U.S.-China Trade Talks Hit Snag Over Farm Purchases
Trade talks between the U.S. and China have hit a snag over farm purchases, creating another obstacle as Beijing and Washington try to lock down the limited trade deal President Trump outlined last month.
Dow, S&P 500 End at Records Again
The Dow Jones Industrial Average advanced as investors parsed the latest headlines on U.S-Chinese trade talks and Federal Reserve interest-rate policy.
Fed's Powell Signals Comfort With Current Interest-Rate Stance
Federal Reserve Chairman Jerome Powell told lawmakers the central bank saw little need to cut interest rates further after making three reductions since July.
U.S. Budget Gap Hits $1 Trillion Over Past 12 Months
The U.S. budget gap grew 34% in the first month of the fiscal year as federal spending outpaced revenue growth, pushing the 12-month deficit past $1 trillion for the first time since February 2013.
Impeachment Inquiry: Trump Pressed U.S. Diplomat on Ukraine Probes
The House held televised presidential impeachment hearings for the first time in two decades, affording Democrats an opportunity to make the case to the nation that President Trump's dealings with Ukraine merit removing him from office and Republicans the chance to defend the president as acting to counter corruption in that country.
Lagging Retail Stocks Will Soon Face Next Big Test
Retail stocks have generally lagged behind the broader market this year, hurt by investor worries about store closures, tariffs and declining sales among bricks-and-mortar outlets.
Bank of Canada Expands Lending Toolkit
The Bank of Canada plans to expand its lending options with a new tool aimed at financial institutions experiencing short-term stress resulting from extraordinary events like a cyberattack or a natural disaster.
Auto Borrowing Rises Amid Low Interest Rates, Solid Economy
Americans are borrowing more for cars, a sign lower interest rates and a decadelong economic expansion are supporting purchases of large household items.
Bond Investors Bet On Rise in Inflation
Market-based measures of inflation expectations have climbed in recent weeks, lifted by investors' falling concerns about a near-term recession and growing comfort with riskier assets.
IEA Sees U.S. Shale Squeezing OPEC Influence
U.S. shale-oil production will reshape global energy markets in the years to come, the International Energy Agency said.