Page 2 - Us Gdp
Sensex atop Mt 61,000, just 1% away from fresh the all-time highs
Benchmark indices gained in 11 of the past 12 trading sessions
 "Sensex atop Mt 61,000, just 1% away from fresh the all-time highs")
Stay invested in US funds even if returns aren't attractive currently
It helps to diversify geographically; while YTD returns of Indian markets are positive and US markets negative, the opposite will also happen at some other time
 "Stay invested in US funds even if returns aren't attractive currently")
Rupee gains vs dollar as weak US GDP data softens Fed rate hike view
Dollar index falls as a contraction in US GDP eases Fed hike fears
 "Rupee gains vs dollar as weak US GDP data softens Fed rate hike view")
US Prez Biden dismisses fear of recession even as GDP doubles down
Joe Biden and top officials have dismissed fears of US economy sinking into a recession as doubling down of GDP growth rates in two successive quarters at around 0.9 per cent did not mean recession
US GDP shrank 0.9% in Q2, its second straight drop, raising recession odds
Consecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession
 "US GDP shrank 0.9% in Q2, its second straight drop, raising recession odds")
US economy contracts 1.6% in first quarter amid record trade deficit
The US economy grew at a robust 6.9% pace in the fourth quarter
 "US economy contracts 1.6% in first quarter amid record trade deficit")
US economy contracted by 1.5% in Q1, but consumers kept spending
Last quarter's drop in the US gross domestic product the broadest gauge of economic output does not likely signal the start of a recession.
 "US economy contracted by 1.5% in Q1, but consumers kept spending")
US goods trade deficit hits record high; Q1 GDP growth estimates slashed
The goods trade deficit jumped 17.8% to an all-time high of $125.3 billion.
 "US goods trade deficit hits record high; Q1 GDP growth estimates slashed")
US weekly jobless claims fall; Q4 GDP growth revised slightly up
Initial claims for state unemployment benefits decreased 17,000 to a seasonally adjusted 232,000 for the week ended Feb.19, the Labor Department said on Thursday
 "US weekly jobless claims fall; Q4 GDP growth revised slightly up")
US' Q2 economic growth revised slightly higher; weekly jobless claims rise
Gross domestic product increased at a 6.6% annualized rate, the Commerce Department said on Thursday in its second estimate of GDP growth for the April-June quarter
 "US' Q2 economic growth revised slightly higher; weekly jobless claims rise")
US economic growth in April-June remains unrevised at annualised 6.4%
The US economy grew at an annual rate of 6.4 per cent in the first quarter of 2021, the Commerce Department said in its second estimate.
 "US economic growth in April-June remains unrevised at annualised 6.4%")
US economic recovery gains steam as spending fuels 6.4% GDP growth in Q1
Personal consumption, the biggest part of the economy, surged an annualised 10.7%, the second-fastest since the 1960s
 "US economic recovery gains steam as spending fuels 6.4% GDP growth in Q1")
Asian stocks set to mostly rise after Federal Reserve projects US GDP surge
Asian stocks were set for modest gains after the Federal Reserve pledged to keep monetary policy and rates unchanged and projected a rapid jump in US economic growth this year as the pandemic eases
 "Asian stocks set to mostly rise after Federal Reserve projects US GDP surge")
Warren Buffett's favourite valuation metric is ringing an alarm
Any Buffett disciple who checks in on the billionaire investor's favourite market valuation metric these days may get the urge to shriek in terror
 "Warren Buffett's favourite valuation metric is ringing an alarm")
Goldman Sachs boosts US GDP estimate, sees Covid-19 relief at $1.5 trillion
On an annual basis, they raised their forecasts for 2021 and 2022 growth by 0.2 percentage points each, to 6.8% and 4.5%, respectively
 "Goldman Sachs boosts US GDP estimate, sees Covid-19 relief at $1.5 trillion")
Wall Street opens higher shrugging off bleak GDP, jobless claims data
The Dow Jones Industrial Average rose 74.0 points, or 0.24%, at the open to 30377.19
 "Wall Street opens higher shrugging off bleak GDP, jobless claims data")
JPMorgan sees US economy contracting next year as Covid-19 surge hits biz
The world's largest economy is expected to shrink at a 1% annualized pace in the January-to-March period, JPMorgan said in its 2021 U.S. outlook issued Friday
 "JPMorgan sees US economy contracting next year as Covid-19 surge hits biz")
US economy falls 31.4% in spring; may shrink for the first time since 2009
The government will not release its July-September GDP report until Oct. 29, just five days before the presidential election
US budget deficit debt to hit $3.3 trillion, bigger than its economy's size
The spike in the deficit means that federal debt will exceed annual gross domestic product next year
 "US budget deficit debt to hit $3.3 trillion, bigger than its economy's size")
US GDP in Q2 to contract by annualised rate of 37% due to Covid-19: IMF
The longest economic expansion in US history has been derailed by the unanticipated advent of the Covid-19 pandemic
 "US GDP in Q2 to contract by annualised rate of 37% due to Covid-19: IMF")
