May 15, 2026
Trending now

South Korea ICT exports hit $42.7 billion in April

India unveils sovereign-backed maritime insurance pool

EMSTEEL Q1 net profit jumps as margins widen

Pakistan suicide bombing kills 10 in Lakki Marwat

ADNOC Gas posts resilient Q1 profit despite disruption

Elixir Technologies Unveils Elixir Muse: The AI Writing Assistant Built for Total Data Privacy

Dubai Health and AGFA HealthCare Mark 20 Years of Collaboration Supporting Dubai’s Healthcare System

Measles outbreak in Bangladesh leaves toll at 415

Mayon eruption widens farm toll as crop checks continue

ADB commits $30 billion for ASEAN by 2030

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. The tariff program began in 2018 under a federal trade......
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. Analysts had predicted earnings of $3.41 per share, according to......
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, US comparable sales saw a meager 0.9% increase, excluding the......