AstraZeneca seeks approval for its new drug, which utilizes antibodies—for a potential alternative to vaccination. In a record-high trade deficit, Americans bought more foreign goods and services than ever in August. What does that say about the economy? In China, another real estate company says it can’t pay its debts, fueling concerns about China’s property…
US Trade Deficit Hits Record High as Consumer Goods Imports See Sharp Rise
The U.S. trade deficit in goods and services rose to a record high in August, largely on the back of a rise in imports as businesses continued to build up inventories in response to strong consumer demand. The Commerce Department said in an Oct. 5 statement (pdf) that the trade deficit—the difference between exports and…
Selling American: Helping Small Producers Go Global—A Conversation With Mickey’s CEO Alex Rabens
The U.S. trade deficit has never been bigger, and it’s only growing. While Americans are stocking up on foreign-made goods, in return, foreigners are stocking up on American real estate, stocks, and government debt. But an innovative new American start-up just got $10 million in funding to help narrow the gap. Mickey is an online…
NTD Business Full Broadcast (Aug. 5)
President Biden announces an ambitious goal: he wants half of all vehicles sold in 2030 to be emission-free. A few industry executives were invited, but there was one notable absence. The U-S trade deficit jumped to a record high in June. What’s behind it? And the world’s second most valuable blockchain, Ethereum, gets a major update. We look at…
Import Surge Sends US Trade Deficit to Record High
The U.S. trade deficit in goods and services rose to a record high in June largely on the back of a surge in imports as businesses built up inventories to meet robust consumer demand. The Commerce Department said in a release Thursday (pdf) that the trade deficit—the difference between exports and imports of goods and…
NTD Business Full Broadcast (Mar. 5)
The February jobs report is out, and it’s way better than expected. Is the economy coming back? The U.S. sees an almost record high trade deficit. How serious is the problem? Will we have to pay more for coffee soon? Coffee roasters face higher costs, and some are considering passing it on to their customers.
NTD Business Full Broadcast (March 5)
The February jobs report is out, and it’s way better than expected. Is the economy coming back? The United States sees an almost record high trade deficit. How serious is the problem? Will we have to pay more for coffee soon? Coffee roasters face higher costs, and some are considering passing it on to their…
Costs Rise as Cargo Ships Backlogged at LA Ports
The twin ports of Los Angeles and Long Beach are facing one of the worst backlogs they’ve ever seen, as dozens of cargo ships wait at anchor in San Pedro Bay. Together, they handle as much as 40 percent of the nation’s imports. A combination of trade wars, tariffs, the COVID-19 pandemic, and a shift…
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