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Jonnelle Marte is a reporter covering personal finance. She was previously a writer for MarketWatch and the Wall Street Journal.
A contraction in manufacturing is significant because it can have large ripple effects across the economy.
The growing deficit also comes as budget experts expect the economy to slow down.
The president pressured Federal Reserve Board Chair Jerome H. Powell to make deeper rate cuts, but most Fed officials want to see more data before rolling out further reductions.
The shift toward negative interest rates in some parts of Europe comes as central banks step up efforts to spark stagnant economies.
The findings reflect growing skepticism that the U.S. economy will be able to withstand a protracted trade war without serious harm amid a weakening global outlook.
Several analysts and investors express confidence in CEO Lawrence Culp to turn the company around.
A whistleblower who warned regulators about Bernie Madoff released a report alleging that General Electric is short on cash and hiding $38 billion in losses.
The yield curve has inverted before every U.S. recession since 1955, suggesting to some investors that an economic downturn is on the way.
The workers’ efforts to explore jobs at the meatpacking plants go against the notion that Americans have no interest in the gritty jobs often held by undocumented workers.
Under the long-awaited rule, companies will be banned from using arbitration agreements that block consumers from joining group lawsuits.