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Featured story2 min read

U.S. growth slows to 1.5% as imports climb and consumers keep spending

The U.S. economy expanded at a 1.5% annual rate in the second quarter, down from 2.1% in the first, while consumer spending and private domestic demand strengthened.

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Economy news

14 stories in this desk.
01

New state labor data show wide differences in job openings and worker turnover

The Bureau of Labor Statistics released annual 2025 state estimates and revised monthly data, offering a more detailed view of where employers were hiring and workers were leaving jobs.

By Genuine Update News Desk
02

Median weekly earnings rose faster than consumer prices in the second quarter

Full-time wage and salary workers earned a median $1,251 per week, up 4.6 percent from a year earlier compared with a 3.9 percent increase in consumer prices.

By Genuine Update News Desk
03

White House orders 50% tariffs on selected Canadian goods

Three proclamations target certain Canadian autos, alcoholic beverages and dairy products beginning August 19.

By Genuine Update News Desk
04

U.S. gasoline average climbs back above $4 a gallon

AAA’s daily national average reached $4.003 on July 20, extending a rapid rise tied to renewed instability around the Strait of Hormuz.

By Genuine Update News Desk
05

Consumer sentiment rebounds, but higher fuel costs cloud the outlook

The University of Michigan's preliminary July index rose to a five-month high of 54.4, though most responses preceded renewed fighting with Iran and the latest rise in gasoline prices.

By Genuine Update News Desk
06

FDA lowers a longstanding standard for pasteurized orange juice

A final federal rule reduces the minimum soluble-solids level and allows a limited share of mandarin or tangerine juice in products sold as pasteurized orange juice.

By Genuine Update News Desk
07

Single-family construction slips as U.S. building permits reach a 10-month low

June data show a third monthly decline in single-family starts and weaker permits, even as a surge in apartment projects lifted total housing starts.

By Genuine Update News Desk
08

U.S. retail sales edged up 0.2 percent in June as spending held up

Federal data show a fifth monthly gain in retail spending, although the increase was smaller than May's and the figures are not adjusted for inflation.

By Genuine Update News Desk
09

The Fed sees broad but restrained growth across the U.S.

Eleven of twelve Federal Reserve districts reported slight-to-moderate growth, while higher fuel and input costs continued to pressure households and businesses.

By Genuine Update News Desk
10

Wholesale prices fell in June, but the yearly rate stayed elevated

The producer-price index declined 0.3 percent from May as energy costs dropped, while prices remained 5.5 percent higher than a year earlier.

By Genuine Update News Desk
11

Bipartisan senators propose a forced-vote path for Social Security

The PROMISE Act would create a structured process for Congress to consider a long-term solvency plan, but it does not itself choose benefit or tax changes.

By Genuine Update News Desk
12

Inflation cooled sharply in June. Here's what changed.

Consumer prices fell in June as energy costs retreated, giving households relief while leaving the Federal Reserve with more evidence to weigh.

By Genuine Update News Desk
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