The U.S. military is deploying the USS Abraham Lincoln Carrier Strike Group and a bomber task force to the Central Command region in the Middle East to send a "clear and unmistakable message" to Iran, national security adviser John Bolton said in a statement Sunday.
President Donald Trump on Sunday revived a threat to impose a 25 percent tariff on essentially all Chinese goods in order to prod Beijing into moving more quickly to reach a trade deal.
U.S. stocks rose in a broad-based rally on Friday as stronger-than-expected job growth in April coupled with muted wage gains left investors upbeat about the outlook for the economy and interest rates.
U.S. worker productivity increased at its fastest pace in more than four years in the first quarter, depressing labor costs and suggesting inflation could remain benign for a while.
U.S. labor costs increased steadily in the first quarter as a jump in transportation and manufacturing wages was offset by small gains elsewhere, pointing to moderate inflation pressures even as the labor market tightens.
U.S. consumer spending increased by the most in more than 9-1/2 years in March as households stepped up purchases of motor vehicles, but price pressures remained muted, with a key inflation measure posting its smallest annual gain in 14 months.
The Federal Reserve is expected to hold interest rates steady at its policy meeting this week as policymakers balance recent stronger-than-expected U.S. economic growth against sluggish inflation.