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The drop in builder sentiment was concentrated in the Northeast, where the gauge slid to its lowest level in years. Confidence was unchanged in the South and Midwest but edged up in the West.

Ties between the Asian neighbors deteriorated after a bloody border skirmish five years ago, but relations have recently been on the mend.

Frustration and economic losses like those in the U.K. are growing in Japan, the European Union and South Korea.

Japanese steelmaker Nippon Steel acquired the company in June, and vowed that steelmaking would continue in Pennsylvania's Mon Valley. 

Efforts to halt the fleet’s shift to clean energy continue in the name of cost savings. But the National Rural Letter Carriers’ Association says canceling the program will squander millions. 

Canadian PM Mark Carney is expected to meet with Mexican President Claudia Sheinbaum to discuss reinforcing supply chains and key infrastructure to grow bilateral trade.

General Motors is one of the carmakers to agree to a multiyear pact.

Manufacturing output, which accounts for three-fourths of total industrial production, was unchanged after an upward revision to June. Mining and utility output both declined.

The president has repeatedly promised that levies on chips and pharmaceuticals are coming within weeks, but no formal announcements have yet been made.

Retail sales rose 0.5% last month, a slowdown from a revised 0.9% in June, according to the Commerce Department’s report released Aug. 15.