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Treasury’s Mnuchin on tax reform: ‘Our objective is to get it done this year’

Mnuchin said the Trump administration hopes to pass a plan to overhaul the U.S. tax system by the end of the year. [...]

US industrial production posts biggest gain since 2014

American industry expanded production last month at the fastest pace in more than three years as manufacturers and mines recovered from a March [...]

US housing starts fell 2.6% in April

Construction of new homes fell for a second straight month in April, pushing activity to the lowest point in five [...]

Trump administration gives some hints about its infrastructure plan

Trump's infrastructure plan will call for $200 billion in taxpayer money to generate $1 trillion in private [...]

The worst news for the economy might be coming from banks, not retail

Despite high levels of economic confidence, one indicator shows that has not translated into much action [...]

Op-Ed: Trump’s quick to fire, but slow to hire, and that’s creating a massive security risk

Trump doesn't have a plan — or people — in place for key domestic and foreign policies, writes Kevin [...]

Chinese imports could imperil 65,000 US jobs in the latest industry under threat

Oxford Economics found that if Chinese state-owned enterprises took more of U.S. freight railcar production, U.S. jobs and GDP could take a big [...]

Trump reassures farmers immigration crackdown not aimed at their workers

Trump said at a roundtable that he did not want to create labor problems for [...]

Home builder sentiment bounces back — but buyers are telling another story

After slipping in April, home builder sentiment rose two points in May to the second-highest level since the [...]

If Trump doesn’t deliver, the market ‘backlash could be significant,’ warns global investor Barry Sternlicht

If Trump's policies don't succeed "the backlash could be significant," the Starwood Capital Group founder tells [...]

New York manufacturing shrank in May as new orders fall

Manufacturing in New York state shrank for the first time in seven months in May, as new orders fell and shipments grew more [...]

These are the best cities for first-time homebuyers

Zillow looked at five metrics to determine which housing markets would serve first-time buyers best. [...]

US retail sales bounced back in April after sluggish winter

Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded from two sluggish [...]

Consumer prices rebounded 0.2% in April

Consumer prices rebounded moderately in April as energy prices climbed back up after a sharp decline in March.

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American banks may face new competition from Chinese firms under new US-China trade deals

It would depend on China complying with U.S. standards, the Commerce secretary tells [...]

US administration excited about trade policies after China agreement, says Mnuchin

Mnuchin emphasized the Trump administration's excitement after the U.S. and China announced a series of trade [...]

Trump’s ‘massive’ tax plan is speeding straight ahead toward a brick wall

Trump's "phenomenal" tax overhaul plan is falling short of expectations, Vanity Fair [...]

Trump: Debt and deficits will rise, but it’s all in the name of growth

Trump believes that the growth generated from reforms will help spur business out of its post-Great Recession [...]

US jobless claims fall; continuing claims lowest since 1988

First-time claims for state unemployment benefits were expected to total 245,000 in the most recent week, up from the 238,000 claims reported for the week [...]

Wholesale prices jumped in April

Inflation at the wholesale level jumped in April by the largest amount in three months, fueled by rising prices of food and [...]

Top Fed official heaps praise on globalism, says isolationism ‘will fail’

New York Fed President William Dudley's remarks come at a time when open borders have come under increasing [...]

Trump says he may release tax return when he’s left the White House

Trump suggested he may release his tax returns on leaving the White House, according to an interview with The [...]

Trump’s firing Comey is a setback to his economic agenda

The takeaway for the stock markets: don't bet on any quick legislation around trade, the budget, health care or [...]

In a blow to Trump’s radical trade agenda, Sens McCain, Sasse oppose his anti-NAFTA trade rep pick

McCain and Sasse said they would vote against President Donald Trump's nominee for U.S. trade representative, Robert [...]

Import prices increase for fifth straight month

Prices increased more than expected in April amid rising costs for petroleum products and a range of other goods, which could help boost domestic [...]

Import prices increase for fifth straight month

Prices increased more than expected in April amid rising costs for petroleum products and a range of other goods, which could help boost domestic [...]

Mortgage applications rise 2% as more buyers hit the spring market

The gains are slow and small, but mortgage volume is beginning to improve again, as more homebuyers sign on the dotted [...]

Mortgage applications rise 2% as more buyers hit the spring market

The gains are slow and small, but mortgage volume is beginning to improve again, as more homebuyers sign on the dotted [...]

Job openings stay steady in March, Labor Department says

The number of openings was at 5.7 million on the last business day of the month, the monthly JOLTs report said. [...]

Goldman says U.S. economy may be slowly growing into the longest expansion in history

Since the financial crisis, the economy has never been called robust, but it may be in the longest expansion on record, with a couple more years to go. [...]

Buffett says Trump hasn’t had much effect on the economy yet

Billionaire investor Warren Buffett said Monday President Donald Trump has not contributed much to U.S. economic growth so [...]

Fed’s goals largely met, US rate hikes on track: Cleveland Fed’s Mester

The Fed has now met its employment goal and is nearing its inflation goal, despite some weak recent economic data, Cleveland Fed President Loretta Mester [...]

St Louis Fed’s Bullard says demand for safe assets is what’s keeping rates low

Continued strong demand for safe assets along with sluggish growth in the U.S. workforce will hold down U.S. interest rates for the foreseeable future, Bullard [...]

Republican health-care bill will ‘cut the hell out of taxes’ for the rich, says Warren Buffett

The billionaire investor says the Republican health-care bill that recently passed the House would cut his [...]

BIG BEAT: US posts strong jobs gains across the board

The number of nonfarm jobs created in April was expected to total 185,000, up from the 98,000 jobs reported a month [...]

Warren Buffett: I’m a ‘broken record’ on the US economy, we’re stuck at 2% growth

The Berkshire Hathaway CEO tells CNBC he's unfazed by the weak economic growth recorded in the first [...]

Apple’s investing $1 billion to expand US jobs—here’s how many it’s created so far

Apple's reach stretches far beyond manufacturing jobs, and the tech giant is not stopping [...]

AT&T CEO says a corporate tax cut would mean thousands more jobs for ‘hard hat’ workers

"Lower taxes drives more investment, drives more hiring, drives greater wages," Randall Stephenson tells CNBC. "All of this fits [...]

US trade deficit improves slightly in March

The U.S. trade deficit improved slightly in March amid broad declines in both imports and exports, government data showed on [...]

US productivity contracts in first quarter; labor costs rise

U.S. worker productivity unexpectedly fell in the first quarter, leading to a jump in labor-related [...]

US jobless claims fall, continuing claims hit 17-year low

First-time claims for state unemployment benefits were expected to total 247,000 in the most recent week, down from the 257,000 claims reported a week [...]

Puerto Rico announces historic debt restructuring in court

Gov. Ricardo Rossello said Wednesday that a federal control board overseeing the island's finances has agreed with his [...]

Home prices will not fully recover until 2025, and a new report explains why

Price gains during the last boom were juiced almost entirely by a loose mortgage lending market that no longer [...]

US services sector growth picks up pace in April, ISM report shows

A reading above 50 indicates expansion in the service sector, and a reading below 50 indicates [...]

Private sector job creation cooled in April following March’s big jump

Job creation in the private sector cooled off in April but was still in line with what Wall Street had been [...]