Opinion: The record $1 trillion trade deficit doesn’t even count hundreds of millions of small packages mailed directly from China

It looks like the United States just set a record in 2021—and not a good one. When complete December data comes out on Feb. 8, it will mark the first time the nation ever racked up an annual goods trade deficit exceeding $1 trillion. That’s a staggering sum, and it represents a massive, ongoing shift … Read more

Microsoft stock turns green after strong sales forecast, reversing a post-earnings decline

Microsoft Corp sales topped $50 billion for the first time in the holiday quarter of 2021, and a stock slump turned around in late trading Tuesday after the software giant forecast stronger revenue in the current quarter than analysts had expected. Microsoft MSFT, -2.66% It reported fiscal second-quarter earnings of $18.8 billion, or $2.48 a … Read more