Business & Economy

US economy expanded at stronger 2.6 percent rate in Q2

Published: Friday, July 28, 2017 @ 8:31 AMUpdated: Friday, July 28, 2017 @ 8:30 AM Washington — The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending. But the growth spurt still fell short of the optimistic goals President Donald Trump hopes to achieve through tax cuts and regulatory ...

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US economy expanded at stronger 2.6 percent rate in Q2 | Depend On WOKV – Jacksonville’s News, Weather, and Traffic

WASHINGTON –  The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending. But the growth spurt still fell short of the optimistic goals President Donald Trump hopes to achieve through tax cuts and regulatory relief. The Commerce Department said Friday that growth in the gross domestic product, the economy’s ...

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US economy rebounds to 2.6% growth in Q2, Economy News & Top Stories

WASHINGTON (REUTERS, BLOOMBERG) – The US economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, confirming that the sluggish performance early in the year was temporary. Gross domestic product increased at a 2.6 per cent annual rate in the April-June period, which included a boost from trade, the Commerce Department said in ...

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U.S. Growth Accelerates, but Remains Short of Pace Promised by Trump

She cited impressive earnings reports from McDonald’s and Caterpillar recently, and currency gains should serve as a tailwind for corporate profits later this year. In the first quarter of this year, the economy expanded at an annual rate of 1.2 percent, a disappointing showing by any measure and one that followed slow seasonal starts over the past several years. As ...

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AI set to impact business, economy

Traditional factors of production – capital and labour – are showing declining ability to drive economic growth. But artificial intelligence (AI), as a new a new factor of production, may provide the kickstart the economy needs.This is the word from Rory Moore, innovation lead at Accenture and a contributor to a new white paper from Accenture and the Gordon Institute ...

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Etihad reports $1.87bn loss on Airberlin, Alitalia impairments

LONDON: Etihad Airways reported a net loss of $1.87 billion last year despite carrying record passenger numbers as losses from some of its equity alliance partners hit home. The Abu Dhabi-based carrier said it took total impairments of $1.9 billion — including an $808 million charge on exposures to equity partners, mainly related to Alitalia and Airberlin. Fuel hedging costs ...

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Indian businesses blindsided by still unclear sales tax rules

India’s nationwide sales tax was meant to unify the $2 trillion economy and make it easier for companies to transact across state borders. Nearly a month on, many are finding that doing business is more complicated than ever. Ambiguous rules under the new, multi-rate Goods and Services Tax (GST) tax that went into effect on July 1 have left firms ...

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Euro zone lending growth unexpectedly weak in June

FRANKFURT: Growth in bank lending was unexpectedly weak in June, European Central Bank data showed on Thursday, a potentially worrying sign for policymakers even if a one-off factor may have contributed to the slowdown.Lending to euro zone non-financial corporations slowed to 2.1 percent in June from 2.5 percent in May, when it hit its best level since the start of ...

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