Tag: Commerce Department
Tariffs bite U.S. economy as trade gap widens, orders slow
NEW YORK - The United States merchandise-trade deficit widened to a record in September while orders for business equipment declined for a second month, adding...
U.S. retail sales miss forecasts as restaurant receipts drop
NEW YORK - United States retail sales rose less than forecast in September, as a broad-based increase was overshadowed by a drop in restaurant receipts...
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...
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