Stacked containers and cranes are shown at the Port of Los Angeles in Los Angeles, California, U.S. November 22, 2021. REUTERS/Mike BlakeRegister now for FREE unlimited access to Reuters.comGoods trade deficit falls 0.9% in FebruaryRetail inventories increase 1.1%; wholesale up 2.1%WASHINGTON, March 28 (Reuters) – The U.S. trade deficit in goods narrowed in February after…Continue Reading

Get ready for Dan Campbell to reach new heights of coaching stardom later this year. The Detroit Lions will be the latest NFL franchise to appear on HBO’s training camp series, Hard Knocks. And that’s good news for viewers — the show is always at its best when there’s an entertaining coach at the helm of…Continue Reading

The dust is settling on the new U.S.-European Commission energy plan, so let’s explore some big themes that have emerged since President Biden unveiled it.Catch up fast: U.S. and European officials on Friday announced new joint efforts to help cut the continent’s reliance on Russian fossil fuels.One big effort is to boost the already expanding…Continue Reading

A majority of Americans believe President Biden has not been “tough enough” on Russia over its invasion of Ukraine but are concerned about the U.S. being drawn into an all-out war with Russia, according to a poll published on Monday by the Associated Press-NORC Center for Public Affairs Research.Why it matters: The results indicate that…Continue Reading

Facing a tight labor market, some big employers are revamping the way they conduct background checks on prospective employers, executives from screening companies said.Driving the news: Typically, employers will conduct a seven-year look-back into an applicant’s background — but now some are switching to a one-year look, said Ranjeev Teelock, chief product officer at First…Continue Reading

The U.S. housing market this spring selling season is looking like a multicar collision, a result of powerful forces crashing into each other.The big picture: Interest rates on home mortgages have spiked more rapidly than they have in decades, reducing affordability. Builders can’t get adequate supplies to construct houses more quickly. Yet strong income growth…Continue Reading

The invasion of Ukraine is adding heat to a long-simmering battle for control of global standards bodies, a rivalry that has pitted the U.S. and Europe against Russia and China.Why it matters: Global standards ensure that things like smartphones and laptops — and even the internet itself — work across borders.”Standard bodies are essential to…Continue Reading

Ukrainian President Volodymyr Zelensky said he’s looking for peace “without delay” when negotiations resume with Russian officials in Turkey this week, but “Ukraine’s sovereignty and territorial integrity are beyond doubt.”Driving the news: Zelensky’s comments in a televised address late Sunday came hours after he told Russian journalists that he was prepared to discuss adopting a…Continue Reading

Autonomous trucks could one day replace more than 90% of all highway trucking, which could have a profound impact on as many as 500,000 long-haul truckers, a new study found. Why it matters: Automation, and its potential impact on human labor, is a widespread concern for workers in many industries. While labor markets continually evolve,…Continue Reading