'Apple iPhone 5 could boost US GDP by up to 0.5%'

Last Updated: Tuesday, September 11, 2012, 09:39

The next generation Apple iPhone 5, which is set to be released on Wednesday could give a significant boost to the struggling US economy in the fourth quarter of the year.

US banks see moderate economic growth with risks

Last Updated: Saturday, June 9, 2012, 13:11

The banking industry group Friday expected the US inflation-adjusted GDP will expand by 2.2 percent this year, compared to 1.6 percent in 2011.

US GDP slows to 2.2% in Q1, below expectations

Last Updated: Friday, April 27, 2012, 19:24

The 2.2 percent overall increase in the economy in the first quarter marked the 11th consecutive quarter that the gross domestic product has expanded since the deep 2007-2009 recession ended in June 2009.

US service firms grow at fastest pace in a year

Last Updated: Tuesday, March 6, 2012, 00:02

US service companies expanded in February at the fastest pace in a year, helped by a rise in new orders and job growth.

Wall Street cuts losses on late buying

Last Updated: Saturday, January 28, 2012, 09:14

US Stocks trimmed losses to end little changed on Friday, as investors saw dips in the market as an opportunity to buy into what has been a strong first month of 2012.

US growth quickens, but speed bumps ahead

Last Updated: Friday, January 27, 2012, 22:52

The US economy grew at its fastest pace in 1-1/2 years in the fourth quarter of 2011, but a strong rebuilding of stocks by businesses and a slower pace of business spending hinted at softer growth early this year.

Gold dips after rally; heads for 4th week of gains

Last Updated: Friday, January 27, 2012, 13:36

Gold fell from a 7-week high on Friday as speculators booked profits ahead of US GDP data, but prices were heading for a fourth week of gains with the Federal Reserve's pledge to keep interest rates near zero for some time supporting sentiment.

US economy losing competitive edge: Survey

Last Updated: Thursday, January 19, 2012, 00:29

The United States is becoming less economically competitive versus other nations, with political gridlock and a weak primary education system seen as the main drag, according to a survey released on Wednesday.

Strong data damps Fed need to buy bonds: Bullard

Last Updated: Sunday, January 8, 2012, 22:07

Signs the US recovery is gaining strength suggest the Federal Reserve may not need to buy any more bonds to spur growth, a top policymaker said on Saturday.

Asian shares up as US data drives year-end

Last Updated: Friday, December 23, 2011, 08:46

Asian stocks edged up on Friday, as signs of a strengthening economy in the United States encouraged a modest year-end rally in riskier assets.

US economy expands 2% in Sept quarter

Last Updated: Tuesday, November 22, 2011, 23:36

The world's largest economy, on the recovery path, was earlier projected to have expanded 2.5 percent in the 2011 September quarter.

Consumers, businesses pump up US Q3 growth by 2.5%

Last Updated: Thursday, October 27, 2011, 19:17

US economic growth increased at its fastest in a year in the third quarter as consumers and businesses set aside fears about the recovery and stepped up spending, creating momentum that could carry into the final three months of the year.