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Retail sales rise for 4th straight month as growth slows

NEW YORK (AP) – Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs...

U.S. economy plunged an annualized 31.7% in second-quarter

BALTIMORE (AP) – The United States economy shrank at an alarming annual rate of 31.7% during the April-June quarter as it struggled under the...
THE U.S. TRADE DEFICIT was $50.7 billion in June. / AP FILE PHOTO/ WILFREDO LEE

US trade deficit drops in June on record rise in exports

WASHINGTON (AP) – The United States trade deficit fell in June for the first time since February as exports posted a record increase, rising...
U.S. CONSUMER SPENDING increased 5.6% in June. / AP FILE PHOTO/DAMIAN DOVARGANES

U.S. consumer spending up 5.6%, but virus could stall gains

WASHINGTON (AP) – American consumers increased their spending in June by a solid 5.6%, helping regain some of record plunge that occurred after the...
U.S. GDP declined at a record 32.9% annual rate in the second quarter. / AP FILE PHOTO/LYNNE SLADKY

U.S. economy shrank at record-breaking 33% rate last quarter

WASHINGTON (AP) – The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter – by far the worst quarterly plunge...
U.S. GDP declined 5% year over year in the first quarter, but economists are predicting an even sharper drop in the second quarter. / AP FILE PHOTO/WILFREDO LEE

U.S. GDP fell at 5% rate in Q1; worse is likely...

WASHINGTON (AP) – The United States economy shrank at a 5% rate in the first quarter with a much worse decline expected in the...

U.S. retail sales up 17.7% in a partial rebound from plunge

BALTIMORE (AP) – United States retail sales jumped 17.7% from April to May, with spending partially rebounding after the coronavirus had shut down...

U.S. trade gap rises to $49.4B in April

WASHINGTON (AP) – The United States trade deficit hit the highest level in eight months in April as American commerce with other countries was...
U.S. CONSUMER SPENDING declined a record 13.6% in April. / AP FILE PHOTO/JEFF ROBERSON

U.S. consumer spending sinks by record 13.6% in face of virus

WASHINGTON (AP) – United States consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs...

U.S. economy shrank at 5% annual rate in Q1

WASHINGTON (AP) – The United States economy shrank at an even faster pace than initially estimated in the first three months of this year...

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