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World 27 Nov 2024 | 10:24 PM

U.S. Q3 GDP unrevised at annual rate of 2.8 pct

WASHINGTON, Nov. 27 (Xinhua) -- The U.S. gross domestic product (GDP) grew at an annual rate of 2.8 percent in the third quarter of this year, the U.S. Department of Commerce reported in the second estimate released Wednesday.

World 21 Dec 2023 | 07:52 PM

U.S. Q3 GDP growth revised down to annual rate of 4.9 pct

WASHINGTON, Dec. 21 (Xinhua) -- The U.S. real gross domestic product (GDP) growth in the third quarter of 2023 was revised down to an annual rate of 4.9 percent in its third and final estimate, the Commerce Department reported on Thursday.

World 29 Nov 2023 | 04:57 PM

U.S. Q3 GDP growth revised up to annual rate of 5.2 pct

WASHINGTON, Nov. 29 (Xinhua) -- The U.S. real gross domestic product (GDP) growth in the third quarter of this year was revised up to an annual rate of 5.2 percent, compared with 4.9 percent in the "advance" estimate, the Commerce Department reported on Wednesday.

World 29 Nov 2023 | 05:13 PM

1st LD Writethru: U.S. Q3 GDP growth revised up to annual rate of 5.2 pct

WASHINGTON, Nov. 29 (Xinhua) -- The U.S. real gross domestic product (GDP) growth in the third quarter of this year was revised up to an annual rate of 5.2 percent, compared with 4.9 percent in the "advance" estimate, the Commerce Department reported on Wednesday.

World 26 Oct 2023 | 05:29 PM

U.S. GDP grows at annual rate of 4.9 pct in third quarter

WASHINGTON, Oct. 26 (Xinhua) -- The U.S. real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, outpacing expectations, the Commerce Department reported on Thursday.

World 29 Aug 2024 | 06:39 PM

U.S. GDP growth in Q2 revised up to annual rate of 3.0 pct

WASHINGTON, Aug. 29 (Xinhua) -- U.S. gross domestic product (GDP) growth rate rose at an annual rate of 3.0 percent in the second quarter of this year, the Department of Commerce reported in its second estimate released on Thursday.

World 28 Mar 2024 | 06:49 PM

U.S. Q4 GDP slightly revised up to 3.4 pct in final estimate

WASHINGTON, March 28 (Xinhua) -- The U.S. real gross domestic product (GDP) growth in the fourth quarter of 2023 was slightly revised up to an annual rate of 3.4 percent in the third and final estimate, the Commerce Department reported on Thursday.

World 30 July 2020 | 10:03 PM

Spotlight: U.S. economy sees sharpest contraction in decades as COVID-19 recession deepens

WASHINGTON, July 30 (Xinhua) -- The U.S. economy saw the sharpest contraction in decades between April and June as the country grappled with the fallout of COVID-19 lockdowns, indicating the depth and severity of the pandemic-induced recession.

World 25 Nov 2020 | 10:47 PM

Roundup: U.S. Q3 GDP growth unrevised in second estimate, recovery to slow down in Q4

WASHINGTON, Nov. 25 (Xinhua) -- U.S. economic activity in the third quarter grew at an annual rate of 33.1 percent in a second estimate, after a sharp contraction in the previous quarter, the Commerce Department reported on Wednesday.

Drones 30 June 2023 | 03:00 AM

Drone deployed to fight mosquitoes in Southern California

A drone flies over a peaceful Southern California marsh and unleashes a rain of larvae-killing bacterial spore pellets. Its target: a surging population of mosquitoes that can spread diseases to humans.

World 27 July 2023 | 06:14 PM

U.S. GDP grows 2.4 pct in second quarter

NEW YORK, July 27 (Xinhua) -- U.S. real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the second quarter of 2023, faster than expected, according to the Commerce Department's report released on Thursday.

Business 5 May 2023 | 11:00 PM

Fed rate hikes are weighing on the housing market

CONSTRUCTION jobs are set to become the next victim of high interest rates as the housing backlogs that have helped keep demand for workers steady start to diminish.

World 1 Mar 2023 | 04:15 PM

U.S. construction spending slides a tad in January

WASHINGTON, March 1 (Xinhua) -- U.S. construction spending slid 0.1 percent in January to 1.826 trillion U.S. dollars, according to data released Wednesday by the Commerce Department.

Banking 31 May 2022 | 05:26 AM

Affin Bank promotes renewable energy via Affin Solar Financing-i

KUALA LUMPUR: Affin Bank Bhd and Affin Islamic Bank Bhd have launched AFFIN Solar Financing-i, a sustainable and personal financing plan for retail customers to purchase and install Solar Photovoltaic System (SPV) at residential and nonresidential properties.

World 28 July 2022 | 04:12 PM

2nd LD Writethru: U.S. GDP shrinks 0.9 pct in Q2 after Q1 contraction

WASHINGTON, July 28 (Xinhua) -- The U.S. economy shrank at an annual rate of 0.9 percent in the second quarter after a 1.6-percent contraction in the previous quarter, the U.S. Commerce Department reported Thursday.

Economy 28 July 2022 | 09:58 PM

US teetering on brink of recession as GDP contracts in second quarter

WASHINGTON: The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, raising the risk that the economy was on the cusp of a recession.

China 8 Apr 2022 | 02:33 AM

Shanghai vows that residents will get daily necessities

SHANGHAI (China Daily/Asia News Network): The Shanghai government vowed on Thursday (April 7) to ensure its 25 million residents receive daily necessities, as the citywide lockdown to prevent the spread of Covid-19 reached its seventh day.

Technology 3 May 2021 | 06:02 PM

Sticking with remote work? Businesses are betting on it

SAN FRANCISCO (Reuters) - U.S. businesses have been spending more on technology than on bricks and mortar for more than a decade now, but the trend has accelerated during the pandemic, one more sign that working from home is here to stay.

Economy 17 Nov 2020 | 10:59 PM

US retail sales lose speed as pandemic, lack of fiscal stimulus weigh

WASHINGTON: U.S. retail sales increased less than expected in October and could slow further, restrained by spiraling new COVID-19 infections and declining household income as millions of unemployed Americans lose government financial support

Business 29 Oct 2020 | 02:13 PM

US economy grew 33% in 3Q but Covid-19 scars remain

WASHINGTON: The U.S. economy grew at a record pace in the third quarter as the government injected more than $3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the Covid-19 recession could take a year or more to heal.

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