US retail profits reached $112.3 billion in the second quarter as sales increased to $1.17 trillion, Census Bureau estimates showed.
Browsing: Global Economy
US manufacturing profits rose sharply to $359.4 billion in the second quarter while sales climbed to more than $2.32 trillion.
US consumer credit expanded at a 4.2% annual rate in July as growth in nonrevolving balances accelerated, Federal Reserve data showed.
China inflation accelerated in August as consumer prices rose 0.8% and producer prices climbed 3.8%, led by higher energy costs.
ADGM assets under management increased 54% year over year in the first half of 2026 as licences, funds and employment expanded.
The U.S. Employment Trends Index rose to 108.53 in August, extending its increase for a second month while several labor indicators remained mixed.
The August jobs report showed U.S. payrolls rising by 162,000 while unemployment held at 4.1%, indicating a stronger-than-expected labor market…
The Fed Beige Book showed modest U.S. growth, very slight employment gains and persistent input-cost pressure across most districts.
The BIS says global economic pressure points—from inflation risks to fiscal strains—require coordinated and disciplined policy action.
Lockheed Martin and General Dynamics secured nearly $337 million in U.S. Navy contracts for helicopter upgrades and Hammerhead systems.