The goods trade gap contracted 46.0% to $87.6 billion last month, the Commerce Department’s Census Bureau said on Friday The U.S. trade deficit in goods narrowed sharply in April as the boost from the front-running of imports ahead of tariffs faded. The goods trade gap contracted 46.0% to $87.6 billion last month, the Commerce Department’s […]
U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators before engaging in crypto-asset and stablecoin activities. In addition, […]
The trade war launched by the Trump administration follows a longer-term pattern of geo-economic fragmentation, but it dwarfs all prior expectations. This column looks beyond the trade war, asking if, in a more fragmented global economy, official investors should continue to hold US federal debt to the same extent as before. The answer is likely […]
