The U.S. trade deficit narrowed sharply in January as exports surged to a record high and imports fell, a trend that if sustained, could see trade contributing to economic growth in the first quarter.
U.S. single-family homebuilding fell in January amid harsh winter weather, and a strong rebound is unlikely, with permits for future construction declining.
The Trump administration on Thursday sued the state of California, claiming the state's zero-emission vehicle and tailpipe greenhouse gas emissions rules are illegal and preempted by federal law.