The economy contracted at a 0.2% annual rate in the first quarter of 2025, the Bureau of Economic Analysis said Thursday in a revision to its estimate of GDP. A preliminary report from the agency ...

WASHINGTON, May 28 (Reuters) - U.S. economic growth was not a strong as initially thought in the first quarter, and momentum is set to slow this quarter, with the war with Iran stoking inflation and ...

The U.S. economy contracted in the first quarter of 2025 for the first time in three years, reflecting a surge in imports ahead of President Donald Trump's tariffs and a slowdown in consumer spending.

The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.

Government: Now Solving Problems You Didn’t Know You Had Democrats Need to Learn How to Fight Each Other Data Centers Aren’t the Enemy New York Plays Russian Roulette with Its Fiscal Future Audio By ...

U.S. GDP growth in the first half of 2025 was almost entirely driven by investment in data centers and information processing technology, according to Harvard economist Jason Furman. Excluding these ...

Gross domestic product shrank at a revised 0.5%% annual rate in the first quarter, the government’s second update showed. Previously GDP was reported to have contracted by 0.2%. GDP is the official ...

FILE - Shipping containers are seen ready for transport at the Guangzhou Port in the Nansha district in southern China's Guangdong province, April 17, 2025. (AP Photo/Ng Han Guan, File) MANHATTAN (CN) ...

The U.S. economy contracted less than initially thought in the first three months of the year as an increase in imports, slowing consumer spending, and a downturn in government spending were partly ...

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