Tag Archives: Economy

Washington — President Trump frequently touts a U.S. economy that’s on the rise under his stewardship: he talks about energy and grocery prices that are falling, lower mortgage rates and claims he’s vanquished inflation. He argues things have never been better for the American consumer, especially after predecessor Joe Biden’s administration.     This month, there were mixed messages on the …

Recession warnings are looking flat wrong as consumers power the economy forward  Axios No one can seem to kill America’s economy, despite everyone’s best efforts  CNN The wealthiest are boosting the economy, as consumer spending rises again  The Washington Post Rich People Feel Pretty Good Right Now  Bloomberg.com For third month in a row, Americans are spending more than they’re making  marketplace.org Source link

Kala Brooks is the bar manager of Top of the Monk, a craft cocktail bar in downtown Asheville. She hopes fall tourists will help boost business. Stephanie Rogers hide caption toggle caption Stephanie Rogers ASHEVILLE, N.C. — Last September, Brandon Davis had just opened the business of his dreams. The funky 70s-themed bar known as Day Trip sat near the …

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 …

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

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

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

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 …

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 …

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 …