US economic growth slows to 1.5% in second quarter

The economy grew at an annual rate of 1.5% in the three months to June, down from 2.1% seen in the previous quarter.

Microsoft's Goldilocks AI Quarter

Microsoft's blockbuster earnings sparked a major rally as TD Cowen's Derrick Wood joins Bloomberg TV to explain why this was the perfect "Goldilocks" quarter. From accelerating Azure growth and improving AI economics to surging Copilot adoption, here's why Wall Street believes Microsoft's AI story is getting even stronger. (Source: Bloomberg)

U.S. Economy Grew More Slowly in the Second Quarter

Gross domestic product expanded at a 1.5 percent annual rate over the past three months, as war in the Middle East shook energy prices and supply chains.

By Talmon Joseph Smith

US economy grew less than expected at 1.5% rate in second quarter

Slowdown comes amid continued impact from Middle East war

Economy slowed in second quarter, while inflation improved

The economy slowed to 1.5 percent growth in the second quarter, the Commerce Department said Thursday. Inflation cooled to 3.3 percent, but stayed well above the Federal Reserve's target.

By David J. Lynch

US economy grows sluggish 1.5% in second quarter as inflation tops Fed target

Consumer spending remained resilient even as policymakers kept interest rates on hold The US economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose. And the Federal Reserve’s favored measure of inflation grew more slowly last month, but remained above the central bank’s 2% target. The commerce department reported Thursday that growth in US gross domestic product (GDP) – the nation’s output of goods and services – decele...

By Associated Press

The economy slowed a bit -- but Americans continued to spend

The U.S. economy grew at an annual rate of 1.5% in the spring, according to the Commerce Department. That's a modest slowdown from the previous quarter — but consumer spending picked up steam.

By Scott Horsley

Supreme Court tariff, birthright citizenship decisions cost US 'TRILLIONS,' Trump says

President Donald Trump asserted that the U.S. Supreme Court's decisions on tariffs and birthright citizenship have cost the country "TRILLIONS."

US hits multiple targets in Iran as IRGC pledges retaliation: What we know

Jordan said it intercepted missiles shortly after the US struck Iranian sites including Qeshm and Bushehr.

Stocks making the biggest moves midday: Meta, Microsoft, MarketAxess, Crocs & more

These are the stocks posting the largest moves in midday trading.

Could US subterranean warfare be a future threat to China’s military defences?

The United States could be developing underground warfare powers and China should guard against the potential threat to its national security, Chinese think tanks have warned. As drones and precision-guided weapons increasingly dominate ground combat in conflicts, military theorists are exploring the strategic potential of subterranean space as a possible dimension of future warfare. Palmer Luckey, founder of defence technology company Anduril, has promoted the concept of a “subterrene” – a...

By Liu Zhen

The American Dream at the Hungarian National Museum

A temporary exhibition highlights the stories of some of the notable Hungarians who tried their luck in the United States during the country's 250-year history.

By Klág Dávid

US launches wave of strikes on Iran in response to Tehran missile attack in Jordan

The US military completed a "heavy wave of strikes" against Iran on Thursday in retaliation against Tehran targeting American bases in Jordan, as fighting intensified in the Middle East war after a nearly week-long pause. The reignited hostilities have drawn in the Islamic republic's proxies, and appear to have dashed hopes of a quick return to negotiations between the foes. US President Donald Trump had vowed to hit Iran "hard" after Tehran launched missiles at Jordan, its first regional str...

By FRANCE24

Americans are spending plenty — but they’re saving much less

Consumer spending rose again in June to cap off a strong second quarter, but households had to dig deep into their savings to pay for their purchases after a recent surge in inflation.

By Jeffry Bartash

Meta's future AI data center lease obligations swell to over a quarter trillion dollars

Meta CEO Mark Zuckerberg. Bloomberg/Getty Images Meta said its future lease obligations, tied largely to AI data centers, swelled to $279 billion. That figure, disclosed in a Thursday securities filing, represents a 53% jump from three months earlier. Meta said it signed another $68 billion in AI data center leases after the quarter ended. Meta has more than a quarter trillion dollars in future lease obligations — largely tied to AI data centers — as the tech giant races to build out its ar...

Garmin Cirqa And Forerunner Under Spotlight At Garmin Earnings Call

Strong results have seen a jump in Garmin's share price, thanks to strong fitness wearable sales. CEO Cliff Pemble also talked all things Cirqa at the earnings call.

By Andrew Williams, Contributor

Angry Trump hits out at Supreme Court justices over cost of his losses

President claims highest court has deprived U.S. of ‘trillions and trillions of dollars’ by ruling against him

By Joe Sommerlad

The big problem with Meta glasses: Does recording and sharing everything put us at risk?

