Service providers from construction companies to retailers expanded in May at the fastest pace in nine months, signaling a broad-based rebound in the U.S. economy after a dismal first quarter.
U.S. stocks fell for the third time in four days as American International Group Inc.’s profit disappointed investors and Twitter Inc. slumped. The euro and Spanish bonds gained on signs economies are strengthening.
Federal Reserve Chair Janet Yellen testifies this week to the Joint Economic Committee of Congress on monetary policy and the U.S. economic outlook.
Gold futures slid from a three-week high as signs of an improving global economy reduced the appeal of haven assets.
Chinese Commerce Minister Chen Deming said the U.S. trade deficit with China isn’t a result of the value of the Chinese currency.
The U.S. trade deficit widened more than forecast in November as American exports declined and companies stepped up imports of crude oil and automobiles.
U.S. stocks fell for the third time in four days as Twitter Inc. led a selloff in Internet shares while American International Group Inc. dragged down financial companies.
Harris Says U.S. Trade Deficit Is 'Transitory'