Reported about 10 hours ago
The U.S. economy's growth in the second quarter was revised upward to 3.3%, driven by increased consumer spending and business investment in intellectual property, including AI. Despite a contraction earlier in the year and ongoing challenges from tariffs, corporate profits rebounded by $65.5 billion. Economists anticipate a lackluster second half for growth, estimating a full-year increase of about 1.5%, influenced by trade policies that have significantly raised import duties.
Source: YAHOO