U.S. natural gas futures jumped nearly 7% on Tuesday to a 14-year high following a price rally in Europe and while analysts expect demand to remain strong due to hot weather in the country. Specifically, natural gas futures gained 60.1 cents, or 6.9%, to $9.329 per million British thermal units. This is the highest level […]
Tag: USA
USA: Six wounded by gunfire outside a hospital in Memphis
Six people, including at least two teenagers, were wounded by gunfire outside a hospital in the Memphis, Tennessee area, local media reported. The shooting happened around 1 a.m. local time outside Methodist North Hospital in Raleigh, a community of 31,000 northwest of Memphis, according to CBS affiliate News Channel 3. Police officers told the channel […]
USA: The military conducted an intercontinental ballistic missile test
The United States military announced today the test of a Minuteman III intercontinental ballistic missile, which had been delayed to avoid escalating tensions with Beijing during a show of force by China near Taiwan earlier this month. China deployed dozens of aircraft and fired live missiles into the Taiwan Strait after US House Speaker Nancy […]
US: New home starts plunge 9.6% in July
New home starts in the US fell sharply in July as the industry takes a double whammy from widespread tightening and rising mortgage rates. In particular, housing starts plunged 9.6% month-on-month in July to an annual rate of 1,446 units, which was the lowest in 17 months since February 2021. At the same time, they […]
Roubini: Two scenarios for the American economy, the bad and the worst
The US economy has two options, according to Nouriel Roubini, given the most aggressive monetary tightening in decades, either a steep economic landing into recession or inflation running rampant. “Fed interest rates would have to go well above 4%, to 4.5% to 5% in my view, for the bank to really push inflation toward 2%,” […]
US: NAHB housing market index falls in August to 49, its lowest level since May 2020
The US NAHB housing market index has fallen six points in August, falling back to 49 points from 55 in July, and reaching its lowest level since May 2020. The market consensus expected the indicator to remain unchanged at 55. The builder confidence fell for the eighth consecutive month in August, as high interest rates, […]
Homebuilders say US is in ‘housing recession’
Construction sentiment in the single-family home market slipped into negative territory in August in the US as builders and buyers grappled with higher costs. The National Association of Home Builders/Wells Fargo Housing Market Index fell 6 points to 49 this month, its eighth straight monthly decline. Anything above 50 is considered positive ground. The index […]
USA: New York’s manufacturing empire surprises in August with its worst result in more than two years
The index New York’s manufacturing empire has fallen sharply in August, sinking to -31.3 points from +11.1 in July. This is its worst result in 27 months, specifically since May 2020, when the city was immersed in the midst of the coronavirus pandemic. According to the Federal Reserve Bank of New York, new orders and […]
With military tension, China responds to the new US visit to Taiwan
China’s military said it had increased the number of military exercises near Taiwan on Monday, as a group of US lawmakers visited the island and met with President Tsai Ing-wen, in what Beijing said was a violation of its sovereignty. A US congressional delegation led by Senator Ed Markey landed in Taiwan yesterday for a […]
Ukrainian jets launch US anti-radar missiles
By David Axe Ukrainian aircraft fire US-made AGM-88 high-velocity missiles (HARM) against Russian air defenses in Ukraine. This is an unexpected development, given that HARMs are normally incompatible with the Soviet-made MiG-29 and Su-27 fighters and the Su-24 and Su-25 aircraft of the Ukrainian air force. But one can guess how Ukrainians and Americans made […]
