Economy News Updates

Business

Jobless Claims Rise to Highest in Almost Three Months

U.S. filings for unemployment benefits rose more than expected last week to the highest in almost three months amid holidays that may have played a role in the increase, Labor Department figures showed April 5.

April 5, 2018
Business

Consumer Comfort Climbs to 17-Year High on Finances

U.S. consumer sentiment advanced last week to a 17-year high as greater optimism about household finances and the buying climate more than offset a deterioration in views about the economy, the Bloomberg Consumer Comfort Index showed April 5.

April 5, 2018
GovernmentBusiness

Trade Gap Widens for Sixth Month Ahead of Trump Tariffs

The U.S. trade deficit widened by more than forecast to a fresh nine-year high in February amid broad-based demand for imports, ahead of Trump administration tariffs that have raised the specter of a trade war.

April 5, 2018
GovernmentBusiness

Trade Fight Expected to Add Risk but Not Sink US Economy

The latest tariff salvos between the United States and China have brought a trade war closer to reality. It’s a risk that the world’s biggest economy is well-positioned to ride out.

April 4, 2018
GovernmentBusiness

China’s Counterpunch to Trump’s Tariffs Sparks Global Selloff

Tit-for-tat tariff threats from the United States and China ignited fears that a trade war is beginning between the world’s two largest economies, lowering U.S. stock futures.

April 4, 2018
Business

Growth in US Service Industries Cools for a Second Month

Growth in U.S. service industries cooled in March for a second month as orders settled back from the fastest pace in more than 12 years, a survey from the Institute for Supply Management showed April 4.

April 4, 2018
Government

Companies Add 241,000 Workers in March, ADP Data Show

Companies added more workers than forecast to U.S. payrolls in March, signaling the job market remains robust, according to data released April 4 from the ADP Research Institute in Roseland, N.J.

April 4, 2018
GovernmentBusinessLogistics

'Absurd' US Tariffs Underscore European Union’s Frustration Over Trade Spat

The security reasons given by the White House for imposing tariffs on Europe make no sense, the prime minister of Denmark said as he questioned the underlying logic of U.S. trade policy.

April 3, 2018
GovernmentBusinessLogistics

China Vows to Respond to US Tariffs With ‘Same Scale, Intensity’

China will respond to any tariffs imposed by the U.S. against alleged violations of intellectual property rights with the same proportion, scale and intensity, said its U.S. ambassador Cui Tiankai.

April 3, 2018
GovernmentBusinessLogisticsTCA

Dow Drops More Than 400 Points After Being Down 700 as Trade-War Fears Intensify

Stock prices opened the second quarter with another sharp decline April 2 as investors grew increasingly worried about the rising U.S. trade dispute with China and a flurry of problems hammering the nation’s marquee technology firms.

April 3, 2018