Trends - US economy - Business Recorder

US economy

Dollar gains after GDP contraction

NEW YORK: The US dollar rallied against major currencies on a data-packed Wednesday after a report showed the...

Published 01 May, 2025 06:16am

Markets

Dollar slides to decade-low vs Swiss franc as US assets hit by loss of confidence

TOKYO: The dollar slumped on Friday as waning confidence in the U.S. economy prompted investors to ditch U.S. assets...

Published 11 Apr, 2025 07:47am

Markets

Gold prices extend gains as US-China trade war escalates

NEW YORK: Gold prices extended gains on Thursday, driven by an escalating trade war between the United States and...

Published 11 Apr, 2025 05:38am

Opinion

Will Trump’s Gold Card fetch $50 trillion

President Donald Trump, in his recent interview with Fox News, claimed that his proposed $5 million Gold Card,...

Published 10 Apr, 2025 03:14am

World

China vows to ‘fight to the end’ as Trump tariff war rages

BEIJING/WASHINGTON: China refused to bow to what it called “blackmail” from the United States as a global trade war...

Published 08 Apr, 2025 12:31pm

Markets

Indian stocks end week lower

MUMBAI: Indian shares ended the week lower on Friday, following US President Donald Trump’s sweeping retaliatory...

Published 05 Apr, 2025 05:23am

Editorials

US Liberation Day tariffs

EDITORIAL: President Donald Trump declared 2 April Liberation Day, “the day of our economic independence” as he...

Published 04 Apr, 2025 05:22am

Markets

Global markets reel as Trump tariffs stoke fear of economic ‘spiral of doom’

Investors still grappling with a lot of unanswered questions, a portfolio strategist says

Published 03 Apr, 2025 11:22pm

World

Trump sparks trade war with sweeping global tariffs

Pakistan faces 29% reciprocal tariff

Updated 03 Apr, 2025 11:19pm

Business & Finance

US economic activity up slightly as tariff worries rise, Fed survey

WASHINGTON: US economic activity has risen slightly but unevenly since mid-January, employment nudged higher, and...

Published 26 Mar, 2025 08:09am

World

US current account deficit narrows in fourth quarter

WASHINGTON: The U.S. current account deficit contracted in the fourth quarter, but the improvement could be...

Published 20 Mar, 2025 07:38pm

Business & Finance

Fed keeps policy rate outlook intact

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, as expected, but US central bank...

Published 20 Mar, 2025 05:30am

World

US import prices increase solidly in February

WASHINGTON: U.S. import prices unexpectedly rose in February amid higher costs for consumer goods, which does not...

Published 18 Mar, 2025 07:56pm

Opinion

All eyes on the Fed’s interest rate decision

This week, the market will be closely monitoring the Federal Reserve’s interest rate decision, which is set to be...

Published 17 Mar, 2025 06:43am

World

There are ‘no guarantees’ there will not be a US recession: Bessent

WASHINGTON: There are “no guarantees” there will not be a recession in the United States, although there could be an...

Updated 17 Mar, 2025 08:28am

Opinion

Tariff situation undoubtedly impacting US economy

The US economy added 151,000 jobs, but the unemployment rate rose to 4.1%. This is a key economic indicator for the...

Published 10 Mar, 2025 05:58am

World

Fed Chair Powell flags uncertainty in US economy

WASHINGTON: US Federal Reserve Chair Jerome Powell flagged high uncertainty Friday surrounding President Donald...

Published 07 Mar, 2025 11:35pm

World

US job growth picks up in February; unemployment rate rises to 4.1%

WASHINGTON: U.S. job growth picked up in February and the unemployment rate edged up to 4.1%, but growing...

Published 07 Mar, 2025 07:30pm

Business & Finance

Dollar slips after inflation, consumer data

NEW YORK: The US dollar edged lower on Friday following two straight days of gains, after a reading on inflation was...

Published 01 Mar, 2025 06:28am

World

US goods trade deficit widens sharply in January

WASHINGTON: The U.S. trade deficit in goods widened sharply in January, most likely as businesses front-loaded...

Published 28 Feb, 2025 06:55pm

World

US, China economic leaders raise ‘serious concerns’ in first call

WASHINGTON: US Treasury Secretary Scott Bessent and his Chinese counterpart He Lifeng raised mutual concerns on...

Published 21 Feb, 2025 10:47pm

World

US Fed’s inflation fight at risk of stalling: official

WASHINGTON: The US Federal Reserve’s battle to bring down inflation to target is at risk of stalling as concerns...

Published 20 Feb, 2025 11:08pm

Business & Finance

US retail sales fall sharply in January

WASHINGTON: U.S. retail sales fell more than expected in January, likely as frigid temperatures kept consumers from...

Published 14 Feb, 2025 07:26pm

Business & Finance

JPMorgan earns biggest-ever annual profit

NEW YORK: JPMorgan Chase on Wednesday posted record annual profit as its dealmakers and traders reaped a windfall...

Published 16 Jan, 2025 03:04am

Markets

Wall St slips as focus shifts to earnings, consumer inflation data

NEW YORK: Wall Street’s main indexes fell on Tuesday as investors turned their attention to upcoming inflation ...

Published 15 Jan, 2025 02:59am

Markets

Most Gulf markets fall after stronger than expected US jobs data

Most stock markets in the Gulf were subdued on Sunday following stronger than expected US jobs data, which ...

