he U.S. economy grew at its slowest pace in nearly two years as a jump in imports to meet still-strong consumer spending widened the trade deficit.
Read More US economic growth slows in first quarter; inflation surges
Tag: Trade deficit
US single-family housing starts jump to more than 1-1/2-year high
Declining mortgage rates and incentives from builders are likely to draw potential buyers back into the housing market.
Read More US single-family housing starts jump to more than 1-1/2-year high
Oil drops on demand worries after US gasoline inventories swell
Oil prices fell by 2.5% as a bigger-than-expected rise in U.S. gasoline inventories worried markets about demand.
Read More Oil drops on demand worries after US gasoline inventories swell