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The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but the setback is likely temporary against the backdrop of a tightening labor market and large fiscal stimulus. Gross domestic product increased at a 2.3 percent annual rate, the Commerce Department said in its snapshot of first-quarter GDP on Friday, also held back by a moderation in business spending on equipment and investment in home building. The economy grew at a 2.9 percent pace in the fourth quarter. Economists polled by Reuters had forecast output rising at a 2.0 percent...

The United States ran a merchandise trade deficit of $165.0623 billion in the first quarter of 2016, which was down slightly from the $165.7159 billion merchandise trade deficit the United States ran in the first quarter of 2015, according to data released Wednesday by the Census Bureau. The U.S. exported $347.5618 billion in goods during the quarter and imported $512.6241 billion. The bilateral merchandise trade deficit with China during the first quarter was $77.9461 billion—by far the largest with any nation. […] The second largest bilateral merchandise trade deficit the United States ran during the quarter was the $16.9356 billion...

Sears Holdings Corp. reported a steeper-than-expected loss for its first quarter with the beleaguered retailer, blaming a cooler spring for falling sales.The operator of Sears and Kmart stores also said it’s considering strategic options for its service-agreement business, such as selling it off, to raise cash. Service agreements are when customers pay an extra fee when buying an appliance and the company agrees to fix or replace it if it breaks within a certain time. The steep loss drove Sears’ shares down more than 11 percent in after-hours trading. …

WASHINGTON (Reuters) - The economy grew at a slower pace than previously estimated in the first quarter as business investment slackened, while hard-hit state and local governments reduced spending at the steepest rate since 1981. Gross domestic product expanded at a 3.0 percent annual rate, the Commerce Department said on Thursday, instead of the 3.2 percent pace it reported last month. Analysts polled by Reuters had forecast GDP, which measures total goods and services output within U.S. borders, growing at a 3.4 percent rate in the January-March period. The economy expanded at a 5.6 percent pace in the fourth quarter...

WASHINGTON (AFP) - The US economy grew at a solid 4.4 percent annual pace in the first quarter of 2004, a slightly brisker clip than first thought, but prices also warmed up, government data. Activity picked up a bit from a 4.2 percent expansion in the last quarter of 2003, the updated Commerce Department (news - web sites) report showed Thursday. Inflation pressures were confirmed.Prices paid by consumers -- measured by the so-called personal consumption expenditure deflator -- rose 3.0 percent, up from a 1.0 percent rise in the last quarter of 2004. But company profit growth slowed.After-tax corporate profits...

Search For Excite | Lite | Email | Help Symbol(s):Find Symbol Tip: You can enter multiplesymbols. (ex DELL EMC) Money Home My Money Portfolio Markets News Research Top Business * Markets * Analyst News * Technology News * IPO * Press Releases * By Industry Airlines Face Losses Over $2 Billion Saturday April 13, 12:30 PM EDT By Patrick Markey NEW YORK (Reuters) - Wall Street expects major U.S. airlines to report more than $2 billion in first-quarter losses next week even as the aviation industry steadily recovers from the weak economy and the steep travel slump that followed...

 Weekday Commentary from Jim Puplava Home AMEX GOLD BUG INDEX (HUI)Analysts and BubbleheadsSTILL haven't noticed! The Week in Graphs  Monday's Market Scoreboard  March 25, 2002  Dow Industrials 146 10,281.67  Dow Utilities 1.08 303.76  Dow Transports 60.04 2817.23  S & P 500 16.83 1131.87  Nasdaq 38.9 1812.49  US Dollar to Yen   133.415  US Dollar to Euro   .8776  Gold 0.1 297.7  Silver .032 4.54  Oil .36 24.99  CRB Index .19 203.37  Natural Gas .105 3.326 All market indexes Storm Watch Geopolitical News in Focus Global Analysis with J. R. Nyquist Precious Metals Storm Watch Update   "Let The 2002 Goodwill...