On Thursday morning, US stocks experienced a significant drop following the release of the most recent GDP report. The report revealed that the US economy only grew by 1.6% in the first quarter of the year, much lower than anticipated.
The Dow plummeted by 650 points, or 1.7%, while the S&P 500 and Nasdaq Composite also declined by 1.4% and 1.9% respectively. Investors were disappointed by the slower economic growth and are now expecting a longer wait for the Federal Reserve to implement the first rate cut.
This is a developing story and updates will be provided as more information becomes available.
Ammunition is running dangerously low for Ukrainian forces on the frontlines as they brace for…
Colonel Pavlo Palisa, commander of the 93rd Mechanised Brigade in Chasiv Yar, is expressing concerns…
The government of Iran has recently re-authorized the import of previously banned luxury goods such…
May is Mental Health Awareness Month and WCTV is launching a new segment called Mindful…
As a 48-year-old mayor, Arnaud carefully reviews his monthly expenses to ensure he is staying…
The Elite racers returned to compete against the clock in the semi-finals of the 2024…