Author Archives: PAUL WISEMAN

US home construction climbed 5.7% in April

U.S. home construction rose in April, led by an uptick in single-family homes. Continue reading

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US construction spending drops 0.9% as housing takes a hit

U.S. construction spending dropped in March or the first time in four months, and spending on U.S. home construction fell to the lowest level in more than two years. Continue reading

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US trade gap falls 15 percent to $51.1 billion in January

The U.S. trade deficit tumbled nearly 15 percent in January as imports fell and exports rose. Continue reading

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US factories expanded at slowest pace in more than 2 years

American factories grew last month at the slowest pace in more than two years. Continue reading

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US pending home sales slipped 0.7 percent in November

Fewer Americans signed contracts to buy homes in November as higher mortgage rates and prices squeezed would-be buyers out of the market, especially in the West. Continue reading

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US consumer confidence tumbles in December

U.S. consumer confidence tumbled this month as Americans began to worry that economic growth will moderate next year. Continue reading

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Record imports push US trade gap to $55.5 billion in October

Record imports in October drove the U.S. trade deficit to the highest level in a decade. Continue reading

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US, China put brakes on their trade dispute with ceasefire

The United States and China reached a 90-day ceasefire in a trade dispute that has rattled financial markets and threatened world economic growth. Continue reading

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World waits to see if Trump-Xi dinner brings trade peace

When President Donald Trump sits down for dinner Saturday with Chinese leader Xi Jinping, their table talk will undoubtedly have a global impact. Continue reading

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US consumer confidence slips in November but is still strong

U.S. consumer confidence slipped this month but remains strong. Continue reading

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US home sales rise 1.4 percent, snap 6-month losing streak

U.S. home sales rose in October, breaking a six-month losing streak. Continue reading

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US trade gap grew to $54 billion in September

Record imports expanded the U.S. trade deficit for the fourth straight month in September. Continue reading

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US consumer spirits rise to new 18-year high in October

U.S. consumer confidence rose again this month, hitting a new 18-year high. Continue reading

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US services firms grew at a record pace in September

U.S. services firms expanded at a record pace last month, stepping up production and hiring, in another sign of strength for the American economy. Continue reading

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US producer prices dip 0.1 percent in August

U.S. wholesale prices fell unexpectedly last month for the first time since February 2017, pulled down by falling prices for transportation and warehousing services. Continue reading

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US trade deficit widened to $50.1 billion in July

The U.S. trade deficit widened for the second straight month in July, reaching the highest level since February, as imports hit an all-time high. Continue reading

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US trade deficit widens by $46.3 billion in June

The U.S. trade deficit widened in June for the first time in four months as exports fell and imports grew. Continue reading

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US factories grow at a slower pace in July

U.S. factories grew at a slower pace in July, but American industry remains healthy. Continue reading

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US consumer confidence edges up in July

Americans were a bit more confident about the economy in July, but their expectations for the near future dimmed slightly. Continue reading

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IMF: World economy likely to grow 3.9 percent this year

The International Monetary Fund is keeping its forecast for global economic growth unchanged at 3.9 percent this year despite worries about rising trade tensions and higher oil prices. Continue reading

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