Published 13 Jan, 2025 03:06am

Business & Finance

Trump, SoftBank CEO announce $100bn US investment

PALM BEACH (Florida): President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on...

Published 17 Dec, 2024 06:47am

Business & Finance

Fed may cut rates in last meeting of Biden era

WASHINGTON: The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on...

Published 16 Dec, 2024 06:08am

World

US inflation still on ‘bumpy’ path to target: Fed official

WASHINGTON: The US remains on track to hit its long-term target of two percent inflation despite a recent “bump” in...

Published 02 Dec, 2024 10:49pm

Markets

Japan’s Nikkei touches more than a week high on hopes of strong US economy

TOKYO: Japan’s Nikkei share average touched its highest in more than one week on Monday, as investors bought stocks...

Published 25 Nov, 2024 10:40am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 8	281.55
USD PKR Interbank Buying / May 8	281.35
USD to Japanese Yen / May 8	144.45
USD to Swiss Franc / May 8	0.83
Pound Sterling to USD / May 8	1.33
Euro to USD / May 8	1.13
UK LIBOR % / May 6	4.96

Stock	Volume
S&P 500 / May 7	5,631.28
Nasdaq / May 7	17,738.16
Dow Jones / May 7	41,113.97
India Sensex / May 8	80,773.90
Tokyo Nikkei / May 8	36,928.63
Hang Seng / May 8	22,772.13
FTSE 100 / May 8	8,563.33
Germany DAX 30 / May 8	23,254.02
France CAC40 / May 8	7,658.17

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	16,985
Gold 10 Grams PKR / May 7	305,984
Petrol/Litre / May 8	252.63
Crude Oil USD/Barrel / May 8	58.29
Gold Spot USD/Ounce / May 8	3,339
Diesel/Litre / May 8	256.64
Cotton US¢/pound / May 8	67.25

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / May 8 First Elite Capital Modaraba(FECM)	20.44 ▲ 1.86 (10.01%)
PIA Holding Co.B / May 8 PIA Holding Company Limited B(PIAHCLB)	7,032.03 ▲ 639.28 (10%)
Gillette Pak / May 8 Gillette Pakistan Limited(GLPL)	237.19 ▲ 21.56 (10%)
Khyber Textile / May 8 Khyber Textile Mills Limited(KHYT)	668.07 ▲ 60.73 (10%)
Blue-Ex Ltd / May 8 Blue-Ex Limited (GEM)(GEMBLUEX)	48.40 ▲ 4.4 (10%)
Shakarganj / May 8 Shakarganj Limited(SML)	63.25 ▲ 5.75 (10%)
Diamond Ind. / May 8 Diamond Industries Limited(DIIL)	21.69 ▲ 1.93 (9.77%)
Calcorp Ltd / May 8 Calcorp Limited(CASH)	40.74 ▲ 3.58 (9.63%)
Olympia Mills / May 8 Olympia Mills Limited(OML)	41.95 ▲ 3.45 (8.96%)
Shield Corp. / May 8 Shield Corporation Limited(SCL)	287.76 ▲ 23.24 (8.79%)

Stock	Price
Chenab Ltd (Pref) / May 8 Chenab Limited (Pref)(CLCPS)	1.82 ▼ -0.77 (-29.73%)
Dewan Farooque Sp. / May 8 Dewan Farooque Spinning Mills Limited(DFSM)	2.43 ▼ -0.67 (-21.61%)
Grays Leasing / May 8 Grays Leasing Limited(GRYL)	3.79 ▼ -1 (-20.88%)
Cresent Jute / May 8 Crescent Jute Products Limited(CJPL)	2.41 ▼ -0.63 (-20.72%)
Kohinoor Spining / May 8 Kohinoor Spinning Mills Limited(KOSM)	3.94 ▼ -0.93 (-19.1%)
D.S. Ind. Ltd. / May 8 D.S. Industries Limited(DSIL)	3.49 ▼ -0.73 (-17.3%)
Al-Shaheer Corp / May 8 Al Shaheer Corporation Limited(ASC)	5 ▼ -1 (-16.67%)
Chenab Ltd / May 8 Chenab Limited(CHBL)	4.85 ▼ -0.97 (-16.67%)
Tri-Star Power / May 8 Tri-Star Power Limited(TSPL)	5.17 ▼ -0.95 (-15.52%)
First AL-Noor Mod. / May 8 First Al-Noor Modaraba(FANM)	2.33 ▼ -0.42 (-15.27%)

Stock	Volume
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	93,253,525 ▼ -0.12
Kohinoor Spining / May 8 Kohinoor Spinning Mills Limited(KOSM)	28,484,361 ▼ -0.93
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	27,065,550 ▼ -0.3
B.O.Punjab / May 8 The Bank of Punjab(BOP)	26,764,712 ▼ -0.5
Fauji Cement / May 8 Fauji Cement Company Limited(FCCL)	19,664,828 ▼ -2.99
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	19,599,374 ▼ -0.86
Maple Leaf Cement / May 8 Maple Leaf Cement Factory Limited(MLCF)	19,535,579 ▼ -6.22
Sui South Gas / May 8 Sui Southern Gas Company Limited(SSGC)	15,067,745 ▼ -3.25
Pak Int.Bulk / May 8 Pakistan International Bulk Terminal(PIBTL)	14,901,402 ▼ -0.79
Fauji Foods Ltd / May 8 Fauji Foods Limited(FFL)	13,416,966 ▼ -1.33

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