The U.S. government’s budget deficit ballooned to nearly $1 trillion in 2019, the Treasury Department announced Friday, as the United States’ fiscal imbalance widened for a fourth consecutive year despite Continue Reading
At this week’s biennial Tokyo Motor Show, Toyota Motor Corp.’s booth didn’t feature any cars its customers can buy. Instead, the company showcased a mobile service that gives you a Continue Reading
(Reuters) – U.S. electronics factories are investing less and slowing hiring or laying off workers in some cases due to the rising costs of trade tariffs, according to an industry Continue Reading
The collateral damage of the United States’ trade wars is being felt from the fjords of Iceland to the auto factories of Japan. Central bank governors and finance ministers traded Continue Reading
Overall industrial production, which includes output at factories, mines and utilities, dropped 0.4% in September and declined 0.1% from a year earlier, the first year-over-year decrease since 2016. Mining production Continue Reading
President Trump’s top economic adviser last week arranged an Oval Office briefing with outside experts who warned the president that continued escalation of U.S.-China trade tensions could imperil the economy and hurt Continue Reading
U.S. companies might be feeling a lot more pinched than they appear. That could have serious repercussions for both the stock market and the economy. Earnings season is about to Continue Reading
The prolonged strike at General Motors Co ( GM.N ) is estimated to have hit as many as 150,000 workers in the auto industry, a report from research and consulting Continue Reading
As President Trump intensifies his trade war with China, and as factories slow in major industrial nations, world commerce is deteriorating rapidly, a perilous development that threatens the global economy Continue Reading
Tuesday figures showing the Institute for Supply Management’s U.S. manufacturing index fell to its lowest level in more than a decade in September were the latest downbeat gauge of factory Continue Reading
