US GDP

U.S. 10/29/21, 02:26

The U.S. economic growth slowed down significantly in the third quarter of 2021 to the lowest level since it began recovering from the COVID-19 pandemic-triggered recession last year. Data from the Commerce Department’s Bureau of Economic Analysis released on Thursday, Oct. 28, shows that the nation’s gross domestic product grew at ...

U.S. 10/01/21, 16:52

The U.S. economy expanded at an annual rate of 6.7% in the second quarter of this year, according to the revised data released by the Bureau of Economic Analysis on Thursday, Sept. 30. The second-quarter GDP growth was revised slightly upward from the previous estimate of 6.6% pace and sped up from the ...

U.S. 03/26/21, 06:50

The economy expanded faster than previously believed at the end of Donald Trump's presidency. In the fourth quarter of 2020, real gross domestic product rose at a higher rate of 4.3 percent than previously estimated (4.1 percent). The updated GDP figure explains why so much data for the first half of 2020 ...

U.S. 10/31/20, 05:55

Democratic presidential nominee Joe Biden proclaimed that "America is dead because COVID-19" at a socially distanced drive-in campaign rally at the Iowa State Fair Grounds in Des Moines on Friday, Oct. 30.  Biden warned that American will face a "dark winter" during the final presidential debate. He reiterated the message on ...

U.S. 10/24/20, 21:50

U.S. economy, which Americans see as a "very important" issue for their decision in the vote for president, is expected show a record high growth in the third quarter of 2020, just days before the Nov. 3 election. MarketWatch reported on Saturday, Oct. 24, that the economists in its latest survey ...

Business 04/29/20, 12:25

U.S. gross domestic product (GDP) decreased at an annual rate of 4.8% in the first quarter of 2020, reversing a 2.1% expansion in the fourth quarter of 2019, according to the advance estimate released by the Bureau of Economic Analysis on Wednesday, April 29. This marked the first contraction since the ...

Trending 01/17/20, 05:02

A cross border trade deal worth more than $1.3 trillion will proceed after the Senate swiftly gave it the green light on Jan. 16. The Senate has approved the United States-Mexico-Canada Agreement (USMCA). Fox Business is hailing the pact as the "biggest trade deal of all time." "Adding together USMCA and the ...

Business 08/30/19, 12:31

The U.S. economic growth in the second quarter got big support from consumers who are showing their  willingness to spend, backed by the very low unemployment rate thanks to pro-jobs vision under the Trump administration. The U.S. Bureau of Economic Analysis (BEA) on Aug. 29 released data showing consumer spending, which ...

U.S. 07/26/19, 21:54

The U.S. economy grew at a slower rate in the second quarter, strengthening the possibility of an interest rate cut as the central bank will meet to set its policies next week. In a report on Friday, July 26, the Commerce Department said U.S. GDP growth slowed to 2.1 percent in ...

Business 05/31/19, 07:17

President Donald Trump defied the assessments of mainstream economists again as the U.S. economy accelerated in the first quarter of 2019 despites a bitter trade tension with China. Real gross domestic product increased 3.1 percent on-year in January-March, according to the second estimate of first-quarter GDP released by the U.S. Bureau ...

Business 12/21/18, 09:44

With hundreds of billions of goods hit by retaliatory tariffs, US exports fell by the largest amount since early 2009 at the height of the global financial crisis