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The Federal Reserve described economic activity as “strong” in a statement Aug. 1, the first time it has done so since it called it “quite strong” in May 2006 — in the late stages of the last economic expansion, shortly before the housing market drove the economy into meltdown.

BEIJING — China’s foreign minister said Aug. 1 that U.S. threats to hike tariffs run against the trend toward globalization and will hurt U.S. businesses and consumers.

WASHINGTON — The Trump administration says people would drive more and be exposed to increased risk if their cars get better gas mileage, an argument intended to justify freezing Obama-era toughening of fuel standards.

FRANKFURT, Germany — BMW’s profit fell 6% in the second quarter as it spent more on developing new technologies for electric, autonomous and digitally connected automobiles, the luxury carmaker said Aug. 1.

For the past five years, public firms across the United States have been searching out their supply chains for “conflict minerals” used to fund armed conflicts in Central Africa.

WASHINGTON — A recent move by the acting U.S. EPA administrator to reverse his predecessor’s order on an Obama-era rule on glider kits for trucks earned him praise from the top Democrat on the Senate Environment and Public Works Committee.

Violations for reckless driving and failure to yield right of way are the top two behaviors for predicting future crash involvement, according to analysis yielded from the American Transportation Research Institute’s updated Crash Predictor Model.

The New Jersey Department of Transportation announced July 31 that more than $47 million in grants has been issued for county bridge maintenance projects.

WASHINGTON — Spending on U.S. construction projects fell 1.1% in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years.

WASHINGTON — U.S. factories grew at a slower pace in July, but American industry remains healthy despite growing concern about trade conflicts.