Friday, April 14, 2017

U.S. Treasury Declines to Label Any Country a Currency Manipulator

The U.S. Treasury Department sharply criticized China’s exchange-rate policy, though it stopped short of labeling the Asian trade giant a currency manipulator.

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Confidence Is High but Economic Gains Are Elusive

Households, businesses and investors started the year riding a wave of rising expectations for growth with a new, business-friendly president in the White House, but the euphoria hasn’t translated quickly into broad economic gains.

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Stanford's Dave Donaldson Wins John Bates Clark Medal

Stanford University’s Dave Donaldson has won the American Economic Association’s John Bates Clark Medal as the most promising young American economist.

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U.S. Consumer Prices Fall 0.3% in March

Consumer prices declined broadly in March, a surprising sign of fading inflationary pressure after months of firming price growth across the U.S. economy.

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U.S. Retail Sales Fall For Second Straight Month

U.S. retail sales fell for the second straight month in March, marking the worst two-month stretch for the consumer-spending gauge in more than two years.

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Aluminum Giant Faces Fraud Allegations, Credit Squeeze

Fraud allegations prompted China Hongqiao Group’s accountant to suspend its audit, raising the specter of an investigation and credit crunch for a company at the center of U.S.-China trade tensions.

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Abbott, Alere Advance Merger With Reduced Price

Abbott Laboratories and Alere Inc. reached an agreement to move forward with their contentious merger, with Abbott—which had sought to wriggle out of the deal—paying a lower price.

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