The Latest Breaking News from Economy

US economy snapped two straight quarters of GDP decline to grow 2.6 percent, but domestic demand weakened.

Interest rate increases look all set to persist. Therefore, slowing demand, rising borrowing costs, and compressed margins will likely tip the economy into recession. With the market potentially seeing significant pressure, once-popular tech stocks Snowflake (SNOW) and Palantir Technologies (PLTR) could struggle to find support due to their poor fundamentals.…

The U.S. economy grew at a solid pace in the third quarter, marking the first advance this year as consumers proved resilient in the face of widespread inflation and the Federal Reserve’s rapid interest-rate hikes.

Gloomy earning guidance halted the S&P 500’s three-day winning streak. Moreover, a recession seems apparent as the U.S. economy battles sky-high inflation, aggressive rate hikes, and geopolitical headwinds. With the bear market not over yet, we think fundamentally strong stocks Walmart (WMT), Cisco Systems (CSCO), and Vertex Pharmaceuticals (VRTX) might…

Slightly more Americans applied for unemployment benefits last week as the labor market remains one of the healthiest parts of an uneven U.S. economy

Some underlying details — including weaker housing and decelerating consumer spending — point to an economy that's slowing.

CNN has hinted at budget cuts and layoffs before the end of this year, according to the New York Times. In a memo to employees, CNN chairman Chris Licht said that concerns over the global economy had forced him to re-evaluate the company’s priorities, observing that he would make a…

Global stock markets are mixed ahead of an update on the U.S. economy and a European Central Bank meeting that is expected to raise its key interest rate to a 13-year high to fight stubbornly high inflation

Thursday's GDP report shows the U.S. economy grew at an annual rate of 2.6% in July, August and September, after shrinking in the first half of the year.