Economic News

  • U.S. labor market strong; mid-Atlantic manufacturing rebounds

    WASHINGTON (Reuters) - The number of Americans filing applications for unemployment benefits increased moderately last week, pointing to still strong labor market conditions despite signs that economic activity was slowing.

  • Wall Street rises as Fed's Williams bolsters rate-cut hopes

    NEW YORK (Reuters) - U.S. stock indexes rose on Thursday after a sluggish start as comments from New York Fed President John Williams further cemented expectations for interest rate cuts from the U.S. central bank.

  • Trump's tariffs trip up the all-American RV industry

    ELKHART, Ind. (Reuters) - Carrie Gray points to a stack of unwelcome mail on a conference table at the offices of Renegade RV, one of the leading U.S. manufacturers of high-end recreational vehicles. She’s buried in bad news from most of her about 350 suppliers.

  • U.S.-China trade talks continue, in-person meeting may be planned: Mnuchin

    CHANTILLY, France/WASHINGTON (Reuters) - U.S. and Chinese officials will speak on Thursday, potentially paving the way for in-person trade talks to resume, U.S. Treasury Secretary Steven Mnuchin said on Thursday, as the world's two largest economies seek to end a year-long trade war.

  • Trump to meet with airline CEOs on Qatar flights

    WASHINGTON (Reuters) - U.S. President Donald Trump planned to meet on Thursday with the chief executives of major American airlines and Qatar Airways to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States.

  • Exclusive: IEA revising oil demand growth forecast down on slowing economy

    NEW DELHI (Reuters) - The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its executive director said on Thursday.

  • Iran grain ships stuck in Brazil without fuel due to U.S. sanctions

    SAO PAULO/RIO DE JANEIRO (Reuters) - Two Iranian vessels have been stranded for weeks at Brazilian ports, unable to head back to Iran due to lack of fuel, which state-run oil firm Petrobras refuses to sell them due to sanctions imposed by the United States.

  • Dollar falls as Fed's Williams' remarks stoke rate-cut bets

    NEW YORK (Reuters) - The dollar extended its losses against the euro, yen and other major currencies on Thursday as remarks from New York Federal Reserve President John Williams increased bets the central bank would lower interest rates at month-end.

  • U.S.' Mnuchin sees some 'very good' European candidates to lead IMF

    CHANTILLY, France (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Thursday that there are some "very good" European candidates to head the International Monetary Fund, but he is not taking for granted the tradition of European leadership at the institution.

  • Trade, earnings caution weigh on stocks; oil drops

    NEW YORK (Reuters) - A gauge of global stocks lost ground for a third straight session on Thursday on worries over how the trade war between the United States and China could take a toll on corporate earnings, while oil prices dropped on expectations of rising output.

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