Photo of Chinese Ministry of Commerce spokesman Gao Feng

Hopes Rise That Lifting Tariffs Could Allow US-China Accord

BEIJING — Prospects appear to have brightened for a preliminary breakthrough in the U.S.-China trade war after the two sides agreed to reduce some punitive tariffs on each other's goods as part of an initial agreement. A Chinese spokesman announced the deve...
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US Durable Goods Orders Fall 1.1% in September

WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods tumbled in September by the largest amount in four months while a closely watched category that tracks business investment fell for a seco...
Photo of Jerome Powell

A Divided Fed Cuts Key Interest Rate for 2nd time This Year

WASHINGTON — A sharply divided Federal Reserve cut its key benchmark interest rate for a second time this year while saying Wednesday that it's prepared to continue doing what it deems necessary to sustain the U.S. economic expansion. The Fed's move will redu...
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US Stocks Move Higher as China Eases Trade Tensions

Stocks rose broadly on Wall Street in afternoon trading Wednesday as investors welcomed China's move to exempt some U.S. products from a recent round of tariffs. Technology, health care and communication ser...
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US Hiring Slow but Steady Amid Trade War and Global Weakness

WASHINGTON — U.S. employers added a modest 130,000 jobs in August, a sign that hiring has slowed but remains durable in the face of global economic weakness and President Donald Trump's trade war with China. The unemployment rate remained 3.7% for a third s...
Photo of specialist James Denaro at the New York Stock Exchange

US Stock Indexes Slide as China’s Currency Hits 11-Year Low

NEW YORK — U.S. stocks nosedived in morning trading on Wall Street Monday as China's currency fell sharply and stoked fears that the trade war between the world's two largest economies would continue escalating. China let its currency, the yuan, sink to an ...