The market sell-off didn't stop these wealthy investors from buying shares of three popular stocks in the second quarter. Read More...
Associated Press
US economy drops at 0.6% annual rate from April through June
Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, unchanged from its previous second-quarter estimate. Most economists, citing a strong and resilient American job market, believe the world’s biggest economy is not yet in a downturn. Employers are adding an average 438,000 jobs a month this year, on pace to be the second-best year for hiring (behind 2021) in government records going back to 1940.
