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Friday, April 19, 2024
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Gross domestic product

US economy shrinks for a 2nd quarter, raising recession fear

WASHINGTON ((DailyNews)) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising...

EXPLAINER: How do we know when a recession has begun?

WASHINGTON ((DailyNews)) — By one common definition, the U.S. economy is on the cusp of a recession. Yet that definition isn’t the one that...

Biden fights talk of recession as key economic report looms

Facing a potentially grim report this week on the economy’s overall health, President Joe Biden wants to convince a skeptical public that the U.S....

US economy shrank by 1.5% in Q1 but consumers kept spending

WASHINGTON ((DailyNews)) — The U.S. economy shrank in the first three months of the year even though consumers and businesses kept spending at a...

US economy shrinks, threats loom, but growth likely to last

WASHINGTON ((DailyNews)) — The U.S. economy shrank in the first three months of the year, and faces threats from high inflation and rising interest...

Drop in US GDP challenges Biden’s pitch to voters

WASHINGTON ((DailyNews)) — President Joe Biden’s upbeat message that the economy is cruising along hit a troublesome speed bump on Thursday when the federal...

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