First-quarter GDP declined 1.5%, worse than thought; jobless claims edge lower - CNBC

The U.S. economic contraction to start the year was worse than expected as weak business and private investment failed to offset strong consumer spending.

The U.S. economic contraction to start the year was worse than expected as weak business and private investment failed to offset strong consumer spending, the Commerce Department reported Thursday. … [+2277 chars]

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