The numbers: The trade deficit in goods widened 7.7% in October to a five-month high of $99 billion, as a strong dollar and weakening global economy dented U.S. exports. The trade Read more
Tag: Exports
Philadelphia Fed’s manufacturing gauge sinks further in November
The numbers: The Philadelphia Federal Reserve said Thursday that its gauge of regional business activity sank to negative 19.4 in November from negative 8.7 in the prior month. Any reading Read more
Nvidia offers new chip alternative following U.S. restrictions against exports to China
HONG KONG—Nvidia Corp. has begun offering an alternative to a high-end chip hit with U.S. export restrictions to customers in China, after the new rules threatened to cost the American company hundreds of millions Read more
China’s October exports miss expectations as global demand weakens
BEIJING — China’s exports unexpectedly fell in October, dragged by weakening global demand, official data showed Monday. Outbound shipments declined 0.3% in October from a year earlier, compared with 5.7% Read more
U.S. trade deficit jumps to three-month high as strong dollar dents exports
The numbers: The nation’s trade deficit jumped almost 12% in September to a three-month high of $73.3 billion, as falling oil prices and a strong dollar dented U.S. exports. The Read more
South Korea’s Exports Fall First Time in Two Years
By Kwanwoo Jun South Korea’s exports fell in October for the first time in two years on weak global demand, as the country posted a trade deficit for seven months Read more
Intel CEO says U.S. crackdown on chip exports to China was ‘inevitable’
LAGUNA BEACH, Calif. — Intel Corp. INTC, +0.78% Chief Executive Pat Gelsinger said that recently imposed U.S. restrictions on semiconductor-industry exports to China were inevitable as America seeks to maintain technological leadership Read more
Japan’s exports rise 28.9% in September on auto, mineral fuels demand
Japan’s exports rose for the 19th month in a row in September, driven by strong demand for autos and mineral fuels, Ministry of Finance data showed Thursday. Exports rose 28.9% Read more
Wheat rallies to 3-month high as Russia’s attacks on Ukraine raise risks to Black Sea exports
Wheat rallied Monday, with futures prices for the commodity trading at their highest since late June, as Russia’s fresh barrage of attacks in Ukraine threatened exports of the grain through Read more
Biden official says ban on gasoline exports still on the table, as White House responds to OPEC+ supply cut
Top White House economic adviser Brian Deese said Thursday that a U.S. ban on exports of gasoline and other refined petroleum products still was under consideration, as Biden administration officials Read more
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