U.S. Goods-Trade Gap Narrows

The shortfall in merchandise trade shrank 3.2 percent, to the smallest it's been in more than a year.

By Ana Monteiro | September 29, 2022 at 08:11 AM

Photo: Shipping containers at the Port of Los Angeles

The U.S. merchandise-trade deficit narrowed in August to the smallest since October 2021 as both imports and exports dropped, suggesting a tailwind for economic growth in the third quarter.

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2 U.S. Initial Jobless Claims Decline

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Federal Court Shuts down Expanded Overtime Pay Rule

By Michael Popke | November 21, 2024

According to a Texas judge, the U.S. Department of Labor overstepped its boundaries in raising the salary threshold.

Federal Court Shuts down Expanded Overtime Pay Rule

U.S. Initial Jobless Claims Decline

By Jarrell Dillard | November 21, 2024

Last week, unemployment applications fell to 213,000, the lowest level since April.

Treasury Department Flags Risks from New Cross-Border Payments Systems

By Christopher Anstey | November 21, 2024

Soon after BRICS leaders said they will build a cross-border payments system that bypasses Western platforms, a senior U.S. Treasury official warns that such a system would pose risks to international financial stability if it didn’t adhere to standards aimed at minimizing illicit activity.

Treasury Department Flags Risks from New Cross-Border Payments Systems

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