As smart glasses equipped with tiny cameras become increasingly popular, concerns are growing over their potential misuse, particularly against women

By Marita Alonso

Fed interest-rate decision rocks Wall Street's inflation fears

US signs mega $58.6bn deal for Patriot missiles as stock runs low amid Iran war

The United States awarded Lockheed Martin a significant contract for Patriot interceptor missiles. This deal ensures long-term production of crucial air defence interceptors for the US Army. Concerns over dwindling missile stockpiles influenced this major procurement decision. The agreement aims to triple production capacity and boost employment at a key facility. This expansion supports broader Pentagon efforts to accelerate weapons manufacturing globally.

By AYUSH PANDEY

SiriusXM Adds 22K Subscribers, But Shares Fall After Earnings Miss

The company reported net income of $239 million, or $0.70 per share, which slightly missed analyst expectations.

By Caitlin Huston

US strikes $58.6 billion Patriot missile deal amid rising stockpile concerns

The contract is expected to dramatically increase the United States' interceptor inventory, which has been depleted by the wars involving Iran and Ukraine

AMC Global Media Stock Drops On Q2 Earnings Miss

As it announced a $500 million renewal of The Walking Dead with Netflix, AMC Global Media also reported second-quarter results below Wall Street’s expectations. Shares in the media company, which have revived recently after a long spell in the doldrums, sank 6% on the earnings news in pre-market trading. Total revenue slid 9% from the […]

By Dade Hayes

US economic growth slows in second quarter, missing expectations

Wall Street climbs higher after the latest GDP and inflation figures land

Italy's GDP grew by 0.2% in second quarter says Istat

(ANSA) - ROME, JUL 30 - Italy's Gross Domestic Product (GDP) increased by 0.2% in the second quarter of this year with respect to the previous three months and by 1.0% compared to the same quarter in 2025, according to preliminary data released by Istat on Thursday. The national statistics agency said the year-on-year growth figure was up from 0.8% in the first quarter. It added that it has revised up its forecast for Italian growth for 2026 as a whole by 0.2 of a percentage point from 0.6% t...

By ANSA

US resumes Iran strikes as war ‘widens’

“We are going to be hitting them very hard because it’s our turn,” President Donald Trump said

By Arion McNicoll, The Week UK

US military says it hit dozens of Iran's IRGC targets

Iran's state media reported that three people were killed in US strikes on Qeshm Island

By Reuters

Carvana Crashes After Earnings Outlook Disappoints Wall Street

Carvana Crashes After Earnings Outlook Disappoints Wall Street Carvana shares plunged in premarket trading after the online used-car retailer issued full-year earnings guidance that may fall short of Wall Street expectations, as vehicle sales growth slowed and profit per car declined. The outlook raises questions about whether Carvana's rapid expansion can justify its high stock valuation. Carvana reported a record second-quarter adjusted EBITDA of $769 million, narrowly beating...

By Tyler Durden

US Stocks Rally With Boost From Microsoft’s Surge; Chips Jump

US stocks rose at the open on Thursday as Microsoft Corp. soared 16% after reporting the fastest cloud unit growth in four years. Top semiconductor companies, like Micron Technology Inc. and Nvidia Corp., gained as well.

By Felice Maranz

Baby Busts and GDP Booms: Demographic Change and the Macroeconomy

Good news of sorts from the economic front: An aging population, aka demographic decline, does not lower GDP or earnings growth.

By Yves Smith

Microsoft tops earnings estimates as Azure, AI drive growth

Microsoft posted strong results for its quarterly earnings on Wednesday, beating expectations and showing strong growth in its cloud computing platform and a boost in paid AI users...

Dangote Cement revenue hits N2tn on strong local demand

Dangote Cement Plc reports N2.514tn revenue for H1 2026, a 21.35% increase, driven by strong local demand and operational efficiency. Learn more about Dang Read More: https://punchng.com/dangote-cement-revenue-hits-n2tn-on-strong-local-demand/

By Punch Newspapers

Iran’s Guards say three members killed in US attack on northwest

Iran's Revolutionary Guards said on Thursday that three of its members were killed in an attack by the United States on the northwestern province of Zanjan. The post Iran’s Guards say three members killed in US attack on northwest appeared first on Vanguard News.

By Ayobami

Dutch economy still trudging along despite global unrest; 0.4% growth in Q2

The Dutch gross domestic product (GDP) rose by 0.4 percent in the second quarter of 2026 compared to the previous quarter, Statistics Netherlands (CBS)

By 90609

EY urges continued reform as Ghana’s economy records strong mid-year performance

The analysis, published in 2026 Mid-Year Budget Insights, notes that Ghana has made significant progress in restoring macroeconomic stability during the first half of 2026.

By Charles Nixon