The U.S. current account trade deficit narrowed in the April-June period, pushed lower by an increase in American exports and cheaper oil imports. The Commerce Department said Tuesday that the deficit in the current account decreased 12.1 percent to $117.4 billion in the second quarter.
More expensive gas drove up consumer prices in August by the most in three years. But outside of energy costs, inflation was tame. The CPI rose a seasonally adjusted 0.6% last month, the first increase since March and higher gas prices accounted for 80% of the increase.
A unlimited bond-buying plan from the European Central Bank continued to buoy financial markets on Friday while worse-than-expected U.S. jobs data lifted expectations that the Federal Reserve will back another monetary stimulus.
Drivers are being hit with the biggest one-day jump in gasoline prices in 18 months just as the last heavy driving weekend of the summer approaches, thanks to Hurricane Isaac.
As Hurricane Isaac heads for the Gulf Coast, several oil refineries might have to temporarily shut down, which could drive up gas prices. To help you avoid that extra pain at the pump, we're revisiting some of our best advice on how to keep gas bills under control.
A dicey economy doesn't mean that fashion is out of fashion. Apparel designer PVH, owner of such brands as Calvin Klein and Tommy Hilfiger, posted better than expected quarterly results on Monday afternoon.
The U.S. trade deficit fell to its lowest level in 18 months in June, pushed down by a steep drop in oil imports and a small rise in exports. The trade gap narrowed to $42.9 billion in June, down from $48 billion in May, the Commerce Department said Thursday.
A new paper from Yale is drawing attention to exactly how much even a small shift toward natural gas would save consumers. And it has the potential to spark a major change in America's energy business.
Just a few years ago, most people around the globe viewed the U.S. as the world's leading economic power. Now, that title is passing to China, and here are 10 reasons why.
The U.S. trade deficit fell 3.8% to $48.7 billion in May, helped by cheaper oil and an increase in American exports to Europe and China. But economists cautioned that decline wasn't enough to alter weak growth forecasts for the quarter.
Oil prices hovered around 8-month lows near $80 a barrel Thursday after the U.S. central bank balked at implementing vigorous stimulus measures to boost waning economic growth and U.S. crude stockpiles rose unexpectedly.
Oil prices hovered below $93 a barrel Friday in Asia, pausing after the latest twists in Europe's debt crisis triggered a sharp two-week sell-off. Crude has plunged about 13% over the past two weeks.
Oil prices fell below $95 a barrel Monday in Asia amid investor concern that China's economy, the world's second-largest, is slowing faster than previously expected.
Crude oil futures have taken a hit lately, delivering an 8.6% slide to speculators over the past five trading days. On Tuesday, June crude settled at a three-month low.
Markets dipped Monday after official data confirmed that Spain is back in its second recession in three years. Investors had initially bid up stocks on hopes that the Fed would provide more stimulus to the U.S. economy.