Economic Indicators

Business Highlights

___ Why the US economy may have already peaked for the year WASHINGTON (AP) — The U.S. economy grew at a solid 3.1% annual rate in the January-March quarter — a pace that will likely prove to be the high-water mark for the year before growth weakens in the coming months.

State sues e-cigarette maker, says it targets youth market

Massachusetts has sued a national retailer of electronic cigarette and vaping products, alleging the company violated state law by targeting minors for sales of its merchandise, Attorney General Maura Healey announced Thursday.

US pending home sales fell 1.5% in April

Fewer Americans signed contracts on homes in April compared with the prior month, potentially signaling that rising prices have outweighed recent declines in mortgage rates.