GDP Report Shows US Economy Grew at 2.8% Rate

In a key economic report released just days before the presidential election, gross economic product rose at a 2.8 percent rate in the third quarter.

Business - The New York Times - 3 hours ago

US GDP rose at a 2.8% rate in third quarter on strong consumer spending

Final reading before presidential election was shy of expectations, but shows biggest economy is in robust health

Business - Financial Times - 56 minutes ago

US economy grew at a sturdy 2.8 percent pace in third quarter

The final economic growth report before the election showed U.S. gross domestic product (GDP) rising at strong pace, according to data released Friday by the Commerce Department. U.S. GDP grew at ...

Politics - The Hill - 4 hours ago

U.S. economy grew at a 2.8% pace in the third quarter, less than expected

Gross domestic product was expected to increase at a 3.1% annualized pace in the third quarter.

Business - CNBC - 2 hours ago

U.S. economy grew 2.8% last quarter, powered by consumer spending

Consumer confidence soared in October, signaling that Americans may continue to open their wallets.

The U.S. economy grew at a 2.8% pace in the third quarter, less than expected

The U.S. economy posted another solid though slightly disappointing period of growth in the third quarter, propelled higher by strong consumer spending that has defied expectations for a slowdown.

U.S. Economy Grew at a Solid 2.8 Percent Pace Last Quarter

Consumer spending powered gains despite still-high interest rates, indicating healthy, reslilient conditions.

Business - Inc. - 3 hours ago

China reports its economy grew at a 4.6% annual rate in the July-September quarter, below the government'S 5% target

World - ABC News - October 17

New GDP numbers show 2.8% growth in 3rd quarter

The new GDP report released Wednesday shows the U.S. economy grew at a 2.8% annual pace in the third quarter. Jared Bernstein, chair of the Council of Economic Advisers, joined CBS News to discuss ...

US economy grew at robust pace in third quarter

U.S. GDP grew at a 2.8% annualized rate over three months ending in September.

FirstFT: Trump edges ahead of Harris in FT-Michigan Ross poll on economy

Also in today’s newsletter, Boeing machinists reject company pay offer and Tesla’s turnaround

World - Financial Times - 6 days ago

China reports third-quarter GDP growth of 4.6%, slightly beating expectations

Beijing has faced public scrutiny over its ability to meet its own annual growth target of "around 5%."

Business - CNBC - October 18

It’s localization, not globalization, for the health of the US economy

The U.S. is undergoing a transformative shift away from globalization and toward localization, with initiatives such as the Inflation Reduction Act and the CHIPS and Science Act prioritizing ...

Politics - The Hill - October 17

Benjamin Button’s clues for the US economy

Conditions are reverting to a time of solid, sustainable growth

World - Financial Times - 12 hours ago

ECB cuts interest rates to support flagging eurozone economy

Fall in inflation enables central bank to bring in quarter point cut to 3.25% after business and consumer slowdown. Business live – latest updates The European Central Bank has intervened to ...

World - The Guardian - October 17

Retail sales post solid gain in September, showing a continued strong economy

Retail sales increased 0.4% in September, with strength in a broad range of categories that overcame weak gas and auto spending, the U.S. Commerce Department said Wednesday.

Business - MarketWatch - October 17

Report shows steady increase in abortions in states with bans

Since the end of Roe v. Wade in 2022, the number of women receiving abortions has increased steadily and consistently in nearly every state that has banned it, according to a new comprehensive ...

Politics - The Hill - October 22

Waller skeptical of more big Fed rate cuts amid worries a strong economy could reignite inflation

A key voter on the Federal Reserve said the surprising strength of the economy suggests the central bank should “proceed with more caution” in cutting U.S. interest rates to make sure inflation ...

Business - MarketWatch - October 14

China's economy grows at a 4.6% rate in the last quarter, falls short of the official 5% target

China has reported that its economy expanded at a rate of 4.6% in the July-September quarter

World - ABC News - October 18

Here’s What Consumer Power Will Tell Us About the Economy

Corporate earnings reports and retail sales data could offer evidence that the U.S. economy is resilient as inflation ebbs.

Business - Inc. - October 14

Retail Sales Surpass Expectations, Sign of Solid US Economy

A new report showing a rise in retail sales in September indicates that consumer spending, a key engine of economic growth, remains robust.

Business - The New York Times - October 17

Strong US economy and ‘Trump trade’ drive dollar rally

US currency hits highest level since August, as investors bet on growing likelihood of election victory for former president

Business - Financial Times - October 22

Trump takes lead over Harris on US economy in final FT poll

FT-Michigan Ross survey shows most Americans think they will be better off if Republican wins

Business - Financial Times - 6 days ago

Europe’s economy poised to fall further behind US, IMF warns

Fund pins blame on weak productivity and ageing workforce as it highlights continent’s weak post-pandemic performance

Business - Financial Times - 5 days ago

US economic growth is strong — so why cut rates?

Only borrowers such as struggling commercial property and debt-laden zombie companies will benefit

World - Financial Times - October 17

Weight-loss drugs could be key in lowering US obesity rates – experts

Medications like Ozempic ‘transformed’ diabetes care because they improved health outcomes, say experts. Obesity rates have decreased slightly in the US and while it’s too early to say whether the ...

World - The Guardian - October 18

Week 8 showed us a new version of the SEC

Who's the top of the SEC? And who's actually a contender that we dismissed in September?

Sports - ESPN - October 21

Companies’ earnings reports increase volatility of US stocks

Share prices swing as high valuations and uncertain outlook put investors on edge

World - Financial Times - 4 days ago

Player ratings: Arsenal suffer first loss of season with poor showings by Saliba, Trossard

The absences of Martin Odegaard and Bukayo Saka were noticeable for the Gunners.

Sports - ESPN - October 19

Almost two-thirds of EU water in bad condition, report shows

Pressure rises on agriculture and industry to reduce pollution and cut its share of use from 59%

Business - Financial Times - October 14

Latest in GDP Report Shows US Economy Grew at 2.8% Rate