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US Gross Domestic Product, Second Quarter 2025 (Advance Estimate)
Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2025 (April, May, and June), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent. The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decreases in investment and exports. For more information, refer to the "Technical Notes" below. Compared to the first quarter, the upturn ... (full story)
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U.S. economy grew at a 3% rate in Q2, a better-than-expected pace even as Trump’s tariffs hit
The U.S. economy grew at a much better than expected pace in the second quarter, powered by a turnaround in the trade balance and renewed consumer strength, the Commerce Department reported Wednesday. Gross domestic product, a sum of goods and services activity across the sprawling U.S. economy, jumped 3% for the April-through-June period, according to figures adjusted for seasonality and inflation. That topped the Dow Jones estimate for 2.3% and helped reverse a decline of 0.5% for the first quarter that came largely due to a huge drop in imports, which subtract from the total, as well as a weak consumer spending ... (full story)
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From prnewswire.com|Jul 30, 2025|20 commentsPrivate sector employment increased by 104,000 jobs in July and pay was up 4.4 percent year-over-year according to the July ADP National Employment Report® produced by ADP ...
From @realDonaldTrump|Jul 30, 2025|10 comments
Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country. Also, they have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST. THANK YOU FOR YOUR ATTENTION TO THIS MATTER. MAGA!
From channelnewsasia.com|Jul 30, 2025Indonesia will raise taxes on cryptocurrency transactions, with a higher rate on trades hosted by overseas bourses, starting from August 1, according to a new finance ministry ...
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From @realDonaldTrump|Jul 30, 2025|22 comments2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! “Too Late” MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!
From cnbc.com|Jul 30, 2025Attitudes on Capitol Hill toward exchange-traded funds and cryptocurrency may be changing. Teucrium CEO and CIO Sal Gilbertie told CNBC’s “ETF Edge” regulators are becoming “more ...
From morningstar.com|Jul 30, 2025It may be "stablecoin summer" for crypto investors celebrating the passage of a U.S. law that brings regulatory clarity and is helping to speed institutional adoption of the ...
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