Tag: Commerce Department
U.S. trade gap hits six-month high as soybean exports plunge 28%
NEW YORK - The United States trade deficit widened in August to the biggest in six months as soybean exports plunged and a measure...
Tariffs start to drag on U.S. economy as trade deficit widens
NEW YORK - Fresh data on the United States economy show President Donald Trump’s escalating trade war is shaping up as a clear drag on...
U.S. economy grew at unrevised 4.2% pace in Q2
NEW YORK - The United States economy grew in the second quarter at an unrevised 4.2 percent pace, the fastest since late 2014, indicating a...
U.S. companies repatriated $169.5B in Q2
NEW YORK - United States corporations are required to pay a one-time tax on their offshore profits, but don’t expect those stockpiled funds to come...
U.S. retail sales trail forecasts as autos, apparel decline
NEW YORK - United States retail sales rose by less than forecast in August following an upwardly revised July gain as purchases of automobiles...
U.S. trade gap widens most since 2015; Record China deficit
NEW YORK - The United States trade deficit widened in July by the most in three years and the gap with China hit a record...
U.S. retail sales advance for fifth month, May revised up
NEW YORK - United States retail sales rose for a fifth month in June and figures from May were revised upward amid gains at auto...
U.S. Q1 GDP growth revised down to 2% on services
NEW YORK – The United States economy expanded in the first quarter at a slower pace than previously estimated, reflecting downward revisions to spending...
Drop in May orders for U.S. capital goods follows April jump
NEW YORK - Orders placed with United States factories for business equipment cooled unexpectedly in May after an upwardly revised April jump that was...
U.S. retail sales top forecasts, bolstering economic pickup
NEW YORK – United States retail sales rose in May by the most in six months, exceeding forecasts and bolstering expectations for an acceleration in...
