China's response will be immediate, says Chinese foreign ministry spokesman
Imports rose 26% from a year ago to $187.9 billion, up from April's 21.5% growth
A top European Central Bank official said Wednesday that policymakers will begin discussions next week on withdrawing the bank’s bond-purchase stimulus—suggesting the ECB isn’t overly worried by the recent political upheaval in Italy. “Next week, the governing council will have to assess whether progress so far has been sufficient to warrant an unwinding of our […]
Americans boosted their spending by 0.6% in April, the biggest increase in five months, while a gauge of inflation remained at the Federal Reserve’s optimal level for a second straight month. The Commerce Department said Thursday that last month’s increase in consumer spending was the largest increase since a 0.7% rise last November. The gain […]
American consumers were feeling a bit more optimistic in May following a slight decline in confidence in April. The Conference Board, a business research group, said Tuesday that its consumer confidence index rose to 128.0 from a revised 125.6 in April. That follows March’s 127.0 and February’s 130.0, which was the highest reading since November […]
Companies reveal how much more bosses make than typical employees
A day after the Bank of England’s governor warned about the damaging consequences of a “disorderly” Brexit, official figures Friday confirmed that the British economy barely grew in the first three months of the year. The Office for National Statistics said the economy expanded by a quarterly rate of just 0.1% amid weak household spending […]
Federal Reserve officials earlier this month discussed a number of risks facing the economy, from rising wage pressures to possible harm from administration trade policies. But in the end, officials concluded that the Fed should be on track to keep hiking interest rates gradually. The minutes of the Fed’s May 1-2 meeting show that officials […]
After posting its highest growth in a decade during 2017, the 19-country eurozone lost some momentum at the start of the new year, largely because of temporary factors such as the “Beast from the East” cold weather phenomenon that gripped much of Europe in late winter. In its first estimate, Eurostat, the European Union’s statistics […]
China appealed to Washington on Thursday to avoid damaging business confidence following a report from The Wall Street Journal