This week, data releases will shine a light on U.S. job growth in April and the trade gap for March, plus offer updates from the manufacturing sector in the U.S., China, Japan and other major economies.
The Obama administration delivered a shot across the bow to Asia’s leading exporters and Germany for their economic policies and warned that a number of major economies around the globe could face intense pressure to engage in currency interventions to counter slow growth.
Volkswagen has reached the broad outlines of a deal with U.S. authorities over its diesel-emissions scandal. U.S. owners of nearly 500,000 2-liter diesel vehicles could see payments and a buyback under a coming court settlement.
A report by the Consumer Financial Protection Bureau offers clues to details of sweeping payday-loan regulations the agency plans to propose this spring. Officials indicated the rule would place limits on when and how lenders can gain access to the money in consumers’ bank accounts.