The ascent of the dollar is proving almost unstoppable. While U.S. President Donald Trump lamented its strength on Twitter, the greenback continued to surge Aug. 19, taking a Bloomberg index of the U.S. currency to its highest level of 2019.
August 19, 2019Search
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Diesel Falls 1.7¢ to $2.994 in Sixth Consecutive Decline
The U.S. average retail price of diesel dropped 1.7 cents to $2.994 a gallon, the Department of Energy reported Aug. 19. Crude oil prices lifted moderately to pass $56 a barrel as U.S.-China trade tensions eased somewhat, while a drone attack on an oil field in Saudi Arabia rekindled concerns over the oil supply chain.
August 19, 2019Trump Says US Is Talking With China but Not Ready for Deal
President Donald Trump said the United States is “doing very well with China, and talking!” but suggested he wasn’t ready to sign a trade deal, hours after his top economic adviser laid out a potential timeline for the resumption of substantive discussions with Beijing.
August 19, 2019FRA Announces $244 Million in Grant Availability
More than $244 million in grants is available for projects that improve safety, efficiency and reliability, federal railroad regulators announced this month.
August 19, 2019USDOT Appoints Mala Parker Acting Deputy Administrator of FHWA
Mala Parker’s portfolio at the Federal Highway Administration will include the role of acting deputy administrator, the U.S. Department of Transportation announced Aug. 15.
August 16, 2019China Ramps Up Brazil Soybean Imports, Rebuffing US Crops
China is stepping up its soybean buying in Brazil as growers in Argentina continue to hoard and the Asian nation avoids American oilseed after an escalation in trade tensions between Washington and Beijing.
August 16, 2019Fed Survey Finds Tariffs Pushing Up Prices, Pinching Profits
A new survey by the Federal Reserve Bank of New York found a growing conviction among businesses that President Donald Trump’s tariffs were hitting their bottom line.
August 16, 2019Economic Concerns Send US Consumer Mood to Seven-Month Low
U.S. consumer sentiment plummeted to a seven-month low in August on growing concerns about the economy even as the labor market shows few signs of weakening from robust levels.
August 16, 2019Deere Cuts Outlook for the Year Due to Flooding, Trade War
Deere & Co. cut its profit expectations for the year as beleaguered farmers and an escalating trade war with China cut into sales.
August 16, 2019°®¶ą´«Ă˝ Construction Fell 4% in July
WASHINGTON — U.S. housing starts fell 4% in July, driven by a decline in the construction of apartment buildings.
August 16, 2019