The U.S. economy contracted at a rate of 0.3% in the first quarter of 2025, according to an estimate released on Wednesday by the Bureau of Economic Analysis.

Another key measure of the economy's health — known as final sales to private domestic purchasers — also rose 3% in the first quarter, edging up from 2.9% in the previous three months.

WASHINGTON, May 29 (Reuters) - U.S. corporate profits fell sharply in the first quarter and could continue to be squeezed this year by higher costs from tariffs that are threatening to undercut ...

China beat first-quarter economic growth expectations, but the outlook for the remainder of 2025 remains dim as Beijing braces for the impact of hefty U.S. tariffs. The latest data indicates China ...