U.S. trade deficit widens to 30 month high as imports flood in before port strike. GDP shaved.

U.S. trade deficit widens to 30-month high as imports flood in before port strike. GDP shaved.

The U.S. trade deficit jumped to a 30-month high in September, keeping the economy from posting a second straight 3% increase in gross domestic product.

Business - MarketWatch - 6 hours ago

Trade deficit in goods surges to 2 1/2 year high and to whittle down U.S. GDP

The U.S. trade deficit in goods jumped 15% in September to 2 1/2-year high, a much larger increase than expected that could shave some growth off gross domestic product in the third quarter.

Business - MarketWatch - October 29

10-year Treasury yield ends at roughly 3-month high as U.S. deficit concerns linger

Long-dated Treasury yields finished at their highest levels since late July again on Tuesday, as U.S. deficit concerns weighed on investors and traders.

Business - MarketWatch - October 22

Labor strikes shut down operations at Canada's container ports from East to West Coast, with U.S. trade left in limbo

Ports of Vancouver and Prince Rupert are at a standstill after ILWU union workers walked off the job, the latest in a string of Canadian labor strikes.

Business - CNBC - 21 hours ago

10-year Treasury yield dives by most in a month after Iowa poll tilts in favor of Harris

Treasury yields finished broadly lower on Monday after a key poll gave Vice President Kamala Harris an edge over former President Donald Trump ahead of Tuesday’s election.

Business - MarketWatch - 22 hours ago

October jobs forecast shaved to 110,000 after Boeing strike and hurricanes

The final U.S. jobs report before the presidential election is expected to be a crummy one, but it’s not Washington’s doing. Instead, a major strike at Boeing and a pair of deadly hurricanes would ...

Business - MarketWatch - 5 days ago

Biden announces $3 billion investment in U.S. ports

President Biden announced a $3 billion investment to reinvigorate ports across the U.S. Mr. Biden spoke from the Port of Baltimore, not far from the site of the Francis Scott Key Bridge collapse.

10-year Treasury yield rises to fresh three-month high as U.S. rates continue their ascent

The yield on the 10-year Treasury continued its ascent on Monday after hitting a three-month high last week.

Business - CNBC - October 28

Israel widens Lebanon campaign with air strike on northern village

Attack on Christian-majority area follows targeting of Israeli army base by Hizbollah

Business - Financial Times - October 14

Bill Gates is surprised more people don't ask him these 'boring' questions: They're 'more important than the GDP'

Bill Gates fields a lot of questions about AI and climate change. He's surprised more people don't ask him about topics like global health, he says.

Business - CNBC - 3 days ago

Biden to unveil $3 billion investment in U.S. ports in Baltimore

President Biden will announce initiative to modernize ports across the U.S. and improve working conditions for dockworkers.

Biden Announces $3 Billion to Cut Carbon Emissions at U.S. Ports

On a visit to Baltimore, the president said federal grants would help upgrade port infrastructure at 55 sites nationwide.

Business - Inc. - 6 days ago

America’s trade deficit isn’t about Trump or Biden — it’s about the WTO

The World Trade Organization has become an obstacle to improving the U.S. trade balance, as it grants "developing country" status to nations like China, allowing them to receive trade concessions, ...

Politics - The Hill - October 14

‘Trump Trade’ of Large Tariffs and Deficits Looms as Market Braces for 2024 Election

As investors have focused on the potential fiscal and economic impact of the Republican candidate’s proposals, yields on Treasury debt have risen.

Business - The New York Times - October 25

10-, 30-year Treasury yields drop again after GDP data opens door to Q4 slowdown

Yields on long-dated Treasurys closed lower on Wednesday after a weaker-than-expected reading on third-quarter U.S. economic growth gave way to the possibility of another slowdown in the final ...

Business - MarketWatch - 5 days ago

U.S. budget deficit in fiscal 2024 swells to third-highest level on record

The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenue.

Business - MarketWatch - October 19

10-, 30-year Treasury yields end at highest since July as deficit worries grow

Monday’s selloff in U.S. government debt pushed long-dated yields to their highest levels in almost three months amid growing concern about the potential for rising deficit spending after the Nov. ...

Business - MarketWatch - October 21

Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling up

Record September imports at the Port of Los Angeles driven by the East Coast strike have led to two-year high cargo congestion at rail yards.

Business - CNBC - October 18

Expert on U.S. election complexities and the importance of understanding state rules

With Election Day just three weeks away, CBS News contributor David Becker explains the complexities of the U.S. voting process, how states handle early voting, and what every American should know.

Here are the 5 most important U.S. economic issues for voters

Americans say the economy is the most pressing issue as they prepare to cast their ballots on November 5, including these five key issues.

Scale of Spain floods destruction shown in before and after photos

Satellite images and on-the-ground photos show the scale of destruction caused by the floods.

Biden administration announces $3 billion to reduce air pollution from US ports

The Biden administration on Tuesday announced $3 billion in funding through the Environmental Protection Agency (EPA) to reduce pollution and greenhouse gas emissions associated with U.S. ports. ...

Politics - The Hill - October 29

Import prices fall for second straight month in September, led by drop in cost of fuel

The U.S. import price index fell 0.4% in September, the Labor Department said Wednesday. This is the second straight monthly decline due to lower fuel prices.

Business - MarketWatch - October 16

Halloween chills are out as record-high temperatures are expected across the country

Halloween is expected far warmer than usual in many parts of the country. More than 30 cities across the Northeast could set new temperature records.

Walmart Holiday Shopping Plans Are Laid Months Before Black Friday

To prepare for ever-longer shopping season, thousands of employees were assembled for a retail jamboree in Florida’s August heat.

Business - The New York Times - 5 days ago

Nvidia’s stock secures first record in four months as customers seem locked in

One analyst says customers are in a “prisoner’s dilemma” that will keep them spending, while another was encouraged by recent Nvidia commentary on the company’s “moat.”

Business - MarketWatch - October 14

‘A disappointment to home buyers’: Mortgage rates surge to a two-month high

The 30-year mortgage rate is averaging 6.44%, Freddie Mac said in its latest weekly survey on Thursday.

Business - MarketWatch - October 17

Consumer Sentiment Among Older Canadians Hits 32-Month High

World - Yahoo News - October 21

10-year Treasury yield slips from 3-month closing high as buyers step in

Demand from overseas buyers of U.S. government debt helped push yields slightly lower on Thursday, but not far from their highest levels in two or three months.

Business - MarketWatch - October 24

Construction spending ticks up to four-month high in September

Construction spending rose 0.1% in September, the Commerce Department reported Friday.

Business - MarketWatch - 4 days ago

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