US GDP Rose A Better-Than -Expected 1.9% In The Third Quarter As Consumers Continued To Spend

U.S. gross domestic product — the broadest measure of the U.S. economy — grew faster than expected in the third quarter, but slowed slightly as business investment continued to decline.

By |2019-10-31T09:03:16-05:00October 30th, 2019|Economy|0 Comments

U.S. Economy Likely Lost Further Ground in Third Quarter

The U.S. economy likely slowed further in the third quarter, held back by a moderation in consumer spending and declining business investment, which could spur the Federal Reserve to cut interest rates again to keep the expansion on course.

By |2019-10-30T06:20:52-05:00October 30th, 2019|Economy|0 Comments

Survey: US Business Hiring Falls to a 7-Year Low

By CHRISTOPHER RUGABER, AP Economics Writer- A measure of hiring by U.S. companies has fallen to a seven-year low and fewer employers are raising pay, a business survey has found. Just one-fifth of the economists surveyed by the National Association for Business Economics said their companies have hired additional workers in the past three months. [...]

By |2019-10-28T05:33:54-05:00October 28th, 2019|Economy|0 Comments