Industrial production declined in April by the most in eight months, reflecting broad-based cutbacks in U.S. manufacturing that show factories will provide little support for the economy.
International demand for U.S. stocks, bonds and other financial assets weakened for a second straight month in March as stronger economic outlook emboldened investors to take other risks.
Wholesale prices in the U.S. dropped in April by the most in three years, reflecting a decrease in fuel costs that is helping underpin profits.
Allies of President Barack Obama are warning the administration that it has been too slow in responding to a cascading set of scandals and risks letting Republicans define his second term and derail his agenda.
Manufacturing in the New York region unexpectedly shrank in May as factories received fewer orders and sales stagnated.
A gauge of U.S. corporate credit risk held as investors awaited reports that may show producer prices and industrial production declined last month.
China was granted observer status by the Arctic Council, giving the world’s second-largest economy more influence amid an intensifying search for resources in the globe’s most northern region.
Nintendo Co., maker of the Wii video- gaming system, won a U.S. appeals court ruling that makes it harder for patent-licensing companies to seek an import ban on products as a way to demand royalties.
Russian authorities are expelling a U.S. official they accused of being a CIA officer who offered a member of the special services in Moscow as much as $1 million a year for information.
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