Business

U.S. economic growth on track despite tariff concerns: Fed report

WASHINGTON (Reuters) - "Robust" business borrowing, rising consumer spending, and tight labor markets indicate the U.S. economy remains on track for continued growth, the Federal Reserve reported on Wednesday, with the risks of a global trade war the one

Business

Trade spat to dull expected tax cut boost to U.S. economy: Reuters poll

BENGALURU (Reuters) - The ongoing trade spat between the world's two largest economies will restrain the roaring U.S. economy, dulling an expected boost to growth from massive tax cuts passed through Congress just a few months ago, a Reuters poll found.

Top News

U.S. housing starts increase, single-family segment weak

WASHINGTON (Reuters) - U.S. homebuilding increased more than expected in March amid a rebound in the construction of multi-family housing units, but weakness in the single-family segment suggested the housing market was slowing.

Business

China's first-quarter economic growth beats expectations on firm consumption, property sector

BEIJING (Reuters) - China's economy grew 6.8 percent in the first quarter of 2018, slightly faster than expected, buoyed by strong consumer demand and surprisingly robust property investment despite continued measures to tame rising home prices.

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Automobiles drive U.S. retail sales higher in March

WASHINGTON (Reuters) - U.S. retail sales rebounded in March after three straight monthly declines as households boosted purchases of motor vehicles and other big-ticket items, suggesting consumer spending was heading into the second quarter with some mome

Science

India's weather office forecasts average monsoon rains in 2018

NEW DELHI (Reuters) - India is likely to receive average monsoon rains in 2018, the weather office said, raising the possibility of higher farm and economic growth in Asia's third-biggest economy, where half of the farmland lacks irrigation.

Business

JP Morgan's Dimon says U.S. economy still looks 'pretty good'

BOSTON (Reuters) - JPMorgan Chase Chief Executive Jamie Dimon said on Wednesday the U.S. economy still looked "pretty good" and that there was no law that says growth cannot continue.

Business

Federal Reserve policymakers all saw strengthening economy, inflation: minutes

WASHINGTON (Reuters) - All of the Federal Reserve's policymakers felt that the U.S. economy would firm further and that inflation would rise in the coming months, minutes of the central bank's last policy meeting on March 20-21 released on Wednesday showe

Business

Services, food boost U.S. producer prices in March

WASHINGTON (Reuters) - U.S. producer prices increased more than expected in March, boosted by rising healthcare and food costs, pointing to a steady buildup of inflation pressures.

World

China's Xi promises to lower tariffs this year, open economy further

BOAO, China (Reuters) - Chinese President Xi Jinping on Tuesday promised to open the country's economy further and lower import tariffs on products including cars, in a speech that comes amid rising trade tensions between China and the United States.

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U.S. job gains smallest in six months, wage growth picks up

WASHINGTON, (Reuters) - The U.S. economy created the fewest jobs in six months in March as the boost from mild temperatures faded, but a pickup in wage gains pointed to a tightening labor market, which should allow the Federal Reserve to raise interest ra

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U.S. job growth seen slowing in March, jobless rate likely fell

WASHINGTON (Reuters) - U.S. job growth likely slowed in March as the boost from mild temperatures faded, but the gains were probably more than enough to push the unemployment rate down to 4.0 percent, indicating the labor market continues to tighten.

Top News

U.S. trade deficit rises to near nine-and-a-half-year high; jobs market tightens

WASHINGTON (Reuters) - The U.S. trade deficit increased to a near 9-1/2-year high in February, with both exports and imports rising to record highs, but the shortfall with China narrowed sharply.

Business

Exclusive: Yellen gets post-Fed payday in private meetings with Wall St. elite

NEW YORK/SAN FRANCISCO (Reuters) - Janet Yellen visited Wall Street for a paid appearance two months after stepping down as Fed chair, discussing the economy and interest rates at an event hosted by investment bank Jefferies that included a sit-down dinne

World

Mexico presidency front-runner to investors: 'Don't be frightened'

MEXICO CITY (Reuters) - Mexican presidential front-runner Andres Manuel Lopez Obrador on Wednesday sent an open letter to investors, seeking to allay concerns he could damage the economy, and promising to run an austere, zero-deficit government.

Business

Strong economy, discounts boost automakers U.S. March sales

DETROIT (Reuters) - Major automakers on Tuesday reported higher new vehicles sales for March on the back of a strong U.S. economy and big consumer discounts, sending shares in Detroit's automakers up in morning trading.

Sport

Tiger economy roaring as Masters approaches

AUGUSTA, Georgia (Reuters) - Tiger Woods is back in Green Jacket contention and from country club bars to boardrooms, the former world number one is once again the tide lifting all boats in the golfing world.

World

As Hungary roars ahead, Orbanomics leaves some of the poorest behind

HOSSZUHETENY, Hungary (Reuters) - The pre-election fanfare over Hungary's stellar growth and surging wages hardly registers with Laszlo Reisch, an employee in a government works program who is stuck on the wrong side of a growing social divide.

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