Citing robust growth and a generational low in unemployment, Federal Reserve Chairman Jerome Powell emphasized the central bank's commitment to further interest rates in a speech Wednesday.
Existing home sales were expected to increase in May.
German auto makers are proposing an end to the European Union's 10 percent import tax on U.S.-made cars, the Wall Street Journal reported Wednesday.
Home sales are heating up on the Massachusetts vacation island and dollar volume could exceed $1 billion this year.
The EU will start charging import duties of 25 percent on a range of U.S. products after Washington imposed tariffs on EU steel and aluminum at the start of June.
The gain in mortgage applications was driven by applications to refinance a home loan.
A stronger economy is keeping workers in the job market and dissuading many Americans from seeking social security benefits, The New York Times reports.
As China and the U.S. near a trade war, both nations bring different weapons to the table. For the U.S., it's direct tariffs on the plethora of goods it imports, while for China the calculus is a little different.
Escalating trade tariffs between the world's two largest economies and an ongoing currency sell-off will keep pressure on the bank's policy makers.
President Donald Trump has requested the United States Trade Representative to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent.
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."