The Commerce Department announced Gross Domestic Product ticked up 1.5 percent in the second quarter. That's down from a growth rate of 2 percent in the first part of the year.
Yesterday after markets closed we got results from Zynga, the maker of Facebook games like FarmVille. And things ain't looking so good down on the farm.
The crisis in the eurozone is hitting profits everywhere; Anglo-Dutch oil giant "Shell" is the latest. Shell says this morning earnings fell 13 percent compared to the same quarter last year. This follows a string of U.S. companies blaming Europe.
Facebook has had a rocky road since it started selling shares and there are still big questions about Facebook's future. For instance: how, exactly, it plans to make money.
Ford Motor saw profits fall by more than half in the second quarter and Apple profits came in lower than expected mostly due to slowing iPhone sales. What do today's earnings reports tell us about the state of the U.S. economy?
Several big American companies — General Electric, Schlumberger, Microsoft — reported weak earnings and quarterly losses today. The question is, are we due for another round of major layoffs?
Bank of America just reported its quarterly earnings and they're better than expected: $2.5 billion in profit. What does that mean for the U.S. economy on the whole?
