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Americans may now be working at age 70. When it comes to retirement, later may be better. Americans for the longest time have viewed the age of 65 to be the perfect time to stop working and retire. This makes sense because of social security, medicare benefits kick in, and historical practice had established it as the goal. The reason experts say people should wait till 70 is because working a few more years or drawing your social security benefits later can significantly boost your income.

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What's the deal with General Mills? A stockbroker had someone buy 300 shares of General Mills in 2016 at a share price of $71. In a years time, he had a 29 point loss. How can a blue chip company fall 40% in one year. It doesn't seem real and is extremely rare. A new stockbroker had him sell his shares and then buy another 300 shares because he thinks that General Mills is in a turnaround and could be in the price of 60's in the next 18 months.

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President Trump's bid to assist Chinese firm draws fire but raises hope. A company by the name of ZTE may have handed Trump some unexpected leverage in avoiding a trade war with Beijing. Trump tweeted "Too many jobs in China lost". The overture came just as Vice Premier Liu he is flying to Washington for talks aimed at a mutually harmful battle between the World's two biggest economies and just before U.S. companies plan to plead during three days of hearings for a resolution to the dispute.

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Kudlow: Trump-Xi 'bromance' could lead to a China trade deal. Larry Kudlow, director of the National Economic Council, continues to believe the U.S. and China can avoid a trade war. However, he said China has been acting like a "third-world nation" as it has continually violated World Trade Organization rules. He expressed hope that the "bromance" between President Donald Trump and China's President Xi Jinping will help bridge the gap.

https://www.cnbc.com/2018/05/15/kudlow-trump-xi-bromance-could-lead-to-a-china-trade-deal.html

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Business inventories fall flat of expectations. The Commerce Department's measure of business production saw no gains in March. The key technical indicator was expected to gain 0.1 percent in March, a survey of Reuters economists forecast. U.S. business inventories rose 0.6 percent in February.U.S. business inventories saw no improvement in March, falling short of economists' predictions. The Commerce Department's measure of business production remained flat in March at $1,929.6 billion. It was expected to gain 0.1 percent, a survey of Reuters economists forecast. Inventories were up 3.8 percent from the prior year.

https://www.cnbc.com/2018/05/15/business-inventories-fall-flat-of-expectations.html

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Weekly mortgage applications fall 2.7% even before rates spike. Mortgage applications fell 2.7 percent last week, the Mortgage Bankers Association says. Volume was 4.5 percent lower than a year ago. The weakness was most pronounced in applications to refinance a home loan.Borrowers may have missed an opportunity to get the last of the low rates, as it now appears interest rates are moving decidedly higher.

https://www.cnbc.com/2018/05/16/us-mortgage-refinancing-hits-the-lowest-level-since-aug-2008-mba.html

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At top of the Fed, a dispute on policy picks up steam. Federal Reserve Chair Jerome Powell's top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months. It could also determine how the Fed prepares for and combats the next economic downturn. Among the disputes is a debate over whether the economy has shifted into a higher gear. https://www.cnbc.com/2018/05/16/at-top-of-the-fed-a-dispute-on-policy-picks-up-steam.html

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US industrial production rose 0.7% in April, vs 0.6% increase expected. U.S. factory output rose in April. New estimates of manufacturing and overall industrial production showed less growth in prior months than initially believed. The data cast a shadow over the economic outlook. Overall industrial output expanded 0.7 percent in April and estimates of output in three of the previous four months were also lowered, including a sharply reduced estimate for February.

https://www.cnbc.com/2018/05/16/us-industrial-production-april-2018.html

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US housing starts total 1.287 million in April, vs 1.310 million starts expected. U.S. homebuilding tumbled in April and permits fell. The data suggested the housing market continued to tread water amid shortages of land and skilled labor. Housing starts dropped 3.7 percent to a seasonally adjusted annual rate of 1.287 million units in April, the Commerce Department said. https://www.cnbc.com/2018/05/16/us-housing-starts-april-2018.html

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Malaysia's post-election fiscal reforms could cause a deficit spike, strategist say. There are concerns that Kuala Lumpur's decision to abolish a goods and service tax and reintroduce a sales and service duty could hurt the economy's fiscal sheet. Hamish Pepper of Barclays predicts the fiscal deficit could increase to 4.3 percent of GDP next year, from 3 percent last year.Days after securing a stunning election victory, Malaysian Prime Minister Mahathir Mohamad's government has delivered a potentially risky fiscal maneuver by replacing the goods and service tax (GST) with a sales and service duty.
https://www.cnbc.com/2018/05/17/malaysia-elections-2018-gst-decision-raises-concerns.html

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In this article I read, It is describing the jobless claims are rising more than expected. It is at 220,000 when 215,000 total was expected. Unemployment is at it's lowest it is has ever been sense 1973. The four-week average of claims fell 18,250 between the April and May survey periods, suggesting solid job growth. Besides all this, job gains are slowing as employers are finding it hard to find skilled workers. https://www.cnbc.com/2018/05/17/us-weekly-jobless-claims-may-12-2018.html