Filed under: Economic Indicators, GDP, Global Economy, International Trade, World Markets Mark Lennihan/AP By Lucia Mutikani WASHINGTON — The U.S. current account deficit increased to its widest point in 1½ years in the first quarter as exports slumped and the surplus on primary income declined, the Commerce Department said Wednesday. The current account gap, which measures the flow of goods, ...Read More »
Tag Archives: U.S.
Published: December 20, 2013 1:21 PMBy THE ASSOCIATED PRESS Photo credit: AP | This NOAA satellite image taken on Dec. 20, 2013 shows a stationary front extending from northern New England to the Mid Mississippi Valley. Snow and freezing rain is occurring over the Great Lakes with light rain over the Ohio Valley and northern Missouri. A cold front is ...Read More »
Filed under: GDP, Global Economy, International Trade, Economy, Investing Ben Margot/AP By Lucia Mutikani WASHINGTON — The U.S. trade deficit narrowed in October as exports hit a record high, pointing to a pick-up in global demand that should help to support domestic growth in the fourth quarter. The Commerce Department said Wednesday the trade gap fell 5.4 percent to $ ...Read More »
UNESCO revoked the America’s right to vote in it’s council on Nov. 8, 2013, on account of its refusal to pay its dues to the international organization. The U.S. international influence took a hit Friday, after the UN Educational, Scientific, and Cultural Organization suspended America’s voting rights in the council. UNESCO deals with the tasks of designating World Heritage sites, ...Read More »
Filed under: Economic Indicators, Job Market, Manufacturing, Economy, Investing David Goldman/AP By Steven C. Johnson NEW YORK — U.S. service-sector business activity picked up in October and firms took on workers despite a partial government shutdown, but new order growth slowed for a second straight month, an industry report on Tuesday showed. The Institute for Supply Management said its services ...Read More »