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

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 ...

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% ...

The US economy staged a strong rebound this spring, recovering from its first contraction in three years as imports fell and consumer activity firmed. The Commerce Department reported Thursday that ...

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 ...

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 ...

President Donald Trump is aiming to push the economy’s growth rate to 3 percent or more. A report Wednesday on second-quarter gross domestic product gave an early indication that he may get his way. A ...

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 ...

The U.S. economy expanded faster between April and June than previously estimated, as growth bounced back after slumping in the first quarter, new government data shows. The Commerce Department said ...