President Trump stands a chance of creating a new economic world order in his China trade fight, says economist Mohamed El-Erian.
Consumer sentiment rocketed to its highest level in 15 years in early May as Americans grew more upbeat on the health of the economy and its path in 2019, according to data released Friday
China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China's state-led economic model.
U.S. business inventories were unchanged in March as sales increased by the most in more than two years, which could ease concerns of a broad build-up in inventories in the economy.
Even amid substantial bouts of market tumult, Minneapolis Fed President Neel Kashkari sees the U.S. as holding the upper hand in its trade showdown with China.
U.S. consumer prices rose moderately in April and underlying inflation remained muted, supporting the Federal Reserve's projection of no further interest rates increases this year.
U.S. job openings rebounded sharply in March, while the pace of hiring was little changed, pointing to a growing worker shortage that could slow employment growth this year.
Berkshire Hathaway Chairman and CEO Warren Buffett said Monday stocks are a huge bargain if interest rates remain at their low levels.