trade

The U.S. trade deficit unexpectedly increased in May to $42.3 billion, from a revised figure of $40.3 billion in April. Imports outpaced exports in May, driven by increased demand for consumer goods and cars, the Commerce Department said. The average trade deficit for the three months ending in...

A report from the U.S. Treasury Department avoided naming China as a currency manipulator, saying instead that the yuan is "undervalued." The report said that the recent Chinese decision to end the peg to the dollar was a "significant step," and pledged to monitor the Chinese currency in the next...

General Electric Co. (GE) backtracked from comments reportedly made by CEO Jeffrey Immelt in which he criticized President Barack Obama and Chinese trade policy. In an article in the Financial Times, Immelt was reported as saying that Obama and U.S. business had a hostile relationship. The U.S....

Join ThredUp, an online clothing swapping site that recently branched out to include kidswear, and get two months of free swapping. The way the site works is you fill a box with gently used clothes that your child no longer needs, then offer it up for grabs. Meanwhile, you can pick a box of clothes...

If you think China's decision to unpeg its currency from the U.S. dollar was a good move, Gary Shilling says don't believe it. The economist who saw the subprime crisis coming warns that the move will have a number of unintended consequences.

While bright U.S. minds use financial ingenuity to build vast personal fortunes, China is investing capital to build a modern Silk Road to ship raw materials and finished products between East and West -- creating jobs and building real economic growth along the way.

Treasury Secretary Timothy Geithner told lawmakers Thursday China is making progress in addressing U.S. concerns over the glaring trade imbalance between the countries, but much works remains to be done to promote a level playing field between the nations.

April's trade report provides fodder for the bears, who will likely point to the month's 0.7% drop in exports as further evidence that international demand is not going to drive a self-sustaining recovery in the U.S.

U.S. consumer confidence rose for the third straight month in May, hitting its highest level in more than two years, as optimism regarding business conditions and the job market increased. But that trend could reverse in a hurry if Europe%u2019s debt crisis relapses.

Do you visit your local Starbucks every day? Do you go so often that you just might be the most frequent customer? Wish you could turn your addiction into a discount? Well there's great news: Starbucks has partnered with FourSquare to give mayors of Starbucks locations a discount. Foursquare is a...