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Economic Reports GDP

  • WASHINGTON— The U.S. economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending. The result fell far short of President Donald Trump's ambitious growth targets and underscores the challenges of accelerating economic expansion. The gross domestic product, the total output of goods and...

  • President Donald Trump said on Friday that the United States should be able to boost gross domestic product growth far beyond its current levels over time. "I really believe it," Trump said in an interview with Fox News. "We're saying 3 but I say 4 over the next few years.

  • NEW YORK, April 28- Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash recent gains. "GDP was a little bit light and that may be the cause of some weakness today," said Gary Bradshaw, portfolio manager at Hodges Capital Management in Dallas.

  • *Q1 GDP up 0.7 pct vs. est. increase of 1.2 pct. April 28- U.S. stocks looked set to open little changed on Friday after data showed the economy grew at its weakest pace in three years in the first quarter, while investors remained cautious due to simmering tensions between North Korea and the United States. Amazon rose 3.4 percent at $949.80 in premarket trading, while...

  • NEW YORK, April 28- Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash in recent gains. The Dow Jones Industrial Average fell 40.82 points, or 0.19 percent, to 20,940.51, the S&P 500 lost 4.58 points, or 0.19 percent, to 2,384.19 and the Nasdaq Composite...

  • Earnings vs. the economy

    CNBC's Steve Liesman and CNBC Contributor Ron Insana discuss the seemingly contradictory performance of the U.S. economy and the stock market.

  • *MSCI World index poised for best month since 2006. NEW YORK, April 28- World stock markets dipped on Friday, with U.S. equities losing ground after a soft reading on first-quarter economic growth, while the euro strengthened as euro zone inflation rose to hit the European Central Bank's target. "The GDP numbers today are questioning the robustness of the economy...

  • Dollars dollar

    U.S. companies are holding $2.6 trillion in cash overseas, according to new research.

  • April 28- U.S. stocks were slightly lower in early afternoon trading on Friday after data showed the economy grew at its weakest pace in three years in the first quarter. Other data showed that the University of Michigan's final April consumer sentiment index was at 97, below analysts' expectations of 98.. "The U.S. consumer spending is the most sensitive part of...

  • *MSCI World index poised for best month since 2006. NEW YORK, April 28- World stock markets dipped on Friday, with U.S. equities stalling after a soft reading on first-quarter economic growth, while the euro strengthened as euro zone inflation rose to hit the European Central Bank's target. First-quarter earnings are currently expected to grow by 13.6 percent,...

  • Q1 GDP comes out weaker than expected. *U.S. core PCE, an inflation gauge, is at 2 percent. NEW YORK, April 28- U.S.

  • *Q1 GDP up 0.7 pct vs. est. 1.2 pct rise. April 28- U.S. stocks were slightly lower in late morning trading on Friday after data showed the economy grew at its weakest pace in three years in the first quarter. "The GDP numbers today are questioning the robustness of the economy and throughout the week we've seen the impact of doubts whether the Trump administration can...

  • NEW YORK, April 28- U.S. interest rate futures were steady to marginally lower on Friday as traders saw the Federal Reserve as being on track to raise interest rates further despite news the U.S. economy grew at its weakest pace in three years in the first quarter. Earlier Friday, the Labor Department said its employment cost index, which measures wages and benefits,...

  • *First-quarter GDP increases at a 0.7 percent rate. WASHINGTON, April 28- The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending barely increased and businesses invested less on inventories, in a potential setback to President Donald Trump's promise to boost growth. Gross domestic product increased at a 0.7 percent...

  • OTTAWA, April 28- The Canadian economy stalled in February after a healthy start to the year but is still on track to meet and possibly exceed the Bank of Canada's forecast for first-quarter annualized growth, analysts said. The Bank of Canada, which cut rates twice in 2015 and has consistently stressed the downside risks to the economy, predicted on April 12 that...

  • *Q1 GDP up 0.7 pct vs. est. increase of 1.2 pct. April 28- U.S. stocks looked set to open little changed on Friday after data showed the economy grew at its weakest pace in three years in the first quarter, while investors remained cautious due to simmering tensions between North Korea and the United States. Amazon rose 3.4 percent at $949.80 in premarket trading, while...

  • NEW YORK, April 28- U.S. Treasury debt yields across the curve rose to session highs on Friday after data showed the U.S. economy in the first quarter grew at its slowest pace in three years, but indicated a more buoyant inflation and employment picture. U.S. gross domestic product grew at a 0.7 percent annual rate, the Commerce Department said, the weakest...

  • OTTAWA, April 28- The Canadian economy stalled in February after robust growth in January as gains in service-producing industries were offset by declines in the goods sector, Statistics Canada said on Friday. Gross domestic product was flat, matching the forecast by analysts in a Reuters poll. The Bank of Canada, which cut interest rates twice in 2015 and has...

  • TREASURY YIELDS ACROSS THE CURVE TOUCH DAY'S HIGHS IN WAKE OF Q1 GDP DATA.