S&P Global Ratings revised the credit outlook for Australia's Woodside to "negative" from "stable" on Thursday after the energy company reached a final investment decision of $17.5 billion on its Louisiana liquefied natural gas project.

The US economy unexpectedly contracted in the first three months of the year, according to fresh data published Wednesday, due largely to a surge in imports as businesses and consumers

Donald Trump was elected on a pledge to fix all kinds of problems confronting the US economy, from stubborn inflation to a long-term decline in manufacturing jobs. He’s already declared that he’s off to the greatest start of a presidential term ever.

Trump's tariffs have stoked uncertainty among consumers and businesses. The U.S. economy shrank over the initial months of President Donald Trump’s second term as a flurry of tariff proposals stoked uncertainty among businesses and consumers.

President Donald Trump’s economic policies have already shrunk the U.S. economy for the first time in three years. A report released Wednesday by the official U.S. Bureau of Economic Analysis found gross domestic product had contracted last quarter by an annualized rate of 0.