Transport Topics
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The effective enforcement of safety, repairing critical infrastructure and expediting the permitting process are priorities at the U.S. Department of Transportation that Elaine Chao said she will address if confirmed as transportation secretary in the Trump administration.
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Tighter monetary policy, a strong dollar and wage pressure will help tip the U.S. into recession in 2018, says Vadim Zlotnikov, chief market strategist and co-head of multiasset solutions at AllianceBernstein.
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The number of Americans filing applications for unemployment benefits rose more than expected to a six-month high last week, potentially reflecting seasonal swings in a still-healthy labor market.
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Orders for U.S. business equipment climbed more than forecast in November, a sign that corporate investment is starting to firm up.
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