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Gross domestic product rose 6.7 percent in the first quarter from a year earlier, the statistics authority announced Friday, meeting the median projection of economists Bloomberg surveyed and in line with the government growth target of 6.5 percent to 7 percent for the full year. Industrial output, fixed-asset investment and retail sales all picked up in March.
 
If they would raise the interest rates my bank gives me on my savings it would be great, but I don't think Big Money wants us to take our money out of the Markets!
 
Facebook:

  • Second-quarter sales climbed 59 percent to $6.44 billion, compared with the $6.01 billion average estimate of analysts surveyed by Bloomberg.
  • Profit, excluding some items, was 97 cents a share, the Menlo Park, California-based company said Wednesday in a statement. Analysts had predicted 82 cents on average.
  • Facebook now has 1.71 billion monthly users, up from 1.65 billion in the prior quarter. Daily users rose to 1.13 billion.
  • The company now makes 84 percent of its advertising revenue from mobile.
  • Facebook shares rose more than 7 percent in extended trading. The company had gained 1.8 percent to $123.34 at the close in New York, and has climbed 18 percent so far this year.
 
U.S. Second-Quarter GDP Growth Comes In Well Below Expectations

07/29/16 08:45 AM EDT
By Eric Morath and Jeffrey Sparshott

WASHINGTON--The U.S. economic growth sputtered this spring with cautious businesses largely offsetting more robust consumer spending.

Gross domestic product, the broadest measure of goods and services produced across the U.S., grew at a seasonally adjusted annual rate of 1.2% in the second quarter, the Commerce Department said Friday. The figure was well below the 2.6% growth economists surveyed by The Wall Street Journal had forecast.


U.S. Second-Quarter GDP Growth Comes In Well Below Expectations
 
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