Personal consumption expenditures rose 2.9% last quarter, keeping the U.S. economy's moderate recovery on track.
Health care will be almost 20% of U.S. GDP by 2024, according to a group of government actuaries.
But experts think the rate is close to bottoming out.
Operating profit totaled nearly $2.6 billion in North America, a company record for any quarter.
Capital goods orders for June beat expectations, rebounding strongly after dropping the past two months.
The opening of a new bank in America provides hope that more will follow.
Existing home sales in June rose 3.2%, to 5.49 million, from a downwardly revised 5.32 million in May.
Sustained low energy prices have financial institutions worried about the oil and gas loans on their books.
Retail sales fell 0.3% in June, after rising 1% in May, suggesting the U.S. economy could be slowing.
NFIB optimism index falls four points, "a disappointing sign that economic growth on Main Street is not set for a strong second half," says Bill…