Trade gap slows U.S. recovery and job growth
The United States posts a nearly 50 billion dollar June trade deficit, with exports down 1.3 percent and imports up 3 percent. The gap’s size and overseas demand weakness threaten the second quarter’s 2.4 percent growth, while the manufacturing sector remains a bright spot. The EU deficit widened, and Wall Street slid as officials warned on the economy. President Obama signed a bill to cut tariffs on some imported materials to help U.S. producers.
MENTIONED IN THIS ARTICLE
Washington
United States
Nigel Gault
U.S
IHS Global Insight
Commerce Department
Asia
Europe
European Union
Paul Dales
Capital Econom
Ics
Wall Street
Dow Jones
Federal Reserve
Barack Obama
China economy cools as July growth slows and inflation rises
Beijing data show July industrial output growth at 13.4 percent, consumer prices up 3.3 percent led by a 6.8 percent rise in food costs. Analysts expect inflation to fade and growth to stabilize near the 8 percent target amid policy tightening and shifts toward domestic demand.
MENTIONED IN THIS ARTICLE
Beijing
China
Zhu Jianfang
Civie Securities
U.S
Australia
Brazil
Tom Orlik
Stone & McCarthy Research Associates
Statistics Bureau
Job Openings Fall For Second Straight Month In June
Washington reports June job openings fall to 2.54 million from 2.6 million May, with openings still well below pre recession levels. The JOLTS data show slow hiring and high competition, as unemployment sits near 9.5 percent and census job terminations distort figures.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Fac
Henry Mo
Credit Suisse
Credit card trafficker arrested in Nice
The DOJ says international card fraud suspect Vladislav Horohorin, known online as BadB, was arrested in Nice, France while trying to fly to Moscow. French authorities, with the U.S. Secret Service, detain him pending extradition to the United States.
MENTIONED IN THIS ARTICLE
DOJ
Washington
Justice Department
Nice
France
U.S
Secret Service
Vladislav Anatolievich Horo
Horin
Moscow
Horohorin
Badb
United States
Market In Review: Dow Jones Notes and Dividends
Market in Review item outlines Dow Jones activity and stock notes including dividends, SEC filings, past year performance, unit rights, bankruptcy or restructuring costs, and multiple fund fees. The fragment references market costs coverage and distribution worth.
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