Wall Street Watch: Greece’s Debt Drama, LinkedIn and NYSE Earnings
The Greek debt drama continues one day after Greece Prime Minister Lucas Papademos and his coalition government reached an agreement. Now European finance minister have listed conditions that the...
View ArticleU.S. Trade Gap Swells as Record Imports Offset Export Gains
The U.S. trade deficit widened more than expected in January as demand for oil rose despite higher prices, pushing imports to a record high, the Commerce Department reported on Friday. The trade gap...
View ArticleTrade Deficit: Here’s More Bad News for the U.S. Economic Recovery
Th U.S. has undergone a dismal, and potentially harmful, shift in exports, as shipments to many countries declined in the biggest drop in exports since January 2009. Imports have also hit a 1-1/2 year...
View ArticleDid the Economy Actually Grow Last Quarter?
According to the Commerce Department, the trade deficit reached its narrowest point in almost three years in December — $38.5 billion — suggesting that the economy actually grew last quarter. This...
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This Deficit Will Weigh on GDP Growth
The U.S. Department of Commerce reported on Thursday that the trade deficit widened from -$38.5 billion in December to -$44.8 billion in January, a 16.4 percent increase. Total January exports were...
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Petroleum Leads Unexpected Improvement In U.S. Trade Deficit
The U.S. trade deficit unexpectedly shrank in February, according to the U.S. Census Bureau. The U.S. International Trade In Goods and Services report, released on Friday morning, showed that the trade...
View ArticleWhat’s The Deal With China’s Trade Deficit?
On Wednesday, China’s General Administration of Customs reported that the nation ran a trade deficit of $880 million in March, the first in over a year. Officials reported that exports grew 10 percent...
View ArticleThursday’s Mid-Day Movers: 3 Stories Driving Markets
Mr. Market was in a good mood on Thursday as U.S. stocks advanced. As expected, the European Central Bank announced on Thursday that it will lower the interest rate on both the marginal lending...
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U.S. Natural Gas Surplus: To Export or Not To Export?
Campaign promises are one thing to make, but quite another to fulfill. That the promises were insincere, made simply to win the election, is one way to explain why a president’s pledges failed to...
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Will Trade Help or Hurt the Second-Quarter Economy as Deficit Widens?
The U.S. Bureau of Economic Analysis reported on Tuesday that the trade deficit increased from $37.1 billion in March to $40.3 billion in April. The increase was $0.9 billion less than forecast by...
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U.S. Trade Gap Widens, Threatens Second-Quarter GDP
The U.S. Bureau of Economic Analysis reported Wednesday that the trade deficit increased 12.1 percent from $40.3 billion in April to $45 billion in May. Total May exports declined $0.5 billion to...
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Wednesday Morning Cheat Sheet: 3 Stories Moving Markets
Markets were mixed in Asia on Wednesday. Japan’s Nikkei fell 0.32 percent to 14,731.30 following an unexpected increase in the nation’s trade deficit. The yen weakened to 100.105 against the dollar....
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Tuesday Morning Cheat Sheet: 3 Stories Moving Markets
Markets were mixed in Asia on Tuesday. Japan’s Nikkei index climbed 1 percent to 14,401.10, though the broader MSCI Asia Pacific Index (excluding Japan) fell 0.5 percent for the day. In Hong Kong, the...
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Gold Closes Below $1,300, Miners Take a Beating
On Tuesday, gold (NYSEARCA:GLD) futures for December — the most active contract — declined $19.90 to close at $1,282.50 per ounce, while silver (NYSEARCA:SLV) futures for September fell 20 cents to...
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Here’s Why the U.S. Trade Deficit Is Widening
Source: http://www.flickr.com/photos/epsos/ Data released on Wednesday morning show that the U.S. trade deficit increased in July. The U.S. Census Bureau reported a July deficit of $39.1 billion, an...
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U.S. Trade Deficit Widens on Petroleum Imports
Source: http://www.flickr.com/photos/s4intly/ The U.S. trade deficit increased by 8 percent in September, according to the Bureau of Economic Analysis. The BEA reported on Thursday that the U.S....
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Here’s Why a European Trade Surplus Is Good News for the Eurozone
The trade surplus of eurozone countries has increased dramatically this year as opposed to 2012, The Economic Times reports. According to data released on Monday by Eurostat, the European Union’s...
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Exports Hit Record High Heading Into the Fourth Quarter
Source: http://www.flickr.com/photos/epsos/ The U.S. trade deficit narrowed in October, according to data released by the Bureau of Economic Analysis on Wednesday. The trade gap shrank from -$43...
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U.S. Trade Gap Narrows to 4-Year Low in November
Source: epSos .de / Flickr The U.S. trade deficit narrowed in November, according to data released by the Bureau of Economic Analysis on Tuesday. The trade gap — the difference between total exports...
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China Claims Title of Top Trading Nation
China reported that total imports and exports surpassed $4 trillion in 2013, placing it ahead of the United States as the largest trading nation. Data from the General Administration of Customs say...
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