US economy slows US economic growth was slower than first thought in the second quarter, hit by a widening trade deficit. For the quarter, the world #39;s biggest economy grew at an annual rate of 2.8 per cent, down 
Investors Take a Holiday  NEW YORK (Reuters) - Investors may pack up and leave next  week as the Republican National Convention comes to New York  and many on Wall Street take a vacation, draining U.S. markets  of volume and leaving stocks flopping around with little  direction.