U.S. second-quarter GDP reading lowered to 2% from 2.1%
The numbers: The U.S. economy grew a touch slower in the spring than initially reported owing to declining exports and weak corporate investment, but companies managed to post a sizable increase in profits even as their business outlook dimmed.
Higher consumer outlays helped businesses churn out the first increase in profits in three quarters. Adjusted pretax corporate profits jumped 5.3%. The decline in exports, meanwhile, was revised to 5.8% from 5.2%. The ongoing trade fight with China, a slowing global economy and a strong dollar have combined to hurt U.S. exports.State and local spending also grew a bit more slowly than initially reported.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Amazon Is The Second Company To Report Tesla Solar Panel FireAmazon is the 2nd company to report Tesla solar panel fires by rachsandl
Leer más »
Mary J. Blige Puts Second New Jersey House Up for SaleMary J. Blige put her costly marriage drama in the rearview mirror with her tabloid-tracked 2018 divorce from former husband/manager Kendu Isaacs, whom she’s publicly called a “con-artist,” but the…
Leer más »
Canada's Andreescu eases into U.S. Open second roundCanada's rising talent Bianca Andreescu was cheered to a 6-2 6-4 victory ov...
Leer más »
Endeavor Releases Second Quarter Results Ahead of IPORevenues at Endeavor Content Group increased substantially during the second quarter of 2019, a three-month period that also saw the entertainment company reduce its losses. The company pulled back…
Leer más »
Pusha T Drops Second Song of the Week: ‘Coming Home,’ Featuring Lauryn HillPusha T is back with a vengeance, dropping his second song of the week today: This one is called “Coming Home,” features Lauryn Hill and was produced by Kanye West and Mike Dean. It follows “Sociop…
Leer más »
Tiffany Misses Second-Quarter Sales Estimates, But Beats on EarningsA strong dollar, the diminishing spending power of tourists visiting the U.S. and continued unrest in Hong Kong are all weighing on Tiffany & Co.
Leer más »