economy and economic indicators

US trade deficit rises despite Trump's tariffs

President Donald Trump's tariffs were supposed to shrink America's trade deficit, but it has instead grown for five straight months and is on track to hit a record high before the end of the year.

Dow surges on Fed news

Federal Reserve chairman Jerome Powell gave investors reason to cheer on Wednesday when he suggested that the Fed may slow down its interest rate hikes.

Fed chair says economy is in 'good health' despite risks

America's economy is still growing robustly, but a string of possible outside shocks including President Donald Trump's protracted trade rift with China could trigger a downturn, according to a report released by the Federal Reserve on Wednesday.

Trump reiterates demand: $5B for wall or face shutdown

President Donald Trump reiterated his demand in a new interview that Congress appropriate $5 billion for a border wall, saying he would "totally be willing" to shut down the government if he doesn't get the funding.

Mueller office would continue work amid government shutdown

Special counsel Robert Mueller's office would still be able to continue working if the federal government shuts down next week as a result of lawmakers' inability to produce a spending package before funding expires for several government agencies.

Alabama mall gunman still at large

An armed 21-year-old man killed by an officer at a mall in Alabama on Thanksgiving night "likely did not fire" the shots that wounded two people and sent terrified shoppers running for cover, police said Friday.

Why Amazon's HQ2 might be better for New York than for Virginia

Amazon has pledged to bring 25,000 jobs that pay an average of at least $150,000 a year to both New York and Virginia in its East Coast headquarters expansion — but the big question is whether that prosperity will be limited to those with Amazon badges.