October 17, 2026
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Tag : US economy

Business

Data show Trump trade war failed to cut US China trade gap

omandailynews.com
WASHINGTON: More than seven years after President Donald Trump launched sweeping tariffs on Chinese goods, official data and widely cited economic studies show the measures raised costs inside the United States while leaving the core U.S. goods trade deficit with China largely intact....
News

Trump criticizes Fed Chair Powell over interest rate delay

omandailynews.com
U.S. President Donald Trump has renewed his criticism of Federal Reserve Chair Jerome Powell, calling for his removal and blaming the central bank’s leadership for delaying interest rate cuts. Trump's comments, made both online and in the Oval Office, follow...
Business

US economy outperforms as 254,000 jobs added, unemployment falls

omandailynews.com
MENA Newswire News Desk: – The U.S. economy added 254,000 jobs in September, significantly surpassing economists' projections, according to data released by the Bureau of Labor Statistics (BLS). This unexpected surge in employment brought the unemployment rate down to 4.1%,...
Business

JPMorgan Chase exceeds expectations with stellar first-quarter results

omandailynews.com
JPMorgan Chase announced a record-breaking first-quarter profit and revenue that surpassed expectations on Friday. The New York-based bank reported a profit of $12.6 billion or $4.10 per share, up 52% from $8.3 billion or $2.63 per share a year earlier....
Business

Concerns arise over US economy as Costco reports weaker sales growth

omandailynews.com
Costco Wholesale Corp. witnessed a decline in its shares following the company's slowest growth in US sales in nearly three years. The monthly sales gauge registered a second consecutive slowdown, raising concerns about the robustness of US consumers. In March,...