Latest in U.S. trade deficit hits second highest level ever as Trump weighs more tariffs
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Tariff shock ahead? This is the trade to make before the weekend headlines hit.
Investors aren’t sure if President Trump will formally apply import penalties or notMarketWatch - 5d -
Exxon Mobil’s 2024 production was at highest level in over 10 years
Exxon Mobil’s stock gained ground after quarterly profit and free cash flow beat expectations, and production rose, while revenue fell short of forecasts.MarketWatch - 5d -
Biggest US trading allies brace for a ‘game of chicken’ with Trump’s tariffs
Canada and Mexico draw up plans to mitigate effect of duties Trump has threatened, possibly sparking a trade war. Trump’s tariffs explained America’s two biggest trading partners are bracing ...The Guardian - 6d -
Flu map: These states are now at CDC's highest activity level
The map of flu activity across the United States continues to darken, both figuratively and literally, as case numbers spike upward in most states, according to the Centers for Disease Control and ...The Hill - 6d -
Lay's recall upgraded to highest risk level
The Food and Drug Administration (FDA) says a previously announced recall of certain bags of Lay's potato chips in Oregon and Washington now falls into “Class I” status, its highest risk level. The ...The Hill - Jan. 29 -
U.S. trade deficit in goods hits record high just before Trump took office. It won’t be easy to reduce them.
The U.S. posted a record trade deficit in good in 2024, spotlighting what is likely to be running sore spot under the second administration of President Trump.MarketWatch - Jan. 29 -
Trump Tariffs Could Hit Cars, Clothes and Food Prices Fast
The levies could go into effect within the next few days.Inc. - Jan. 27 -
Trump sparks race for trade deals to counter US tariffs
Nations turn to tactic used in US president’s first term when more bilateral agreements were signedFinancial Times - Jan. 27 -
Bank of Japan raises rates to highest level in 17 years
Central bank signals more increases to come if wage and price growth hit forecastsFinancial Times - Jan. 24 -
Bank of Japan Raises Interest Rates to Highest Level Since 2008
The return of inflation and wage growth is giving the Bank of Japan room to raise interest rates and declare the end of a long period of stagnation.The New York Times - Jan. 24 -
Store closures hit highest level since pandemic — see who is shutting down the most locations
Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few industry ...NBC News - Jan. 23 -
Store closures hit highest level since pandemic — see who is shutting down the most locations
The trend reflects the divide between retailers gaining market share, such as Walmart, and those that have lost ground or filed for bankruptcy, like Big Lots.CNBC - Jan. 23 -
U.S. Firms in China Fearing Trade Turmoil Hit a 5-Year High
An American Chamber of Commerce in China Survey shows growing worries about Sino-American relations and how their businesses could be affected.Inc. - Jan. 23 -
Trump administration weighs sending 10,000 troops to U.S.-Mexico border
Trump administration officials are considering deploying as many as 10,000 soldiers to the border and using military bases to hold migrants awaiting deportation.CBS News - Jan. 22 -
Oil ends at a nearly 2-week low as traders weigh Trump tariff threats, energy policy
Oil futures ended Wednesday at their lowest in almost two weeks, with U.S. benchmark prices notching a fourth straight session decline as investors weighed the potential impact of President Donald ...MarketWatch - Jan. 22 -
China stocks and renminbi hit by Trump’s 10% tariff threat
Benchmark Hong Kong share index down 1.8% after trade shot at BeijingFinancial Times - Jan. 22 -
China sees room to avert trade war with Trump despite tariff threat
New US president hints at potential agreement linking TikTok ownership with tariffsFinancial Times - Jan. 22 -
Wind Power in U.S. Faces Hit From Trump’s Executive Order
In a sweeping order, President Trump halted federal approvals for new wind farms, in a move that could affect projects on land and in the ocean.The New York Times - Jan. 21 -
U.S. crude oil falls as Trump weighs tariffs, aims to boost energy production
Oil prices are down as Trump moves to implement his trade and energy agenda.CNBC - Jan. 21 -
