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Steep decline in US GDP causes alarm

U.S. economic growth slowed sharply in the spring, stoking concerns about a weak job market, a drawn-out struggle for the unemployed and growing financial pressures on millions of American families. The nation's gross domestic product grew…

Asian stocks fall on US worries

Asian stocks sagged on Friday as worries U.S. growth data may surprise on the downside and downbeat comments from a Federal Reserve official gave investors reason to book profits from a steady rally this month. The dollar remained near a…

Japan’s unemployment rises

Japan's unemployment rate ticked higher while production of automobiles and electronic gadgets saw a surprise slip in June, data showed Friday, in signs that an export-driven recovery may be stalling. The data poses a challenge for Prime…