US Economy

Commodities

Trump is going to help agricultural producers with $14 billion

According to the latest news, U.S. President Donald Trump and Secretary of Agriculture Sonny Perdue are going to spend $14 billion to support agricultural producers. This action aims to repair economic damage from coronavirus disease. The Coronavirus Food Assistance Program (CFAP 2) will start on September 21 and continue to December 11. USDA, United States …

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A Stronger US Dollar Did not Help Commodities

A Stronger US Dollar Did not Help Commodities

According to the latest data, the US dollar has strengthened thanks to haven demand for Wall Street’s US dollar assets. However, a stronger USD didn’t help commodities. The Australian dollar fell more than a half-cent to end close 72.12 US cents in Early Asian dealings as the US dollar strengthened. Contrasting Wall Street, there was …

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Gold production

Five states that produce the most gold in the United States

The United States is the world’s fourth-largest gold producer, behind China, Australia, and Russia. Its 2019 production exceeded 200 tons, spread across a dozen states. However, the majority of production comes from just five states: Nevada, Alaska, Colorado, California, and Arizona. As they explain from NS Energy, the United States has been mining gold from …

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A brief overview of United States Profitability in Q4

United States Profitability in Q4, a brief overview

For the final quarter, U.S. profitability bounced back, and what’s more, it held work costs under tight restraints. On Thursday, the Labor Department expressed on nonfarm efficiency – which gauges the hourly yield per laborer -, helped at a 1.4% annualized rate last quarter. During the July-September period, profitability declined at an unrevised 0.2% pace. …

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