US Goods Trade Deficit Widens in May as Exports Fall
The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second quarter.
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GDP Revised Down to Negative 0.5% for 1st Quarter
The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump's trade wars disrupted business, the Commerce Department reported Thursday in an unexpected downgrade from its previous estimate.
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Jobless Claims Fall But Unemployment Rolls Swell
The number of Americans filing new applications for jobless benefits fell last week, but the unemployment rate could rise in June as more laid off people struggle to find work.
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No Dollar Love Amid Frets Over Fed Independence
A battered dollar is taking another beating as investors, unnerved by fresh signs of an erosion in U.S. central bank independence, waste no time in pushing the greenback back to its lowest levels in over three years.
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Trump Again Calls Out Fed Chair Powell: 'Stupid Person, Low IQ'
President Donald Trump continued a string of attacks on Federal Reserve Chairman Jerome Powell today while meeting with reporters at the NATO summit in the Netherlands, calling Powell "a very stupid person."
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WH Economists: Trump Tax Bill Would Reduce Deficit
White House economists on Wednesday released a report asserting that the tax and domestic policy bill being debated by the Senate would improve the economy by reducing the national debt.
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