Stock Selloff Deepens Amid Trump Trade Jabs
The selloff in U.S. stocks deepened April 6 as the White House’s latest trade bluster rattled global financial markets.
Treasury Secretary Steven Mnuchin Says There’s ‘Level of Risk’ of US-China Trade War
Treasury Secretary Steven Mnuchin said there is “a level of risk” that the tariff dispute between the United States and China will erupt into a full-scale trade war, though he’s “cautiously optimistic” that the world’s two largest economies will resolve differences through negotiations.
Consumer Credit in US Rises by Lowest Amount in Five Months
U.S. consumer debt rose in February by the least in five months as credit card balances stalled, indicating Americans’ appetite for borrowing waned further after a fourth- quarter shopping spree.
Manufacturers Add 22,000 Jobs in March
President Donald Trump argues that he’s getting tough on China’s trade practices to keep domestic manufacturers from dying. One hole in that argument: American factories are coming back to life on their own.
Payrolls Rise Below-Forecast 103,000 as Wages Pick Up
U.S. hiring cooled in March after a strong February while wages picked up, returning labor-market progress to a more sustainable pace that keeps the Federal Reserve on track for further interest-rate increases.
April 6, 2018China Vows to Fight Trump Tariffs ‘to the End’ as Tension Rises
President Donald Trump said the current trade spat with China may hurt the markets in the short term but that America will emerge stronger from it, as a confrontation that has roiled global equities heats up between the world’s largest economies.
Ford Concerned NAFTA Rule Changes Wouldn’t Preserve US Jobs
Ford Motor Co., the largest producer of cars and trucks in the United States, remains concerned about major modifications to the North American Free Trade Agreement, even after President Donald Trump’s negotiators were said to have softened demands.
Republicans Warn Trump a Trade War Risks Party’s Chances in November
Republicans are warning President Donald Trump that a trade war with China would deal an economic blow to politically important areas of the country that will cost the party in November’s congressional elections.
Jobless Claims Rise to Highest in Almost Three Months
U.S. filings for unemployment benefits rose more than expected last week to the highest in almost three months amid holidays that may have played a role in the increase, Labor Department figures showed April 5.
Consumer Comfort Climbs to 17-Year High on Finances
U.S. consumer sentiment advanced last week to a 17-year high as greater optimism about household finances and the buying climate more than offset a deterioration in views about the economy, the Bloomberg Consumer Comfort Index showed April 5.
April 5, 2018