Donald Trump is pointing to data that forecasts an economic downturn much worse than a recession. The former president, whose economic policies are credited with some of the best economic numbers in ...
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U.S. in recession after 2nd quarter GDP released
The United States is in recession. The realization came Thursday morning after the Bureau of Economic Analysis reported that GDP fell almost 1% in the second quarter. For the last 10 recessions, ...
Read More »Economy breaks all records, grows at 33 percent
The U.S. economy grew at an astounding rate this fall surpassing the previous record set in 1950. Department of Commerce announced Oct. 29 that U.S. economic output in the third quarter grew ...
Read More »News Briefs: Elon Musk warnings on AI; No ‘gay’ gene detected; Comey leaked secrets
Second quarter revised up Second-quarter GDP was up a seasonally adjusted, annualized 2%, the Commerce Department said—a solid pace and on par from the previous second-quarter estimate of 2.1%. Weakness in inventory investment and ...
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US economic growth beats all expectations
WASHINGTON—The U.S. economy expanded at a 3.5 percent annual rate in the third quarter, as consumer spending strengthened. The growth came in above the Wall Street expectation of 3.3 percent. According to the “advance” estimate ...
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