The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending barely increased and businesses invested less on inventories, in a potential setback to President Donald Trump's promise to boost growth.
China on Thursday welcomed an apparently softer tone by the United States on the North Korean nuclear and missile crisis but stressed its opposition to a U.S. missile defense system being deployed in South Korea.
A draft executive order to withdraw the United States from the North American Free Trade Agreement is under consideration, a senior Trump administration official said on Wednesday, confirming an earlier report from Politico.
The United States will impose preliminary anti-subsidy duties averaging 20% on imports of Canadian softwood lumber, Commerce Secretary Wilbur Ross said on Monday, escalating a long-running trade dispute between the two neighbors.
President Donald Trump's zeal to unveil a tax plan before his 100th day in office is raising questions about just how thorough his "tax reform" plans will be, amid signals that his focus, for now, is on slashing tax rates.
U.S. stocks rallied on Thursday, with the Nasdaq closing at a record, as a round of solid earnings led by American Express pushed equities higher. The credit card company closed up 5.9% as the top boost to the Dow Industrials after reporting a smaller-than-expected drop in quarterly profit late Wednesday.
China stocks tumbled more than 1% on Monday in their worst day this year amid signs that Beijing will tolerate further market volatility as regulators increasingly clamp down on shadow banking and speculative trading.