US

EUROPE

The US economy grew more slowly than expected in the second quarter, compounding fears the world's largest economy could be heading back into recession, the latest data has revealed.

Hermes Fund Managers has launched a US small and mid-cap equity fund based on a strategy run by its US team for over a decade.

In the latest Big Debate, our panelists from Legg Mason Global Asset Management, Smith & Williamson and S&P Capital IQ discussed US Equity Income.

Goldman Sachs chief executive Lloyd Blankfein has launched a scathing attack on the US government's austerity program, arguing growth will derail significantly once the Bush-era tax cuts expire in January.

The boss of a futures brokerage has pleaded guilty to embezzling over $100m from 24,000 customers in the US state of Iowa.

Apple, the world's largest company, saw its shares break through $700 for the first time ever overnight after it revealed it had received a huge number of pre-orders for the new iPhone.

Experts have questioned how effective the latest round of quantitative easing (QE) in the US will be, with the chances of success "finely balanced".

The US Federal Reserve will push ahead with QE3 although it will make policymakers "look like fools again", said outspoken investor Jim Rogers.

Moody's will strip the US of its AAA rating if a deficit reduction deal is not struck in Congress, it has warned.