US targets $1.3 billion in French imports in tech tax clash

WASHINGTON (AP) — The Trump administration on Friday announced plans to impose taxes on $1.3 billion in French imports — hitting handbags and makeup but sparing cheese and wine — in retaliation for Fr...

AP Explains: 5 key takeaways from a strong June jobs report

WASHINGTON (AP) — At first glance, the June employment report was a blockbuster. The U.S. economy produced a record 4.8 million added jobs last month, walloping expectations. And the...

US trade deficit rises 9.7% in May to $54.6 billion

WASHINGTON (AP) — The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce. ...

Orders for US big-ticket factory goods surge 15.8% in May

WASHINGTON (AP) — Orders to American factories for big-ticket goods rebounded last month from a disastrous April as the U.S. economy began to slowly reopen. The Commerce Department s...

US industrial production bounces back 1.4% in May

WASHINGTON (AP) — American industry rebounded last month as factories began to reopen after being shut down by the coronavirus lockdown in Aprll. The Federal Reserve said Tuesday tha...

US consumer prices fall 0.1% in May, third straight drop

WASHINGTON (AP) — U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession. The Labor Department said...

Survey: US factories sink in May for third straight month

WASHINGTON (AP) — American factories slowed for the third consecutive month in May as they continued to sustain economic damage from the coronavirus pandemic. The Institute for Suppl...

Orders for US big-ticket factory goods drop 17.2% in April

WASHINGTON (AP) — U.S. orders for big-ticket factory goods plunged for the second straight month in April as the coronavirus pandemic hammered the economy. The Commerce Department sa...

US home construction drops 30.2% in April as virus rages

WASHINGTON (AP) — U.S. home building plunged again in April, taken down by the economic fallout from the coronavirus pandemic. The Commerce Department said Tuesday that ground breaki...

Reports: World economy faces tough journey back from crisis

WASHINGTON (AP) — The world economy likely faces a long slog back from the coronavirus crisis. Two reports out Monday predict that global growth will struggle to bounce back from the...

Industrial production plunges unprecedented 11.2% in April

WASHINGTON (AP) — American industry recorded the biggest drop on record last month as factories, mines and utilities were all battered by the economic fallout from the coronavirus pandemic. ...

Risk of reopening US economy too fast: A W-shaped recovery

WASHINGTON (AP) — When the coronavirus erupted in the United States, it triggered quarantines, travel curbs and business shutdowns. Many economists predicted a V-shaped journey for the economy: A shar...

Chinese investment in US drops to lowest level since 2009

WASHINGTON (AP) — China’s direct investment in the United States fell last year to its lowest level since the Great Recession, even before the coronavirus pandemic shut down much of global commerce. ...

US trade gap rises to $44.4 billlion as virus slams commerce

WASHINGTON (AP) — The U.S. trade deficit rose in March as the coronavirus outbreak battered America's trade with the world. The gap between what the United States sells and what it b...

US manufacturing falls in April as virus ravages economy

WASHiNGTON (AP) — U.S. manufacturing retreated again in April, a victim of economic fallout from the coronavirus outbreak. The Institute for Supply Management, an association of purc...