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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...
U.S. RETAIL SALES declined 16.4% month to month in April. / AP FILE PHOTO/TONY DEJAK

U.S. retail sales plunged a record 16% in April as virus...

BALTIMORE (AP) – United States retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept...
THE U.S. TRADE GAP widened 11.6% in March to $44.4 billion. / AP FILE PHOTO/WILFREDO LEE

U.S. trade gap rises to $44.4B as virus slams commerce

WASHINGTON (AP) – The United States trade deficit rose in March as the coronavirus outbreak battered America's trade with the world. The Commerce Department...
U.S. CONSUMER spending declined 7.5% in March, the sharpest drop on record. / AP FILE PHOTO/MARK HUMPHREY

U.S. consumer spending plunges record 7.5%, reflecting virus

WASHINGTON (AP) – United States consumer spending plunged 7.5% in March, reflecting the growing impact of the coronavirus pandemic as Americans complied with stay-at-home...
U.S. GDP declined at a 4.8% annual rate in the first quarter and the CBO projects an annualized decline of 40% in the second quarter due to COVID-19 related shutdowns. / AP FILE PHOTO DAVE KOLPACK

U.S. economy shrank at 4.8% rate last quarter as virus struck

WASHINGTON (AP) – The United States economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the...

Consumer spending edges up slight 0.2% in Feb. but declines expected...

WASHINGTON (AP) – Americans increased their spending by a modest amount in February but the expectation is that spending will be hit hard in...

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