GDP increased at a 1.6% rate in the first quarter, less than expected
Real GDP was expected to increase 2.4% in the first quarter on a seasonally adjusted basis, according to economists surveyed by Dow Jones.
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Many large U.S. cities are in deep financial trouble. Here's why
Many U.S. cities are facing substantial financial challenges as inflation lingers and pandemic-era stimulus dries up.
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10-year Treasury yield jumps to highest level in more than 5 months after GDP report
U.S. Treasury yields rose on Thursday as investors digested a GDP report that showed slowing growth.
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Ukraine war live updates: Russian strikes hit Ukrainian critical infrastructure; Macron warns ‘our Europe could die'
The French leader said Europe was unprepared for its military and economic challenges, and that the Russia-Ukraine war is a ‘principal danger’ for the continent
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Inflation, operating costs had the biggest impact on Asian firms last year, survey shows
Higher costs had the biggest impact on Asian businesses in 2023, even as they grappled with a global slowdown and rising interest rates, a survey by UOB showed.