Economic Decline

United States Trade Deficit Widens in July

Trade Deficit

July Increase in U.S. Imports Outweighs Increase in Exports The United States’ international trade deficit widened through the month of July as the country imported more goods than it exported. According to the latest trade data shared by the U.S. Department of Commerce, America’s international trade deficit grew by 1.7% in July, compared to June.

Connecticut Bleeding Red, Faces Budget Crisis

US state of connecticut flag with transparent dollar banknotes

Connecticut is one of the wealthiest states in the country, but it’s drowning in debt, and the governing Democrats aren’t entirely sure what to do about it. But they’ll need to work fast to pass a budget–either that or face implementing additional spending cuts to education and municipal aid across the state.

WPP Shares Crumple on Lowered Guidance

A blank white advertisement board on a motorway

Shares in WPP PLC (NASDAQ:WPPGY) crumped on Wednesday morning, falling by more than 12% as the ad agency reported weaker-than-expected ad buying from consumer goods companies, especially those in North America. The outlook doesn’t look good either, as the company lowered its full-year guidance.