U.S. Growth Slows to 2.4%
U.S. economic growth slowed in the second quarter to a 2.4% annual rate. Business investment was strong, but imports were a big drag and consumers contributed less.

Growth Now Hinges on Consumers
The fading economic benefit from inventory buildup means growth now largely depends on how much people are willing to spend on finished goods.

IMF: U.S. Financial System Still at Risk
The IMF says the U.S. financial system is "slowly recovering," but remains vulnerable to crisis, in part because Congress and the administration have failed to streamline a regulatory system marked by turf battles and overlapping responsibilities.

Euro-Zone Inflation Jumps
The euro zone\'s inflation rate jumped to a 20-month high, but with unemployment near a 12-year peak, the ECB is unlikely to tighten monetary policy anytime soon.

Jobless Claims Fall
Initial jobless claims declined by 11,000 to 457,000 last week, but that followed a big rise the previous period, signaling little improvement in the job market.