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WASHINGTON (AP) — The U.S. economy expanded at a solid and unexpected 2.1% annual pace from January through March, the Commerce Department reported Thursday in its final estimate of first-quarter growth. The growth in gross domestic product — the nation’s output of goods and services — marked a … Source: usnews.com
First-quarter GDP grew at 2.1%, above the expected 1.6%, as equipment investment in AI and computers along with consumer spending led growth. Source: foxbusiness.com
The number of people who filed for unemployment benefits dropped to 215,000 in the week through June 25, lower than the upwardly revised 227,000 reported a week earlier. Source: wsj.com
WASHINGTON — The U.S. economy expanded at a solid and unexpected 2.1% annual pace from January through March, the Commerce Department reported… Source: post-gazette.com
The result was partly driven by businesses rushing to avoid supply disruptions and price rises as a result of the conflict in the Middle East. Source: wsj.com
President Putin has hinted at peace talks as the economy fails, people flee cities and toxic ‘oil rains’ fall. Source: aljazeera.com
US company profits are booming, but in the past such bonanzas have triggered angst over the economy. Source: bloomberg.com
Ryan Detrick, Carson Group chief market strategist, joins ‘Squawk Box’ to discuss the latest market trends, state of the economy, and more. Source: cnbc.com
The Federal Reserve’s new chairman has vowed to deliver price stability, but officials are at odds over whether that will require higher borrowing costs. Source: nytimes.com
Most economists, including at the Bank of Canada, were a bit surprised when Statistics Canada reported late last month that the economy contracted slightly over the first three months of the year. Source: bnnbloomberg.ca
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