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US fourth-quarter GDP growth revised lower to a 0.5% rate
WASHINGTON, April 9 (Reuters) – U.S. economic growth slowed more than previously estimated in the fourth quarter amid downgrades to business investment, including inventory accumulation, but corporate profits increased sharply, government data showed on Thursday. Gross domestic product increased at a downwardly revised 0.5% annualized rate, the Commerce Department‘s Bureau of Economic [...]
Wall Street closes lower, posts weekly loss as war on Iran fuels inflation worries
Wall Street stocks closed lower amid escalating Iran conflict, causing oil price surges and inflation worries, impacting U.S. markets and economic outlook.
US October trade deficit lowest since 2009 as imports decline
The U.S. trade deficit shrank to its lowest level since 2009 in October as imports plunged and exports hit records.
US economic growth accelerates in third quarter
US GDP grew at a 4.3% annualized rate in Q3, topping forecasts as consumer spending jumped despite shutdown headwinds.
New River and Roanoke Valleys see strong economic growth
The New River and Roanoke valleys posted major GDP gains in 2023, with growth fueled by advanced manufacturing, tech innovation, and workforce expansion.
