Scott Horsley

The outbreak of a coronavirus that began in China is shining a spotlight on that country's growing connections to the global economy. The economic fallout is still very much a question mark.

The Commerce Department says the U.S. economy grew 2.3% last year. That's slower than the previous year and well below the Trump administration's forecast.

Stocks tumbled Monday as concerns mounted that the outbreak of coronavirus that began in China could take a toll on the global economy.

President Trump is attending the World Economic Forum in Davos, Switzerland this week. He boasted about the strength of the U.S. economy, but said little about the event's main focus: climate change.

While the new deal with China lowers some trade barriers, it leaves many tariffs in place. And it dictates that China buy more from the U.S., but that has other trading partners worried.

One winner in the new U.S.-China trade deal is the U.S. financial services industry. Bankers, investment firms and insurance companies would have more access to the world's second biggest economy.

The U.S. and China signed an initial trade deal, defusing some economic tension. The agreement ups sales of American goods and services to China and pledges more intellectual property protections.

President Trump signed a trade deal with China on Wednesday. The agreement relaxes some U.S. tariffs on Chinese imports. In exchange, China is expected to buy more from the U.S.

Bitcoin promises users anonymity, but transactions using China's digital currency would be tracked by its central bank. Experts say it could someday rival the dollar in international payments.

Women got the lion's share of new jobs in December and now outnumber men on U.S. payrolls. This unusual situation reflects the growth of industries like health care where women dominate.

December's job growth is down slightly from the three previous months, when employers added an average of 200,000 jobs. But the unemployment rate held steady at 3.5%, matching a 50-year low.

Wages rose faster for low-income workers than for any other group in 2019. The gains are partly explained by the tight labor market. But increases in minimum wages also contributed to the gains.

Oil prices rose and the stock market fell Friday, as investors reacted to rising tension in the Middle East. Fallout from the killing of a top Iranian military leader was more muted than expected.

The U.S. economy continued to grow in 2019 despite the trade war with China. Unemployment remains at historic lows, wages are up and the stock market soared. Trade agreements reached at year's end brightened forecasts for 2020.

Engineered meat, immigration raids on chicken plants, and the big target on the backs of big technology companies are some of the business stories that made headlines in 2019.

President Trump has reversed himself and decided not to impose tariffs on steel and aluminum imported from Brazil. Financial markets were rattled when he abruptly announced a 25% tax on Dec. 2.

The president said it would be "rocket fuel for our economy," but the Republican tax cut passed in 2017 did not pay for itself as promised — nor did it deliver a sustained boost to growth.

Some see worrisome signs for the international trading system that grew up after World War II, following a week that saw an update to NAFTA, a preliminary U.S.-China deal and a big step toward Brexit.

President Trump announced a "Phase One" trade deal with China Friday. It avoids a costly new round of tariffs this weekend. What China has agreed to do in return is less certain.

Chinese and U.S. negotiators have agreed to prevent new tariffs from going into effect this weekend. President Trump calls it "phase one" of a trade deal.