Economics

U.S. Economy May Have Grown Only 0.7% in First Quarter

April 28, 2017 at 3:04 PM

Real gross domestic product in the U.S. expanded by an annualized 0.7% in the first quarter of 2017 compared with 2.1% growth in the final quarter of 2016, the government’s Bureau of Economic Analysis reports.

Trump Discounts Report He Might Quit NAFTA

April 27, 2017 at 12:00 AM

President Donald Trump reiterates his intent to renegotiation but not abandon the North American Fair Trade Agreement, rejecting a report to the contrary on Wednesday by Politico LLC.

No NAFTA Update Likely Until Mid-2018?

April 24, 2017 at 3:11 PM

An updated version of the 23-year-old North American Free Trade Agreement isn’t likely until about July 2018, according to Thomas Donohue, CEO of the U.S. Chamber of Commerce.

OPEC Moves toward Extending Production Quotas on Oil

April 20, 2017 at 4:15 PM

Saudi Arabia’s energy ministry says the Organization of the Petroleum Exporting Countries is likely to continue the cartel’s oil production quota into the second half of 2017 when the cartel meets next month.

U.S. Fuel Prices at Record High for 2017

April 18, 2017 at 1:59 AM

The average price of a gallon of unleaded gasoline in the U.S. rose to $2.41 this week, up 12 cents from a month ago and 30 cents from a year ago, according to AAA.

Economic Sentiment Climbs Again in Germany

April 11, 2017 at 9:35 AM

Optimism among financial experts in Germany’s future economic growth rose to a 20-month high this month, according to the closely watched ZEW Indicator of Economic Sentiment.

Auto Output Drives Japan’s Industrial Gain

March 31, 2017 at 4:31 PM

Japan’s carmakers hiked domestic production nearly 5% in February, helping to deliver a 2% gain for the country’s industry output from January to February, according to preliminary government data.

Trump Signals Willingness to Tweak, Not Replace, NAFTA

March 30, 2017 at 5:29 PM

The Trump administration proposes relatively minor adjustments to the North American Free Trade Agreement, a pact President Donald Trump described during his campaign as a “disaster.”

U.S. Economy Grew 2.1% in Fourth Quarter

March 30, 2017 at 4:52 PM

The U.S. gross domestic product expanded by an annualized 2.1% in last year’s fourth quarter, up from an earlier estimate of 1.9% for the period, the Dept. of Commerce reports.

U.K. Begins EU Exit Process

March 29, 2017 at 12:17 PM

Today the U.K. formally notified the European Union that it will quit the 27-nation group.

OPEC Urges Oil Producers to Heed Vow to Cut Output

March 27, 2017 at 1:05 AM

Oil prices will remain depressed unless producers make good on last November’s pledge to trim output, the Organization of the Petroleum Exporting Countries warns.

Eurozone Business Activity Near 6-Year High

March 24, 2017 at 2:49 PM

Business activity in the eurozone grew this month at its fastest pace since May 2001, according to the Markit Composite Purchasing Managers’ Index.