Author: By Sho Chandra - Bloomberg News

Merchandise Trade Gap, Inventories May Weigh on US Growth

The second-widest U.S. merchandise trade deficit in two years and an April drop in inventories at wholesalers and retailers may weigh on the economy this quarter, according to preliminary figures May 25 from the Commerce Department in Washington.

Investment, Hiring Plans Show Rising US Business Optimism

A jump in U.S. investment and hiring plans for 2017 indicates manufacturers and service providers have grown more optimistic about the economy since late last year, the Institute for Supply Management’s twice-yearly forecast showed May 22.

Investment, Hiring Plans Show Rising US Business Optimism

A jump in U.S. investment and hiring plans for 2017 indicates manufacturers and service providers have grown more optimistic about the economy since late last year, the Institute for Supply Management’s twice-yearly forecast showed May 22.