• U.S. economy slows in first quarter, but wage growth accelerates

    3 monthes ago - By Reuters

    WASHINGTON - The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but a surge in wages amid tightening labor market conditions and lower tax rates suggested the setback is likely temporary.
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  • Britain: weak growth cast doubts on next BOE move

    3 monthes ago - By Reuters

    With UK GDP numbers for the first quarter pointing to a much sharper slowdown than expected, investors are cutting their bets on a Bank of England rate hike in May. Silvia Antonioli reports.
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  • Pebblebrook Hotel Trust Reports First Quarter 2018 Results and Increases 2018 Outlook

    3 monthes ago - By Hotel News Resource

    Same-Property RevPAR for the quarter fell slightly by 0.2 percent versus 2017 to $195.17. Excluding San Francisco, Same-Property RevPAR rose 0.3 percent versus the prior year. Same-Property ADR increased 0.7 percent from the prior year to $244.44. Same-Property Occupancy decreased 0.8 percent to 79.8 percent. Same-Property Total RevPAR grew 1.7 percent over the same period of 2017 to $288.50.
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  • After Trump's Tweetstorm, Buy Amazon Before It Hits $2,000

    3 monthes ago - By Forbes

    Donald Trump's anti-Amazon rant in early April gave investors a gift. With its first quarter earnings, Bezos proved why his net worth is 40 times that of the president.
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  • Expedia shares rocket higher by 11% on first-quarter jump in bookings

    3 monthes ago - By CNBC

    Shares of Expedia took off after the company reported better-than-expected quarterly earnings and a sharp increase in booking volume.
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  • Softer France and Spain growth clouds ECB policy prospects

    3 monthes ago - By Reuters

    French economic growth slowed slightly more than expected in the first quarter as business investment and exports eased. And, as Silvia Antonioli reports, Spain's latest growth numbers may also stir the debate on whether the euro zone's strong economic recovery is running out steam.
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  • Chevron first-quarter profit beats expectations on rising crude prices

    3 monthes ago - By Reuters

    HOUSTON - U.S. oil producer Chevron Corp posted a better-than-expected first-quarter profit on Friday thanks to rising crude prices and production.
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  • GDP Increases in First Quarter

    GDP Increases in First Quarter

    3 monthes ago - By U.S. Bureau of Economic Analysis

    Real gross domestic product increased 2.3 percent in the first quarter of 2018, according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2017, real GDP increased 2.9 percent.
    GDP highlights
    The increase in real GDP reflected increases in business investment, consumer spending, exports, and inventory investment. Imports, which are a subtraction in the calculation of GDP, increased in the first quarter of 2018.
    The increase in business investment reflected increases in structures (notably mining exploration, shafts, and wells), equipment, and...
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  • Chevron first-quarter profit jumps 36 percent on rising oil prices

    3 monthes ago - By Reuters

    HOUSTON - U.S. oil producer Chevron Corp said on Friday its first-quarter profit jumped 36 percent thanks to rising crude prices and production.
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  • Exxon first quarter profit misses estimates on refining, chemical woes

    3 monthes ago - By Reuters

    HOUSTON - Exxon Mobil Corp , the world's largest publicly traded oil producer, posted a lower-than-expected quarterly profit on Friday as weakness in its chemical and refining operations offset a boost from higher crude prices .
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  • U.S. economy slows in first quarter as consumer spending brakes sharply

    3 monthes ago - By Reuters

    WASHINGTON, April 27 - The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but the setback is likely temporary against the backdrop of a tightening labor market and large fiscal stimulus.
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  • US economic growth slowed to 2.3 percent rate in Q1 as consumer spending weakened

    3 monthes ago - By Chron

    WASHINGTON - US economic growth slowed to 2.3 percent rate in Q1 as consumer spending weakened.
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  • US economic growth slowed to 2.3 percent pace in Q1

    3 monthes ago - By Chron

    WASHINGTON - The U.S. economy slowed to a moderate 2.3 percent annual growth rate in the first quarter as consumer spending turned in the weakest performance in nearly five years.
    Still, the January-March increase was better than expected and was enough to propel growth over the past year to come close to the 3 percent goal set by the Trump administration.
    The Commerce Department says the gain in the gross domestic product, the economy's total output of goods and services, followed a 2.9 percent rise in the fourth quarter and gains above 3 percent in the previous two quarters. It was the...
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  • US economy likely slowed in the first quarter as consumers put off spending

    3 monthes ago - By CNBC

    The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply.
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  • The US economy grew at a better-than-expected 2.3% in the first quarter

    3 monthes ago - By CNBC

    The initial reading on first-quarter gross domestic product was expected to show a rise of 2.0 percent, compared with the previous quarter's 2.9 percent growth.
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