NEW YORK - Stocks rose Friday and bond prices fell after the government reported that U.S.
WASHINGTON - The economy grew at a much slower pace this spring than previously estimated, mostly due to the largest surge in imports in 26 years and a slowdown in companies' restocking of goods, The nation's gross domestic product - the broadest measure of the economy's output - grew at a 1.6 percent annual rate in the April-to-June period, the Commerce Department said Friday.
NEW YORK - Borrowers, take note: Interest rates may have found their bottom.
NEW YORK - The dollar zigzagged Friday after Federal Reserve Chairman Ben Bernanke laid out steps the central bank would consider to bolster a weakening economy, but was valgue on the specifics.
Prices at gasoline stations across the country should keep dropping as travelers hit the road for late-summer trips.
- US growth revised to 1.6 percent in second quarter
- Stocks rise after 2nd quarter GDP news; Bonds slip
- Bernanke: Fed will take action if economy falters
- Economic growth slows to 1.6 pct. in the spring
- Summary Box: Treasurys soar on Bernanke's outlook
- Interest rates plunge on Bernanke's downbeat view
- Oil falls below $77 as supplies grow
- Bernanke: Fed to hold off on steps to aid recovery
- Dollar gains as Bernanke wary on economic recovery
- Stocks drop as Bernanke warns of uncertain economy
- How the major stock indexes fared Wednesday
- Business Highlights
- A look at economic developments around the globe