U.S. trade deficit drops to 5-month low and could add to GDP. Exports hit record high.

The U.S. trade deficit sank almost 11% in August because of lower imports of oil and new cars, potentially giving a boost to the official measure of economic growth in the third quarter.

Previous post PepsiCo’s stock dips after revenue lags estimates and company trims guidance
Next post Brent falls below $80 as oil rally pauses, traders await Israeli response to Iranian missile attack