The U.S. economy expanded at a much faster pace than initially estimated last quarter, according to new Commerce Department data released Thursday. Gross domestic product grew at a 3.8% annual rate in the April–June period, topping both the government’s previous 3.3% estimate and the initial 3% reading. It was the strongest showing since the fall of 2023, underscoring the economy’s …
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US economy expands at fastest pace in two years – The Times
US economy expands at fastest pace in two years The Times The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported CNN Economy Had a Strong Spring, Latest Revision Shows The Wall Street Journal US economic growth revised up on strong consumer spending BBC Surprisingly strong GDP report undermines economic slowdown narrative Axios Source link
Read More »Auto Industry Is Flashing a Warning Sign on U.S. Economy – The Wall Street Journal
Auto Industry Is Flashing a Warning Sign on U.S. Economy The Wall Street Journal CarMax stock plummets 20% following ‘challenging’ quarter CNBC CarMax Stock Falls 20% on Earnings as Used Car Sales and Prices Decline Barron’s Why CarMax (KMX) Shares Are Falling Today Yahoo Finance CarMax sees surprise drop in used-car sales even at lower prices, and the stock dives MarketWatch Source link
Read More »Trump's economy bounces on consumer spending surge – Politico
Trump’s economy bounces on consumer spending surge Politico The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported CNN Economy Had a Strong Spring, Latest Revision Shows The Wall Street Journal US economic growth revised up on strong consumer spending BBC Surprisingly strong GDP report undermines economic slowdown narrative Axios Source link
Read More »US economy grows at fastest pace in nearly two years in second quarter – Reuters
US economy grows at fastest pace in nearly two years in second quarter Reuters The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported CNN New revisions show stronger economic growth in second quarter Axios Tech Stocks Get Hit as Solid GDP Lifts Bond Yields: Markets Wrap Bloomberg.com US economy grew faster than expected in the second …
Read More »The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported
Washington — The US economy’s comeback in the second quarter was just revised higher again, and economists estimate that momentum carried on in the third quarter, underscoring the resilience of the world’s largest economy. Gross domestic product, the broadest measure of economic output, rose at an annualized rate of 3.8% from April through June, the Commerce Department said Thursday in …
Read More »U.S. economy grew by 3.8% in second quarter – Commerce Department – Investing.com
U.S. economy grew by 3.8% in second quarter – Commerce Department Investing.com The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported CNN US Economy Grows at Fastest Pace in Nearly Two Years on Consumer Spending Bloomberg.com This is the market’s biggest blind spot right now Business Insider U.S. GDP Grew Stronger Than Estimated in Second Quarter The …
Read More »Early warning signs for the DC region’s economy amid federal downsizing
Key takeaways: Since January 2025, the DMV region has shed federal jobs at a faster rate than the nation, while private sector job growth has plateaued. The DMV region’s unemployment rate has increased at a significantly higher pace than the nation’s, with the share of unemployed suburban workers growing the most. After a strong year of venture capital activity, venture …
Read More »A Federal Shutdown May Be Imminent. How Would It Affect the Economy? – The New York Times
A Federal Shutdown May Be Imminent. How Would It Affect the Economy? The New York Times The government could shut down in less than a week. Here’s what you need to know ABC News – Breaking News, Latest News and Videos Democrats Can’t Win Another Shutdown Fight Bloomberg.com Murkowski pushes to include funding for health care, public broadcasting in deal to avert government …
Read More »OECD Says US GDP Growth to Slow Next Year as Tariffs, Lower Immigration Weigh on Economy
KEY TAKEAWAYS The OECD on Tuesday raised its growth forecast for the U.S. economy in 2025 on the back of AI investments, but noted that tariffs and lower net immigration are taking a toll and would lead to slowing growth next year. The OECD said it expects the U.S.’s annual real GDP growth rate to come in at 1.8% in …
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