Economy Aug 29 U.S. economic growth revised up to solid 3 percent annual rate for second quarter of 2024 The U.S. economy grew last quarter at a healthy 3 percent annual pace, fueled by strong consumer spending and business investment, the Department of Commerce said Thursday in an upgrade of its initial assessment.
Economy Aug 16 U.S. consumer sentiment rises this month amid optimism over Harris’ presidential bid Americans’ expectations for the future rose, while their assessment of current economic conditions sank slightly. Democrats’ sentiment rose, and Republicans’ fell.
Economy Aug 02 Unemployment rise shakes stock markets, yet recession signals have been wrong — so far The U.S. economy used to flash reliable signals when it was in or near a recession. But those red lights have gone haywire since the COVID-19 pandemic struck and upended normal business activity. Over the past two or three years,…
Economy Aug 02 U.S. hiring slows with just 114,000 jobs added in July, unemployment rate hits 4.3 percent U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs. Friday's Labor Department report showed a drop from the 179,000 jobs created in June.
Economy Jul 25 U.S. economy shows strong 2.8 percent growth, driven by consumers and businesses Thursday’s report from the Commerce Department said the gross domestic product picked up in the April-June quarter after growing at a 1.4 percent pace in the January-March period.
Economy Jul 12 U.S. wholesale inflation rose in June, sign that price pressures remain elevated Wholesale prices in the United States rose by a larger-than-expected 2.6 percent last month from a year earlier, a sign that some inflation pressures remain elevated.
Economy Jul 05 U.S. employers add 206,000 jobs in June, sign of economic stability despite interest rates Friday's report from the Labor Department also showed that the unemployment rate ticked up from 4% to a still-low 4.1%. And the department sharply revised down its estimate of job growth for April and May by a combined 111,000.
Nation Jun 28 Price pressures easing further according to the Federal Reserve’s preferred inflation gauge The latest figures will likely be welcomed by the Fed’s policymakers, who have said they need to feel confident inflation is slowing sustainably toward their 2% target before they’d start cutting interest rates.
Nation Jun 27 U.S. automakers worried about threat of low-priced Chinese EVs made in Mexico America's auto industry has grown concerned that Chinese carmakers may be preparing to set up shop in Mexico to exploit North American trade rules.
Politics May 14 WATCH: Biden announces new tariffs on Chinese goods including electric vehicles, solar panels The Democratic president said that Chinese government subsidies ensure the nation's companies don’t have to turn a profit, giving them an unfair advantage in global trade.