Morning Business Report: US economy strengthens as tariffs loom, Wall Street closes at records
The U.S. economy grew at a stronger pace in the spring than initially estimated.
(LILAMAX)- The U.S. economy grew at a stronger pace in the spring than initially estimated, with gross domestic product boosted by business investment in structures, equipment, and intellectual property, along with steady consumer spending. Economists also noted that investments in artificial intelligence may be helping offset some of the weakness caused by tariffs. Retailer Gap warned that tariffs will weigh…