WASHINGTON, June 26 (Reuters) - The U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump ...

The Bureau of Economic Analysis said the improved second-quarter GDP results are credited to a decrease in imports, which are ...

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...

An uptick in consumer spending has likely softened the decline in GDP in the first quarter, suggesting that the worst of the recession may already be over, many economists say. Consensus is for a 5.0% ...

US President Donald Trump recently announced an additional 25 per cent tariffs on Indian imports, citing New Delhi's continued purchase of Russian oil. CA Nitin Kaushik said in his social media post ...

US economic growth moderated through the first half of the year as consumers tempered their spending after a late-2024 splurge and companies adjusted to frequently shifting trade policy.

The Australian economy gathered pace in the June quarter as consumers splurged on non-essentials like cars, furniture and appliances, but economists say a sustained lift in growth is not possible ...

The broader U.S. economy still appears to be in pretty good shape thanks to American consumers The Federal Reserve cut interest rates last week because of fresh worries about the jobs market, but the ...

SYDNEY (Reuters) -Australia's economy grew at the fastest annual pace in almost two years in the second quarter as consumers finally started spending after multiple rate cuts, taking over from the ...