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Goldman Sachs predicts U.S. GDP to shrink 5% in Sscond quarter

The U.S. economy will contract sharply in late March and April as consumers and businesses slash spending, with the short downturn likely be officially deemed as being a recession, according ...

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US economy grew at its weakest pace since Trump took office

US economy, Trump

The US economy in 2019 grew at its slowest pace in three years, according to preliminary data from the Commerce Department. The economy expanded by 2.3% last year, its lowest ...

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Trump’s tariffs hit US families

Trump’s tariffs hit US families

President Donald Trump’s trade war with China, until now mainly an abstraction for American consumers, is about to hit home. Beginning Sunday, the U.S. government will begin collecting 15% tariffs ...

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Thousands of Volvo workers face layoffs as Mack Truck sees first strike in 35 years

Thousands of Volvo workers face layoffs as Mack Truck sees first strike in 35 years

The United Auto Workers and AB Volvo-owned Mack Truck are set to resume contract negotiations on Monday as at least 3,500 hourly employees across three states continue to strike. Workers ...

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U.S. government deficit tops $1 trillion in 11 months, highest in 7 years

U.S. deficit tops $1 trillion in 11 months, highest in 7 years

The U.S. government deficit surpassed $1 trillion in the first 11 months of the current fiscal year, over $100 billion more than the same period last year, according to official ...

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Hiring has slowed: US employers hardly added a modest 130,000 jobs in August

U.S. employers added 130,000 jobs in August, a sign that hiring has slowed but remains durable amid economic weakness and President Donald Trump’s trade war with China. The job gain ...

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US economic weakness: manufacturing slowed in August

The American manufacturing sector contracted last month, a key measure showed on Tuesday, heightening fears that the trade war with China could bring on a recession. Manufacturing accounts for just ...

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Trump: General Motors must bring the jobs back home

President Trump stepped up his attacks on General Motors today and called on the company to move jobs back to the United States from overseas. Trump said in a tweet ...

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Trump’s tariffs hits US families

President Donald Trump’s trade war with China, until now mainly an abstraction for American consumers, is about to hit home. Beginning Sunday, the U.S. government will begin collecting 15% tariffs ...

Read More »

US new wave of tariffs for China

The US has imposed fresh tariffs on $112bn (£92bn) of Chinese imported goods such as shoes, nappies and food. The new tariffs are a sharp escalation in the bruising trade ...

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