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U.S. Economy Stalls in First Quarter as Activity Weakens Broadly

Economic growth in the U.S. registered a frail 0.5% in the first quarter; the worst showing since Q1 of 2014.  A strong dollar and a drive by businesses to draw down inventories contributed, as did slow investment due to low oil prices.  However, Lucia Mutikani discusses that analysts are optimistic the pace will pick up as some stifling factors fade in coming quarters. To read the full article in Reuters, ...

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It’s Not Just About China: Company Profits to Drop—Again

Earnings Season Likely to Confirm U.S. Profit Recession Major U.S. companies stand a good chance of reporting fourth-quarter results that show earnings have fallen two quarters in a row, marking a recession.  Forecasts call for a 4.2% decline in earnings and a 3.2% decrease in revenue for companies in the Standard & Poor's 500 index.  Bernard Condon, AP business writer, discusses the issues and what to ...

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