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WASHINGTON -- Growth in the nation's economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers -- the main driver of the economy -- kept spending at a solid pace.
The UK stock market is shrinking at its fastest pace in history amid a wave of foreign takeovers which have propelled the FTSE 100 to its strongest week in eight months.
By PAUL WISEMAN Associated Press
Hopes of a looming interest cut rate from the Federal Reserve are continuing to fade away as hot economic data keeps bringing disappointing results for the cent
WASHINGTON, D.C.: The US economy cooled markedly in the first three months this year, expanding less than anticipated as consumer spending and exports decelerated, according to government data released on Thursday.