trading partners

WASHINGTON | US trade gap grew to $54 billion in September

WASHINGTON — Record imports expanded the U.S. trade deficit for the fourth straight month in September, as the politically sensitive trade deficit in goods with China hit a record. The Commerce Department said Friday that the gap between what America sells and what it buys abroad climbed to $54 billion, up 1.3 percent from $53.3 … Continue reading WASHINGTON | US trade gap grew to $54 billion in September

WASHINGTON | Fed seems poised to raise rates for a 3rd time this year

WASHINGTON — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government spending, could weaken next … Continue reading WASHINGTON | Fed seems poised to raise rates for a 3rd time this year

Slide in banks, energy firms weighs on US stock indexes

Stocks drifted mostly lower in late-afternoon trading on Wall Street Thursday, on track to add to the market’s modest losses a day earlier. A slide in banks and energy companies offset solid gains for the technology sector. Homebuilders also declined following new data showing sales of new U.S. homes slumped in July. KEEPING SCORE: The … Continue reading Slide in banks, energy firms weighs on US stock indexes

WASHINGTON | Mnuchin expresses optimism trade standoffs can be resolved

WASHINGTON | April 22, 2018 (AP)(STL.News) The International Monetary Fund and the World Bank repeatedly warned at their meetings this week that intensifying trade tensions could jeopardize a healthy global economic expansion. But U.S. Treasury Secretary Steven Mnuchin expressed cautious optimism Saturday that countries could settle their differences without a trade war. Mnuchin met during … Continue reading WASHINGTON | Mnuchin expresses optimism trade standoffs can be resolved