The U.S. economy has a sound engine. It just keeps running into potholes. That's the message economists expressed Friday after the government revised down its estimate of meager 0.2% growth at an annual rate in the first quarter to a 0.7% contraction.
Edward Gilligan, a high-ranking official at credit card giant American Express, died on Friday after becoming “seriously ill” on one of the company's corporate jets, the company said.
NEW YORK Global equity markets and bond yields both fell on Friday, as data showed the U.S. economy contracted in the first quarter and as investors were unnerved by mixed signals from Greece's debt talks.
U.S. stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes still posted gains for the month.
1. Real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- decreased at an annual rate of 0.7 percent in the first quarter of 2015, according to the "second" estimate released by the ...