A report released by the Commerce Department on Thursday showed the U.S. trade deficit surged by much more than expected in the month of November.The Commerce Department said the trade deficit widened to $56.8 billion in November from a revised $29.2 billion in October.Economists had expected the trade deficit to grow to $45.0 billion from the $29.4 billion originally reported for the previous mon...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.