A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in the month of April.The Commerce Department said the trade deficit increased to $74.6 billion in April from a revised $60.6 billion in March.Economists had expected the trade deficit to jump to $75.2 billion from the $64.2 billion originally reported for the previous month.The trade defi...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.