Business inventories flat in March
U.S. business inventories saw no improvement in March, falling short of economists’ predictions. The Commerce Department’s measure of business production remained flat in March at $1,929.6 billion. It was expected to gain 0.1 percent, a survey of Reuters economists forecast....
Can comedian Ben Stein change Trump’s mind on tariffs? We’re about to find out
WASHINGTON — When President Trump tunes into “Fox & Friends” on Monday morning, he may see a familiar face delivering a gentle warning that tariffs are “B-A-D economics.” In a last-ditch attempt to persuade Mr. Trump to back away from...
Kudlow: Trump-Xi ‘bromance’ could lead to a China trade deal
Chief White House economic advisor Larry Kudlow believes the U.S. and China can avoid a trade war despite a multitude of issues continuing to split the two nations. As one of the administration’s most ardent free trade supporters, Kudlow has...
FDA Commissioner Gottlieb: US could see lower drug prices if Europe pays more of its fair share
U.S. allies’ drug pricing strategies are not sustainable for long-term success, and that’s adversely leading to higher prescription costs at home and abroad, FDA Commissioner Dr. Scott Gottlieb told CNBC on Tuesday. Europeans “do underpay relative to us for branded...
Amazon is moving into blockchain with a new partnership
Amazon’s cloud computing arm is looking to make it easier for customers to use blockchain with a new partnership announced Tuesday. The cloud computing giant will team with a new start-up launching Tuesday called Kaleido, which was born out of...
Homebuilder sentiment rises in May thanks to strong demand and tight housing supply
Strong demand and a slim supply of affordable, existing homes for sale has the nation’s homebuilders feeling better about their business. A monthly index of builder sentiment rose 2 points in May, 1 point higher than analysts expected. The National...
US retail sales rose a solid 0.3% in April
U.S. retail sales rose at a solid pace last month, a sign that consumers are rebounding from weak spending in the first three months of the year and driving better economic growth. The Commerce Department says retail sales increased 0.3...
Higher gasoline prices restrain US retail sales in April
U.S. retail sales increased moderately in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter. The Commerce Department said on Tuesday that retail sales rose...
The Fed will likely turn more aggressive in raising rates, says Deutsche Bank
The Federal Reserve is likely going to turn more aggressive than it is currently indicating, with more rate hikes than expected coming this year, according to an economist on Tuesday. “The Fed’s got to worry about A: falling behind the...
Australia’s central bank sees little reason to lift rates as inflation and wages stay sluggish
Australia’s central bank saw little reason to lift rates this month as inflation remained below target and likely to remain subdued in the face of sluggish wage growth, minutes of its May policy meeting showed. The Reserve Bank of Australia’s...
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