Europe debt crisis

U.S. Trade Deficit Narrows to $50.1 Billion in April

The U.S. trade deficit shrunk in April, but only because a big drop in imports offset the first decline in U.S. exports in five months. Exports, which had hit a record the previous month, fell 0.8%, but imports, which also set a record in March, dropped an even faster 1.7%.

Rumors Swirl as Market Plunges on Debt Fears

Amid a market growing increasingly paranoid about Europe's debt crisis, errors were cited as the reason for Thursday afternoon's stock market plunge. But there is likely more to the story.