Sep 28 Economy grows 2.1 percent estimates government, unchanged from previous projection By Paul Wiseman, Christopher Rugaber, Associated Press The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged. Continue reading
Aug 04 Watch 4:20 Jobs report falls short of expectations but signals recession might be avoided By Geoff Bennett, Courtney Norris The U.S. economy added 187,000 jobs in July, slightly fewer than expected but still a sign of a resilient job market. The report also shows the unemployment rate dipped to 3.5 percent. This comes after several encouraging reports in the… Continue watching
Apr 27 Watch 5:23 What the latest GDP report says about the strength of the U.S. economy By Paul Solman, Ryan Connelly Holmes The newest GDP data suggests the U.S. economy is slowing down. Consumers are still spending and companies are still hiring and investing, but it’s not at the same pace as last year. At the same time, the economy continues to… Continue watching
Dec 22 U.S. economy beat early estimate, grew 3.2 percent in 3rd quarter By Paul Wiseman, Associated Press Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2 percent annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth. Continue reading
Dec 14 Watch 6:35 Congressional leaders hope to avoid government shutdown with a newly unveiled budget deal By Lisa Desjardins Lawmakers on Capitol Hill are working against the clock to figure out funding bills and an assortment of other key measures before the end of the year. Leaders are hoping to avoid a looming government shutdown. Lisa Desjardins breaks down… Continue watching
Nov 30 U.S. economy grew 2.9 percent last quarter slightly beating expectations, revised data says By Paul Wiseman, Associated Press Last quarter’s rise in the U.S. gross domestic product, or the economy’s total output of goods and services, followed two straight quarters of contraction… Continue reading
Jul 28 U.S. economy shrinks for 2nd straight quarter By Paul Wiseman, Associated Press The United States economy contracted at a 0.9% annual pace last quarter, raising fears that the nation may be approaching a recession. Continue reading
Feb 24 Watch 3:27 News Wrap: SEC is investigating Elon Musk, his brother for insider trading In our news wrap Thursday, the Securities and Exchange Commission is investigating whether Tesla CEO Elon Musk and his brother broke insider trading rules, a judge orders a Michigan couple to stand trial for involuntary manslaughter after their son allegedly… Continue watching
Jul 29 WATCH: White House hails latest U.S. GDP figures By Associated Press Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5 percent annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. Continue reading
Apr 24 Watch 9:41 Amsterdam's 'doughnut economy' puts climate ahead of GDP By Megan Thompson, Joan Martelli Amsterdam is the first city in the world to adopt a radical economic theory that suggests economic growth shouldn’t be the ultimate measure of success. Instead, “doughnut economics” focuses on protecting the environment while meeting citizens’ basic needs. Special Correspondent… Continue watching