Trump Promises Tariffs on Canada and Mexico, and Paves Way for Further Trade Action
The president said he planned to put tariffs on America’s neighbors on Feb. 1, as he signed an executive order mandating a sweeping review of U.S. trade policy.The New York Times - Jan. 21 -
Dollar slides as Trump shies away from immediate trade tariffs
Euro, sterling and Canadian currencies rally sharply against greenbackFinancial Times - Jan. 20 -
Trump unlikely to impose trade tariffs on UK, says Treasury minister
Darren Jones says Britain should not look at the incoming US president ‘as a risk’Financial Times - Jan. 19 -
Trump's Tariff Threats Push Europe to Gear Up for Trade Fight
U.S. duties could nudge the European Union toward protectionist measures and away from free trade.The Wall Street Journal - Jan. 19 -
When the U.S. Hit Canada With Steep Tariffs Before, Canada Had a Plan B
But economic, political and technological changes have left Canada with few ways to handle trade restrictions now.The New York Times - Jan. 18 -
US budget deficit to hit $1.9 trillion in 2025: CBO
The Congressional Budget Office (CBO) projected Friday that the federal budget deficit would hit $1.9 trillion in fiscal 2025. The nonpartisan budget scorekeeper estimated that federal spending ...The Hill - Jan. 17 -
Trump tariff threats fuel frontloading of trade shipments into U.S., led by China
Companies are expediting cargo shipments into the U.S. ahead of new tariffs from President-elect Trump, with Chinese trade the biggest on the move.CNBC - Jan. 17 -
Planet-warming gas levels rose more than ever in 2024
The record rise is incompatible with keeping global warming to 1.5C according to the Met Office.BBC News - Jan. 17 -
Trump tariffs on Canada could jeopardize oil and gas exports to U.S., says trade chief
President-elect Donald Trump's threatened tariffs could prompt Canada to pursue dollar-to-dollar retaliation or an export tax on oil and gas bound for the U.S.CNBC - Jan. 16 -
‘TARIFFS all the way!!!’: EU mulls carrots and sticks to counter Trump on trade
Bloc may ward off incoming president’s threats by buying more US goods, or impose its own tariffs in retaliation. If there is one thing the EU knows about Donald Trump, it is that he loves tariffs. ...The Guardian - Jan. 16 -
Luxury goods groups drive European stocks to highest level in a month
LVMH and Hermès push up Cac 40 after Richemont’s better than expected salesFinancial Times - Jan. 16 -
UBS’s stock hit its highest level in 16 years. The good news is the bank is about to get fined hundreds of millions of dollars.
UBS stock reached a new 16-year high after the Wall Street Journal said the bank is about to get fined hundreds of millions of dollars.MarketWatch - Jan. 9 -
UK 10-year borrowing costs hit highest level since 2008
Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rulesFinancial Times - Jan. 8 -
Trump ‘considering national economic emergency declaration’ to allow new tariffs; UK 10-year borrowing costs highest since 2008 – business live
Bond selloff drives yield on 10-year UK bonds to highest since 2008 financial crisis. Rise in UK borrowing costs could push Reeves to new public spending cuts Two UK investment trusts have ...The Guardian - Jan. 8 -
Mortgage rates hit highest level since July, crushing application demand
Total mortgage application volume dropped 3.7% compared with the previous week.CNBC - Jan. 8 -
China’s currency hits 16-month low on Trump tariff fears
Renminbi under pressure from stronger dollar and concerns about incoming US president’s trade plansFinancial Times - Jan. 8 -
Oil futures settle at their highest level since October
Oil futures finished higher on Tuesday, shaking off their losses from a day earlier to resume the rally they started the year with and buoyed by expectations for stronger demand.MarketWatch - Jan. 7 -
UK long-term borrowing costs hit highest level since 1998
Rising interest costs raise fears about chancellor’s ability to hit revised fiscal rulesFinancial Times - Jan. 7 -
Trump confronts high trade deficits again as he weighs tariffs. But there’s no quick fix.
The U.S. trade deficit rose 6% to nearly $80 billion near the end of 2024, leaving Donald Trump with a gap that’s almost twice as high as when he first took office as president eight years ago.MarketWatch - Jan. 7