The U.S. economy contracted more than previously estimated in the first three months this year, according to fresh government data released on Thursday, with consumer spending and exports both weaker than expected.
U.S. gross domestic product (GDP) decreased at an annual rate of 0.5% in the first quarter, according to the Department of Commerce.
» Read more about: US economy shrinks by 0.5% in Q1, more than initially estimated »
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The US economy contracted at a 0.5% annualised rate in the January-March quarter,
Billionaire investor and hedge fund manager Steven A. Cohen moves with speed and agility when it comes to investing. The New York Mets owner recently bet over £240.72 million ($330 million) across two stock trades, according to the latest regulatory filings.
Cohen bumped his stake in data streaming tech company Confluent (NASDAQ:CFLT) by 1,163% or 13.32 million shares at an average price of £16.97 ($23.26),
Investing
You need to make an informed Social Security claiming choice, as these benefits are an important income source.
Social Security can be claimed between the ages of 62 and 70,
» Read more about: 20 Things to Know Before Claiming Social Security »
Palantir Technologies (NASDAQ: PLTR) soared 85% this year as of June 23. The data analytics company expects to grow its top line by more than 36% in 2025 as its robust artificial intelligence (AI) platform has been experiencing a surge in demand.
» Read more about: Will Palantir Technologies Stock Reach a $1 Trillion Valuation by 2027? »
Nvidia (NASDAQ: NVDA) stock has lost some of its momentum this year after gaining 1,400% over the past five years.
» Read more about: Can Investing $10,000 in Nvidia Stock Make You a Millionaire? »
THE Department of Trade and Industry (DTI) said prices of basic necessities and prime commodities remain stable even in the face of major geopolitical upheavals.
“We understand that even slight increases in the prices of basic goods can be felt deeply by ordinary families,” Trade Secretary Ma.
In a move that could reshape how Americans buy homes, the US government has directed major mortgage players to begin preparing plans to accept cryptocurrency as an asset when evaluating mortgage applications, according to a report by CNN Business. William “Bill” Pulte, who oversees the Federal Housing Finance Agency (FHFA), announced the decision in a social media post on Wednesday.
Mutual funds investing in debt securities are among the most secure investment options that provide regular income while protecting the capital invested. Funds that are part of this category bring a great deal of stability to portfolios with a large proportion of equity while providing dividends more frequently than individual bonds.
» Read more about: Steady and Secure: 3 Short-Term Bond Funds Worth Buying »
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Apollo chief economist Torsten Slok elaborates on risks facing the U.S. economy on ‘Barron’s Roundtable.’
The U.S. economy contracted in the first quarter as tariffs caused importers to surge shipments before higher levies took effect.
The Commerce Department’s Bureau of Economic Analysis (BEA) released its third estimate for first quarter gross domestic product (GDP),
» Read more about: US economy shrank 0.5% in the first quarter of 2025 amid tariff uncertainty »