Economy News Updates

Business

Retail Sales Unexpectedly Fall for Third Straight Month

U.S. retail sales unexpectedly fell in February for a third month, adding to signs that consumer spending will cool this quarter from the previous period’s hot pace, according to Commerce Department figures released March 14.

March 14, 2018
Government, Business

Outsize Gains in US Employment Show Scope for Economic Growth

The U.S. labor market still has plenty of room to run. That’s the message from government data on March 9, which gave multiple indications America’s jobs situation isn’t as tight as previously thought, sending stocks and bond yields higher.

March 12, 2018
Business

Trump’s Trade War and the $470 Billion Hit to the Global Economy

A full-blown trade war could cost the global economy $470 billion, according to Bloomberg Economics.

March 12, 2018
Business

Jobless Claims Rise More Than Expected From 48-Year Low

U.S. filings for unemployment benefits rose by more than anticipated from a 48-year low while continuing to signal a tight job market, Labor Department figures showed March 8.

March 8, 2018
Business, Fuel, Logistics

Planes, Trains and Trucks: Global Trade Boom Fires Up Oil Demand

The strength of oil consumption took analysts by surprise last year, and played a big role in crude’s recovery to a three-year high in January.

March 7, 2018
Business

Companies Add More Jobs Than Expected, ADP Data Show

Companies in the U.S. added more workers in February than expected, underscoring continued strengthening in the labor market, according to data released March 7 from the ADP Research Institute.

March 7, 2018
Business

US Trade Gap Widens to Post-Recession High

The U.S. trade deficit widened more than forecast in January to a post-recession high, adding to figures cited by President Donald Trump as evidence of American weakness while he brings the nation to the brink of a trade war.

March 7, 2018
Government, Business

Mnuchin Seeks to Douse Trade-War Fears Over Trump Metal Tariffs

Treasury Secretary Steven Mnuchin said the Trump administration isn’t trying to provoke a global trade fight with the steel and aluminum tariffs announced last week.

March 6, 2018
Government, Business, Logistics, TCA

Trump Sends Mixed Signals on Steel Tariffs, Canada, Mexico and NAFTA

President Trump suggested March 5 he may end steel tariffs on Mexico and Canada if they give him better trade terms while re-negotiating the North American Free Trade Agreement.

March 5, 2018
Business

Service Industries Grow Near Fastest in at Least a Decade

U.S. service industries expanded in February near the fastest pace in at least a decade, signaling the economy is on track for steady growth this quarter, according to a survey from the Institute for Supply Management on March 5.

March 5, 2018