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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.

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.

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.


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.

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.

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.

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.

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.

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.

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.

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.

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.

Gold price today: Latest updates

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

Gold price today: Latest updates

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

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.

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.

Gold set for second weekly loss as US data sparks stimulus fears

US gross domestic product grew at a 2.8 percent annual rate in the third quarter, the quickest pace in a year, after expanding 2.5 percent in the second quarter.

Q3 growth suggests likely weak US job gains

The US economy grew at an annual rate of 2.8 percent in the third quarter, the government said Thursday in a report that signaled little momentum for jobs growth.

US economy grows 2.5% in second quarter

The US real gross domestic product (GDP) increased at an annual rate of 2.5 percent in the second quarter this year, the Commerce Department announced Thursday, leaving its previous estimate unchanged.

US household wealth up 1.8% in second quarter

Boosted by the bullish US stock market, household financial assets increased to about USD61.9 trillion in the second quarter, roughly up USD0.7 trillion from the prior quarter.