Abercrombie & Fitch shares soar after earnings beat and upgraded outlook
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US economy expands at sluggish 1.5% pace in second quarter, but consumer spending stayed strong
- U.S. economy grew by 1.5% in Q2, slower than previous 2.1%
- Consumer spending remained strong despite sluggish growth
- Imports surged 12.5% due to AI-related product shipments