june quarter

TOKYO | Japan’s economy contracts 2.5 pct in 3Q on weaker spending

TOKYO— Japan’s economy shrank at a worse than anticipated annualized rate of 2.5 percent in July-September due to weaker consumer demand and corporate investment. The revised figure released Monday was more than double the 1.2 percent contraction reported earlier. Economists say the setback for the world’s third-largest economy is likely temporary. The data from the … Continue reading TOKYO | Japan’s economy contracts 2.5 pct in 3Q on weaker spending

WASHINGTON | US household wealth jumps $2T, led by rising stock market

WASHINGTON  — A stock market rally, which has since reversed, propelled U.S. household net worth to a record high of $109 trillion in the July-September quarter. The Federal Reserve says the value of Americans‘ stock and mutual fund holdings soared $1.2 trillion. Home values rose $200 billion. Other assets, such as bank accounts, also increased. … Continue reading WASHINGTON | US household wealth jumps $2T, led by rising stock market

WASHINGTON | US economy grew at brisk 3.5 pct. annual rate last quarter

WASHINGTON— The U.S. economy expanded at a solid 3.5 percent annual rate in the July-September quarter, led by lower but still strong consumer spending and more business investment than previously estimated. The Commerce Department’s figure for gross domestic product, released Wednesday, was the same as its first estimate last month. GDP is the broadest measure … Continue reading WASHINGTON | US economy grew at brisk 3.5 pct. annual rate last quarter

TOKYO | Japan’s economy shrank in July-September as trade falls

TOKYO — The Japanese economy has shrunk at an annualized rate of 1.2 percent in July-September, as consumer spending, investment and exports fell. Cabinet Office preliminary data released Wednesday showed seasonally adjusted gross domestic product — the total value of a nation’s goods and services — dipped 0.3 percent in the third quarter from the … Continue reading TOKYO | Japan’s economy shrank in July-September as trade falls

WASHINGTON | Buoyant stock market lifted US household wealth last quarter

WASHINGTON — Solid stock market returns lifted U.S. household wealth to a record $106.9 trillion in the April-June quarter, a culmination of a decade of economic recovery but a gain that is concentrated largely among the most affluent. The Federal Reserve says the value of Americans’ stock and mutual fund portfolios rose $800 billion, while … Continue reading WASHINGTON | Buoyant stock market lifted US household wealth last quarter