US economy grows at tepid 1.2%; business spending softens
The US economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending.
May 26, 2017, 19:09 PM IST
US retail sales fall for second straight month on weak automobiles
US retail sales fell for a second straight month in March amid softening demand for automobiles, suggesting economic growth slowed abruptly in the first quarter.
Apr 14, 2017, 18:13 PM IST
US grants China's ZTE temporary reprieve on export curbs
The US government will give Chinese telecom equipment and smartphone maker ZTE Corp a three-month reprieve on tough export restrictions it imposed earlier this month, the Commerce Department said on Tuesday.
Mar 23, 2016, 12:45 PM IST
US trade deficit balloons to six-year high in March
The US trade deficit swelled in March to a six-year high on a surge in imports from the end of the West Coast port strike backed by the strong dollar.
May 05, 2015, 18:59 PM IST
US new-home sales surge in February
Sales of new single-family homes in the United States surged in February to a seven-year high, accelerating for the third consecutive month, the Commerce Department reported Tuesday.
Mar 24, 2015, 20:05 PM IST
US consumer spending falls in December
US consumer spending fell in December in the midst of the key year-end holiday shopping season, while their incomes continued to grow, Commerce Department data released Monday showed.
Feb 02, 2015, 21:45 PM IST
