to hold the benchmark federal funds rate steady at a meeting this week, with three policymakers saying they remain uncertain the inflation battle is finished.

Fed officials flag further hikes even after holding steady

US business activity showed little change in September, with the vast services sector essentially idling at the slowest pace since February, and overall new order activity slipping to the lowest level this year, a survey published Friday showed.

US business activity nears stand-still in September, survey says

US existing home sales unexpectedly fell in August as persistently tight supply boosted prices, and a further decline is likely amid a resurgence in mortgage rates.

US existing home sales fall in August; house prices rise

US hotel owners could see greater pressure on their ability to service the loans backing their properties, as a decline in leisure stays coupled with rising costs are expected to pinch their profits.

US hotel loan defaults could rise on falling leisure stays, climbing costs

Mortgage rates in the US rose for the second week in a row.

The average for a 30-year, fixed loan increased to 7.19% from 7.18% last week, Freddie Mac said in a statement on Thursday. It’s the sixth straight week that the average rate has hovered above 7%.

US mortgage rates rise for second straight week, hitting 7.19%

US House Speaker Kevin McCarthy's attempt to restart his stalled spending agenda failed on Thursday when Republicans for a third time blocked a procedural vote on defense spending, raising the risk of a government shutdown in just 10 days.

Shutdown looms as US House Republicans again block own spending bill

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, but could rebound in the weeks ahead as a partial strike by the United Auto Workers (UAW) union forces automobile manufacturers to temporarily lay off workers because of shortages of some materials.

US weekly jobless claims unexpectedly fall

Central banks line up across the world on Thursday to deliver updated policy settings but global markets sulked at the US Federal Reserve's (Fed) refusal to sound an all-clear on rate hikes as it left one last move this year on the table on Wednesday.

Fed leaves shoe dangling in policy parade

Bob Iger can’t get off the roller coaster. Walt Disney’s chief executive plans to double the Magic Kingdom’s investment in theme parks and other experiences to US$60 billion (RM281.40 billion) over the course of about 10 years. On the one hand, spending money on a stable part of the business makes sense. On the other, Disney’s dwindling cash and the increasing demands for it is cause for concern.

US Economy

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US Economy

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