Associated Press/Photo by Ted S. Warren

U.S. trade deficit hits record high

by Kent Covington
Posted 3/07/19, 10:16 am

The U.S. trade deficit jumped nearly 19 percent in December to a 10-year high of $621 billion. The gap between what the United States sells and what it buys from other countries rose to nearly $60 billion at the end of 2018. Adjusted for inflation, that’s the highest imbalance on trade goods in U.S. history. President Donald Trump’s trade war with China didn’t do anything to close the trade gap. But White House economic adviser Larry Kudlow said a deal for more equitable market exchanges with China could come soon.

Read more

Associated Press/Photo by Alex Brandon

Fed changes gears, holds interest rates steady

by Alyssa Jackson
Posted 1/31/19, 12:23 pm

The Federal Reserve said Wednesday it did not plan to raise interest rates in the near future, signaling it expects economic growth in the United States to slow down from its recent breakneck speed. European stock markets rose some after the news that interest rates in the United States would remain steady, as did markets in China, India, and Japan. The U.S. Dow Jones Industrial Average saw a slight increase Thursday morning.

Read more

Associated Press/Photo by Richard Drew

Late Thursday rally could save Wall Street’s wild week

by Rachel Lynn Aldrich
Posted 12/28/18, 11:58 am

Wall Street tried to maintain momentum Friday after a rally Thursday afternoon erased a 600-point loss for the Dow Jones Industrial Average, finishing the day with a gain of 260 points. Although the New York Stock Exchange had its best day in 10 years on Wednesday, it’s still on track for the worst December on record since 1931, with the Dow and the S&P 500 both down around 9 percent for the month. Meanwhile, most global markets advanced Friday, but Japan’s Nikkei was down slightly.

Read more