The nation's gross domestic product — the broadest measure of economic activity — grew at an annual rate of 3% in April, May and June, according to a report Wednesday from the Commerce Department.

The U.S. economy expanded faster between April and June than previously estimated, as growth bounced back after slumping in the first quarter, new government data shows. The Commerce Department said ...

Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.

Fresh government data showed the US economy grew at a much stronger pace than initially estimated – news that dented hopes the Federal Reserve’s will cut rates aggressively in the months ahead. Gross ...

For all the spending being done by the so-called hyperscalers, the effect on the broader economy is overstated and pales in ...

The economy grew at a 3.8% annual rate in the second quarter of this year, an upward revision of five-tenths of a percentage point, the Bureau of Economic Analysis reported Thursday morning. The ...

The U.S. economy bounced back in the second quarter amid an uptick in consumer spending and a decline in imports, as the value of American goods and services increased at a higher rate than expected, ...

(TNND) — The U.S. economy outperformed expectations in the second quarter, a significant revision of the gross domestic product showed Thursday. Colorado State University economist Stephan Weiler ...

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Diccon Hyatt is an experienced financial and economics reporter who has covered the pandemic-era economy in hundreds of stories over the past two years. He's written hundreds of stories breaking down ...

Hugh Cameron is Newsweek U.S. news reporter based in London, U.K. with a focus on covering American economic and business news. Hugh joined Newsweek in 2024, having worked at Alliance News Ltd where ...