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US Economy Surges 3.4% in Q3, Driven by AI Investments and Robust Consumer Spending

US Economy Surges 3.4% in Q3, Driven by AI Investments and Robust Consumer Spending

US economy beats forecasts to grow at 3.4% rate in third quarter
US economy beats forecasts to grow at 3.4% rate in third quarter

AI spending boom continues to fuel growth in world’s largest economy

US GDP grew by 3.4 percent in third quarter amid AI investment boom
US GDP grew by 3.4 percent in third quarter amid AI investment boom

U.S. economic growth increased in the third quarter, as the surge in artificial intelligence investment continued and consumers kept spending despite persistent inflation. The country’s gross...

US economy powers ahead as AI boom, shoppers defy oil shock
US economy powers ahead as AI boom, shoppers defy oil shock

US economy grows at fastest pace in a year as AI boom and resilient consumer spending offset higher oil prices.

AI boom inflates U.S. goods trade deficit
AI boom inflates U.S. goods trade deficit

The merchandise-trade deficit widened in September for a third straight month amid an ongoing surge in imports of capital goods.

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