US economic growth revised up to 3.1 percent rate in Q2

US economic growth revised up to 3.1 percent rate in Q2

It is the strongest performance since the economy grew at a 3.2 per cent pace in the first quarter of 2015. The upward revision reflected larger farm stockpiles.

Sep 28, 2017, 19:28 PM IST

Gold at highest since May 1 on political uncertainty, dollar

Gold hit its highest in nearly four weeks on Friday as political uncertainty led investors to shun riskier assets in favour of bullion.

May 26, 2017, 20:41 PM IST
Donald Trump aims to balance budget in decade targets 3% growth

Donald Trump aims to balance budget in decade targets 3% growth

US President Donald Trump is aiming to balance the federal budget in a decade with substantial cuts to safety-net programmes, combined with a tax overhaul to speed up the economy and achieve an ambitious growth rate of three per cent, the White House has said.

May 23, 2017, 10:43 AM IST
US confirms disappointing growth in 2016

US confirms disappointing growth in 2016

The US Commerce Department on Tuesday confirmed a picture of sluggish growth in 2016, with the world`s largest economy growing at its slowest pace in five years.

Feb 28, 2017, 19:15 PM IST

Asian shares edge up as soft U.S. GDP cuts Fed rate hike bets

Asian shares ticked up slightly on Monday after disappointing U.S. economic growth data reduced expectations of a rate hike by the U.S. Federal Reserve in the next few months.

Aug 01, 2016, 08:11 AM IST

Internet economy is 6% of US GDP: Study

The Internet`s economic impact has doubled since 2007 and now fuels at least six percent of the overall US economy, a study showed Thursday.


Dec 11, 2015, 02:21 AM IST

US economy rebounds at mild pace in Q2

The US economy expanded at an annual rate of 2.3 percent in the second quarter, a moderate bounce from the revised 0.6 percent increase in the first quarter.

Jul 31, 2015, 11:19 AM IST

Dollar steady in Asia despite weak US GDP data

"Traders will look at this week`s data with a little bit of caution, but the main thing is, if the euro is losing ground, naturally you find the US dollar tends to benefit from that," Stan Shamu, a markets strategist IG Ltd., told Bloomberg News.

Jun 01, 2015, 12:05 PM IST

US economy contracts in first-quarter; dollar hurts corporate profits

The government on Friday slashed its gross domestic product estimate to show GDP shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month.

May 30, 2015, 09:23 AM IST

Obama takes US economic bright spell on the road

Riding high on a stronger economy, President Barack Obama is setting out on a US tour to highlight the improved numbers, with hopes that his approval rating follows suit.

Jan 07, 2015, 23:52 PM IST

Dollar gives up US GDP data gains in Asia

The dollar lost more ground in thin Asian trade Thursday, after a rally powered by decade-high US economic growth figures.

Dec 25, 2014, 11:37 AM IST

US factory activity back at 3-1/2-year high, auto sales rise

US manufacturing activity unexpectedly accelerated in October and automobile sales were strong, easing concerns of a significant moderation in economic growth.

Nov 04, 2014, 09:06 AM IST

US GDP growth rebounds to 4% in 2nd quarter

Private investment soared 17.0 percent in the second quarter, after shrinking 6.9 percent in the previous period. Investment was strong in both equipment and homes.

Jul 30, 2014, 18:49 PM IST

US economy seen regaining muscle in second quarter

Gross domestic product likely grew at a 3.0 percent annual rate after shrinking at a 2.9 percent pace in the first quarter, according to a Reuters survey of economists.

Jul 30, 2014, 11:20 AM IST

White House warns climate inaction could cost US billions

Delaying efforts to reduce greenhouse gas emissions could cost the US USD 150 billion per year, the White House warned today in a report on the economic consequences of inaction on climate change.

Jul 29, 2014, 22:11 PM IST

S&P hits record on growth bets despite GDP contraction

US stocks rose at the open on Thursday on expectations of strong growth in the second quarter, even as data showed the world`s largest economy contracted in the first quarter.

May 29, 2014, 23:03 PM IST

Gold price today: Latest updates

Gold prices tumbled by Rs 312 to Rs 28,575 per ten grams in futures trade Thursday.

May 01, 2014, 20:54 PM IST

Gold price today: Latest updates

Gold prices slipped by Rs 58 to Rs 28,692 per ten grams in futures trade Wednesday.

Apr 30, 2014, 11:11 AM IST

Fitch affirms US ratings, removes downgrade danger

Fitch Ratings on Friday affirmed the United States` credit ratings at "AAA" with a stable outlook, removing the distant danger that it might downgrade the world`s largest economy.

Mar 21, 2014, 11:49 AM IST

US third-quarter GDP revised higher as inventories bulge

Gross domestic product grew at a 3.6 percent annual rate instead of the 2.8 percent pace reported a month ago, the Commerce Department said on Thursday.

Dec 06, 2013, 10:16 AM IST