The economy is on everyone’s mind this week as fears about a possible recession continue to capture headlines. Now, the Bureau of Labor Statistics has released some revised employment numbers showing 500,000 fewer jobs were created than initially reported.
Mexican tomato producers struck a last-minute agreement with the Trump administration to avert an anti-dumping investigation and end a tariff dispute that has rumbled on for months, government officials said on Wednesday.
President Donald Trump said on Tuesday his administration was considering potential tax cuts on wages as well as profits from asset sales, and sought to play down market anxieties that the world’s top economy could be heading for a recession.
The G-7 host, Emmanuel Macron, has made fighting inequality the theme for the annual meeting of the seven industrialized nations, which opens Saturday in the French seaside resort of Biarritz with the leaders of the United States, France, Britain, Germany, Italy, Japan, and Canada in attendance.
Americans spent more at retail stores and restaurants in July, a sign that concerns over weakening economic growth and a persistent trade war that has roiled financial markets have yet to dampen consumer confidence.
China’s economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers.
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong even as the economy is slowing.
Egypt’s President Abdel-Fattah el-Sissi and Jordan’s King Abdullah II met on Monday to discuss efforts to end the Israeli-Palestinian conflict, reaffirming their support for a two-state solution, Sissi’s office said.
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy’s health.
The International Monetary Fund (IMF) on Tuesday downgraded its global growth outlook, citing trade tensions between the two largest economies.
A chip many Christians believe could be a prototype for the mark of the beast has been implemented in Sweden, where more than 4,000 citizens have had a chip the size of a grain of rice inserted into their hands.
The Chinese economy has suffered a loss of momentum in the second quarter, with the GDP falling to 6.2 % from a 6.4 % expansion in the first three months of the year, figures released by the National Bureau of Statistics showed on Monday.
Turkey remained firm in its commitment to purchase the Russian S-400 missile defense system Wednesday, saying the US ought to look out if it went ahead with its threatened sanctions against the sole Middle East NATO member.
The United States added 224,000 jobs during the month of June, beating analysts’ expectations by about 60,000, the Labor Department said in its monthly workforce report Friday.
The U.S. broke its record for time without an economic recession Monday as it began the 121st consecutive month of gross domestic product (GDP) growth since the 2008 recession.
ays before the US-sponsored Bahrain conference, the White House released its proposal to boost the Palestinian economy by offering a $50 billion aid package that can only be implemented through an Israeli-Palestinian peace agreement.
Iran has increased its offensive cyberattacks against the US government and critical infrastructure as tensions have grown between the two nations, cybersecurity firms say.
The Federal Reserve is holding its benchmark interest rate steady, although policymakers indicate a willingness to loosen the monetary reins if U.S. economic growth sags.
Russia and China have blocked the U.N. Security Council committee monitoring sanctions against North Korea from declaring that Pyongyang breached the annual limit for importing refined petroleum products which are key for its economy, two U.N. diplomats said Tuesday.
A senior Palestinian decision-making body has condemned the decision by Arab countries to attend a U.S.-sponsored Mideast peace conference, calling for the ‘Arab masses’ to act against the gathering.