GDP beats estimates as consumers spend more

The US economy grew faster than initially thought in the first quarter, according to the Commerce Department.
Gross domestic product, the value of everything produced in America, increased by 1.4%, a third estimate released Thursday showed. Consumer spending, the largest part of the economy, and exports were revised higher, though the broader picture of economic growth remained the same.
The US economy enters its ninth year of expansion in July.
GDP growth was forecast to be unrevised at 1.2%,