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Consumers underpin U.S. economy as business spending slumps
U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of a recession......»»
Consumers support U.S. economy as business spending slumps
U.S. economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of a recession......»»
U.S. economy grows 1.9%
U.S. economic growth slowed less than expected in the third quarter. Resilient consumer spending offset declining business investment. As Fred Katayama reports, that allayed fears of a recession......»»
Consumers prop up U.S. economy as business spending retrenches
U.S. economic growth slowed less than expected in the third quarter as declining business investment was offset by resilient consumer spending and a rebound in exports, further allaying financial market fears of a recession......»»
The US economy slowed less than expected in the 3rd quarter amid strong consumer spending
Reuters/Rebecca Cook Economic activity cooled further in the third quarter amid ongoing trade disputes. Still, the 1.9% growth exceeded consensus analyst forecasts for 1.6%. The results cast further doubt on the prospect that Trump would fu.....»»
U.S. economy slows marginally in the third quarter
U.S. economic growth slowed less than expected in the third quarter as declining business investment was offset by resilient consumer spending and a rebound in exports, which could further allay financial market fears of a recession......»»
Capitol Report: Why GDP is likely to show a more wobbly U.S. economy in the third quarter
The massive U.S. economy was unable to escape any harm from a trade war with China and a deteriorating global outlook during the summer. Growth likely slowed for the second quarter in a row. Here’s are five things to watch in third-quarter GDP......»»
U.S. economy slows in second quarter; weak business investment a red flag
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy's health......»»
S&P 500, Nasdaq hit record high on upbeat Alphabet earnings, GDP data
Robust earnings from Google-parent Alphabet and Twitter took the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data that showed the domestic economy slowed lesser than expected in the second quarter......»»
U.S. economy slows in second quarter ; weak business investment a red flag
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy's health......»»
Wall Street close to record highs after upbeat earnings, GDP data
Robust earnings from Google-owner Alphabet and Twitter took the S&P 500 and Nasdaq indexes close to record levels on Friday, with data showing the domestic economy slowed lesser than expected in the second quarter providing support......»»
Wall Street nears record high on upbeat earnings, GDP data
U.S. stocks inched closer to record levels on Friday, boosted by robust earnings from Google-owner Alphabet and Intel, and data that showed the domestic economy slowed lesser than expected in the second quarter......»»
Instant View: U.S. second quarter GDP growth slows to 2.1% but tops estimates
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy's health......»»
Wall St. set to open higher on upbeat earnings, GDP data
Wall Street was set to open higher on Friday, lifted by robust earnings from Google-owner Alphabet and Intel, and data that showed the U.S. economy slowed lesser than expected in the second quarter......»»
U.S. economy slows in second quarter; consumer spending accelerates
U.S. economic growth slowed less than expected in the second quarter as a surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build, which could further allay concerns about the economy's health......»»
U.S. business investment stabilizing, economy slowing
New orders for key U.S.-made capital goods surged in June, suggesting some improvement in business investment, but economic growth is still expected to have slowed sharply in the second quarter amid weaker exports and a smaller inventory build......»»
U.S. consumer confidence, housing data highlight economy"s strength
WASHINGTON (Reuters) - U.S. consumer confidence rebounded in April and new home sales increased more than expected in March, pointing to underlying strength in the economy despite signs that growth slowed in the first quarter......»»
U.S. consumer confidence rebounds; new home sales rise
WASHINGTON (Reuters) - U.S. consumer confidence rebounded in April and new home sales increased more than expected in March, pointing to underlying strength in the economy despite signs that growth slowed in the first quarter......»»
Weak consumer spending seen restraining U.S. growth in first quarter
WASHINGTON (Reuters) - The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is expected to be temporary against the backdrop of a tightening labor market and large fiscal stimulus......»»
U.S. economic growth slowed to 2.3% pace in first quarter — better than expected
The U.S. economy slowed to a moderate 2.3% .....»»