Economy

UK economy expands 0.6% in second quarter; June growth stalls

  A guided tour in the center of in York, UK, on Friday, June 7, 2024. Bloomberg | Bloomberg | Getty Images The U.K. economy grew by 0.6% in the second quarter of the year, the Office for National Statistics said Thursday, continuing the country's cautious recession rebound. The reading...

Economy

Annual inflation rate slows to 2.9% in July, lowest since 2021

  Inflation rose as expected in July, driven by higher housing-related costs, according to a Labor Department report Wednesday that is likely to keep an interest rate cut on the table in September. The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the...