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Economy

“US GDP rose a better-than-expected 1.9% in the third quarter as consumers continued to spend”

“U.S. gross domestic product — the broadest measure of the U.S. economy — grew faster than expected in the third quarter, but slowed slightly as business investment continued to decline. The Commerce Department said Wednesday that economic activity grew at… Continue Reading…

Economy

“Second-quarter U.S. GDP left at 2%…”

“The U.S. economy grew more slowly in the second quarter, updated figures confirm, and is slow growth is expected to persist through the end of the year largely because of the festering trade fight with China. Gross domestic product, the… Continue Reading…

Economy

“GDP slows to 2.1% in second quarter but beats expectations…”

“GDP increased 2.1%, down from 3.1% from the first quarter, and the weakest increase since the first quarter of 2017 when President Donald Trump took office. Dow Jones Q2 estimates were for 2% growth. However, the underlying numbers in the… Continue Reading…

Uncategorized

“Los Angeles Is Having a Loud Economic Boom”

“L.A.’s gross domestic product per capita surged 11.8 percent the past five years, dwarfing Chicago’s 7.4 percent, almost three times New York’s 4.1 percent and twice the average for 383 U.S. metropolitan areas, Bloomberg data show. Some of the gain… Continue Reading…