Katia Dmitrieva
World economy edges closer to a recession as trade dread deepens
WASHINGTON – The escalating trade war between the United States and China is nudging the world economy toward its first recession in a decade...
U.S. goods trade deficit widens to 5-month high in June
WASHINGTON – America’s merchandise trade deficit with China widened slightly in June to a five-month high, government figures showed Friday, a day after President...
U.S. growth slows to 2.1% as trade tensions weigh on businesses
WASHINGTON – U.S. economic growth slowed in the second quarter by less than forecast as consumer spending topped estimates, though weaker business investment and exports...
U.S. jobless claims edge up to 216,000, matching projections
WASHINGTON – Filings for United States unemployment benefits rose slightly while still remaining around a historically low level that’s consistent with a tight labor...
U.S. budget gap widens to $747B in 9 months through June
WASHINGTON – The United States budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal year, as rising...
U.S. consumer borrowing climbs on bigger credit card balances
WASHINGTON – United States consumer debt climbed in May at about the same pace as a month earlier, led by the largest advance in...
U.S. trade gap widens by more than forecast to highest in...
WASHINGTON – The United States trade deficit widened by more than forecast to a five-month high as imports surged the most since 2015, illustrating...
U.S. factory gauge drops less than forecast but orders stall
WASHINGTON – A gauge of United States factory activity fell in June by less than forecast as output and jobs improved though new orders...
U.S. new-home sales fall to five-month low, missing estimates
WASHINGTON – Sales of new United States homes fell to a five-month low in May, adding to signs of weakness in the sector despite...
Corporate America is repatriating a fraction of foreign profits
WASHINGTON – Corporations brought $100.2 billion of overseas profits back to the United States in the first quarter, marking $876.8 billion that has returned...
