The Commerce Department released its third estimate of U.S. gross domestic product for the first quarter and found the economy contracted at an annual rate of 0.5%.

The Commerce Department released its third estimate of U.S. gross domestic product for the first quarter and found the ...

Amid the tariffs introduced by US President Donald Trump, fears of a recession loom in America as the US witnessed a decline in personal income and consumer spending in May ...

The US economy remains on track to rebound in the second quarter after the modest contraction in Q1, but the expected bounce ...

In May, both US imports and exports contracted, with the trade deficit widening further. Analysts said that the latest data ...

Read More: What Analysts Are Saying About Q1's GDP Decline Consumer Spending Is at Odds With Consumer Sentiment. ... Source: US Bureau of Economic Analysis. Data as of Mar. 31, 2025.

In an unexpected economic development, personal income in the United States has decreased for the first time since 2021, ...

The trade gap increased 18.7% to $71.5 billion in May, the Commerce Department's Bureau of Economic Analysis said on Thursday ...

The Conference Board's "Leading Economic Index" fell in May, as the economy continues to slide toward a potential recession.