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US corporate profits rebound in second quarter; GDP growth revised higher
Caterpillar warns tariffs may cost up to $1.5 billion this yearGDP growth not reflective of true economic health due to import swingsBy Lucia Mutikani WASHINGTON, Aug 28 (Reuters) - U.S. corporate profits rebounded in the second quarter, but tariffs on imports are raising costs for businesses, wh...Reuters
an hour ago
US economy grows 3.3% in Q2 vs. 3.1% expected
The United States' Gross Domestic Product expanded at an annual rate of 3.3% in the second quarter, the US Bureau of Economic Analysis (BEA) announced on Thursday. This print came in better than the initial estimate and the market expectation of 3% and 3.1%, respectively.Fxstreet
an hour ago
US weekly jobless claims fall amid low layoffs
WASHINGTON, Aug 28 (Reuters) - The number of Americans filing new applications for jobless benefits fell last week, but tepid hiring could raise the unemployment rate to 4.3% in August. Initial claims for state unemployment benefits decreased 5,000 to a seasonally adjusted 229,000 for the week e...Reuters
an hour ago
India's small businesses scramble to cushion blow from Trump's 50% tariffs
Tens of thousands of enterprises seek new markets in Europe, Africa and Asia to sidestep US tariff spikeExporters front-loaded shipments ahead of tariff hike deadlineIndian government yet to announce support, instead urges firms to explore alternative marketsExports to US represent about 2.2% of Ind...Reuters
2 hours ago
