Us Gdp

Coronavirus Impact: US economy faces historic shock, with 16% joblessness possible, says Trump adviser

Lockdowns across the United States to curtail the spread of the novel coronavirus have hammered the economy, shuttering businesses and sending unemployment skyrocketing

Asian shares rebound after strong US first-quarter economic growth, investors still nagged by uncertainty over global economy

Monday’s gains follow data showing US gross domestic product grew at a faster 3.2% annualised rate in the first quarter.

Fed chief Jerome Powell says 'no rush' to hike interest rates in 'solid' but slowing US economy

Jerome Powell’s comments solidified a Fed policy shift last month in which it indicated it would pause a three-year cycle of rate hikes

Dow ends over 18000 for first time ever as US GDP is at best pace in 11 years

US stocks rose on Tuesday, with the Dow closing above 18,000 for the first time ever and the S&P 500 ending at a record after an unexpectedly strong report on economic growth. The Nasdaq ended modestly lower, pressured by the biggest selloff in biotech names in many months, while trading was light ahead of the Christmas holiday.<br />

US third-quarter GDP grew 3.6%, but inventories pile up

The US economy grew faster than initially estimated in the third quarter but weak demand and a pile-up in business inventories buoyed the case for the Federal Reserve to keep up its bond-buying stimulus for now.