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US economic growth slows in second quarter despite strong domestic demand
U.S. economic growth slowed to 1.5% in the second quarter amid trade deficit widening, but strong consumer spending and AI investment supported domestic demand.
US imposes new global tariffs on 60 trading partners over forced labor
The US imposed 10% and 12.5% tariffs on goods from 60 trading partners, citing failure to curb forced labor imports, sparking global protests.
US wholesale inventories in May revised lower amid slower restocking
U.S. wholesale inventories rose only 0.1% in May, revised down from 0.3%, signaling slower restocking that may temper economic growth forecasts.
US job openings dip while hiring hits two-year high amid Iran conflict
U.S. job openings fell in March but hiring surged to a two-year high, signaling a stable labor market despite risks from the U.S.-Israeli war with Iran.
Consumer spending lifts US GDP growth in third quarter
Robust consumer spending pushed US GDP growth to a 4.3% annual rate in the third quarter, though inflation, tariffs and a shutdown cloud outlook.
Appeals court allows Trump to continue tariffs for now
A federal appeals court has allowed Trump to continue collecting tariffs under emergency powers while his administration appeals a ruling against them.
