Even as growth ramps up to what could be the fastest rate since before the financial crisis, economists are worried that a trade war could tip the U.S. into a significant slowdown or even a recession. » Read More
With a tit-for-tat trade war looming, CFOs from the world's largest firms are growing seriously concerned, according to the latest CNBC Global CFO Council survey. » Read More
By: Gillian Brassil
The Leading Economic Index was expected to rise 0.4 percent in May for its seventh straight month of gains. » Read More
U.S. homebuilding accelerated in both single-family and multi-family home construction.
Failed trade talks between the U.S. and China in June have culminated in the world's two largest economies making good on their threats—with both countries announcing billions of dollars of tariffs on each other's goods.
China's Commerce Ministry said on Tuesday morning that it will take counter measures if the U.S. publishes an additional tariffs list.
President Donald Trump told Apple CEO Tim Cook that the government would not levy tariffs on iPhones assembled in China, the New York Times reported, citing a source familiar with the negotiations.
The sum is part of a total of a $3 billion aid and investment pledge from the UAE to Ethiopia announced Friday.
The latest escalation came on Friday, when President Trump announced fresh tariffs on $50 billion in Chinese goods, prompting swift retribution from Beijing, The New York Times reports.
The U.S. economy is likely to grow faster than expected, according to a Goldman Sachs tracker model.
U.S. tariffs on $50 billion of China goods were imposed Friday to protect U.S. intellectual property and technology. It prompted China to retaliate.
Consumer sentiment jumped in the beginning of June, moving opposite of expectations and heading back toward levels seen earlier this year.
Trump says he's taking the action "in light of China's theft of intellectual property and technology and its other unfair trade practices."
China's Commerce Ministry said Friday that it will respond immediately on the same scale to the Trump administration's new tariffs on Chinese goods worth up to $50 billion.
The expected tariffs against $50 billion worth of Chinese goods will escalate trade tensions between the U.S. and major economies around the world.
Surging consumer spending is driving GDP well above prior estimates, and it is now tracking near 4 percent for the second quarter, almost doubling the pace of the first quarter.
On Friday, the White House is expected to unveil a revised list of between 800 and 900 products from China it will impose tariffs on.
Farmers expressed uneasiness ahead of the White House's expected decision Friday to impose tariffs on Chinese products.
The Trump administration's tariff list is expected to include between 800 and 900 Chinese products.
China said on Friday it would respond quickly to protect itself if the United States hurts its interests.
A fourth rate hike this year could bring about an inverted yield curve and economic slowdown, Principal Global Investors CEO Jim McCaughan believes.
New applications for U.S. unemployment benefits unexpectedly fell last week and the number of Americans on jobless rolls declined to a near 44½-year low.
U.S. retail sales increased more than expected in May as consumers bought motor vehicles and a range of other goods.