NEW YORK (Reuters) - U.S. stocks dropped on Thursday on rising tension in Ukraine, which helped erase earlier gains spurred by better-than-expected data on retail sales and the labor market.
The U.S. government is running a deficit that is 23.6 percent lower than in the same period a year ago through the first five months of this budget year, another sign of improvement in the nation's finances.
WASHINGTON (Reuters) - U.S. retail sales rebounded in February and new filings for jobless benefits hit a fresh three-month low last week, suggesting the economy was regaining strength after an abrupt slowdown caused by severe weather.
Dmitry Firtash, the Russia-linked Ukrainian oligarch, was arrested in Austria at the request of the US, a move seen in Kiev as an attempt by Washington to put pressure on Vladimir Putin over Moscow's intervention in Crimea.
At Thursday's hearing, from left: Stanley Fischer, Jerome H. Powell and Lael Brainard. Credit Mandel Ngan/Agence France-Presse - Getty Images.