Latest in Happy holidays: Consumer spending surges again and keeps U.S. economy in overdrive
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Happy holidays: Consumer spending surges again and keeps U.S. economy in overdrive
The year-end splurge drove a 4.2% advance in consumer spending in the fourth quarter — the biggest gain in almost two years.MarketWatch - 5h -
Trump’s First Two Weeks Have Thrown U.S. Climate Spending Into Chaos
Executive orders and announcements by President Trump have put billions of dollars in U.S. climate commitments into question.The New York Times - 23h -
U.S. economy grows 2.3% in last quarter, latest GDP data shows
Economy showed solid fourth-quarter growth, though roughly a percentage point below economist expectations.CBS News - 1d -
U.S. Economy Grew 2.3 Percent in Fourth Quarter
Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.The New York Times - 1d -
Tech and consumer groups urge Trump White House to keep 'key rules' in place for AI
A joint letter from the Consumer Federation of America and Mozilla implored the White House to keep "key rules" in place for AI testing and transparency.CNBC - 1d -
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Surge in vomiting bug keeps pressure on hospitals in England
Norovirus cases are the highest they have been since January 2020.BBC News - Jan. 23 -
Agyemang scores again as U.S. tops Costa Rica
The United States beat Costa Rica 3-0 on Wednesday to make it two wins from two games for a squad packed with MLS players during the Americans' annual January camp.ESPN - Jan. 23 -
Stefanik vows to keep the U.S. engaged at U.N. to counter China
Rep. Elise Stefanik (R-N.Y.) assured skeptical Senate Democrats during her confirmation hearing as President Trump's pick for U.N. ambassador that she is committed to engaging in the United ...The Hill - Jan. 21 -
MLB rumors: Alex Bregman at a 'standstill' with Tigers, Dodgers keep spending, Jurickson Profar draws interest
Here are your hot stove rumors for Tuesday, Jan. 21CBS Sports - Jan. 21 -
U.S. craft sake breweries double in number as new consumers embrace the drink
Sake, long associated with sushi and shots, is now reaching new audiences in the U.S. as small-batch craft breweries emerge. Nancy Chen reports on how American brewers are giving a fresh twist to ...CBS News - Jan. 21 -
China Signals It Is Open to a Deal Keeping TikTok in U.S.
The founder of the app’s parent, Beijing-based ByteDance, met with Elon Musk last year.The Wall Street Journal - Jan. 20 -
Severance spending at top UK universities surges
FT analysis shows drop-off in overseas enrolments pushed redundancy payouts up by more than a fifth in 2024Financial Times - Jan. 19 -
Appeals court again declares DACA illegal, but keeps policy alive
A federal appeals court on Friday declared the Deferred Action for Childhood Arrivals immigration policy unlawful.CBS News - Jan. 17 -
As Biden exits, how will he be remembered for his handling of the U.S. economy?
The economy rebounded strongly from the COVID shock, but the U.S. continues to grapple with a cost-of-living crisis and spiraling federal debt.CBS News - Jan. 17 -
Increased December Consumer Spending Bodes Well for 2025 Growth
New data shows retail and restaurant spending rose again last month, suggesting consumers unhappy about higher post-pandemic prices are still buying, especially when they can get a good deal.Inc. - Jan. 16 -
Retail sales point to a robust holiday shopping season. U.S. economy starts off 2025 with some momentum.
Retail sales rose at a solid pace in the final month of 2024, capping off a good holiday shopping season and suggesting the economy entered the new year with some momentum.MarketWatch - Jan. 16 -
Biden administration looks for ways to keep TikTok available in the U.S.
President Joe Biden’s administration is considering ways to keep TikTok available in the U.S. if a ban that’s scheduled to go into effect on Sunday proceeds, according to three people familiar with ...NBC News - Jan. 16 -
Canada’s Trudeau Cautions U.S. Consumers to Consider Harms of Trump’s Tariff Threats
Dismissing the president’s bluster about a 51st state, the departing leader urged Americans to think about the impact of high prices that will accompany new import taxes.Inc. - Jan. 13 -
Dementia Cases in the U.S. Will Surge in the Coming Decades, Researchers Say
By 2060, new dementia cases per year could double to one million because of the growing population of older Americans, a study predicts.The New York Times - Jan. 13 -
Robust U.S. Economy May Not Need Trump’s Big Reforms
The incoming President wants to uncork major moves, including protectionist tariffs, more tax cuts, and immigration curbs, but macroeconomic data suggests some measures may not be required.Inc. - Jan. 13 -
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The U.S. Economy May Be Too Strong for Its Own Good
The Fed may have to hold interest rates high until something breaks.Inc. - Jan. 13 -
Malaysia expects surge of Chinese investment, economy minister says
Rafizi Ramli suggests semiconductor and tech sectors are seeking to avoid exposure to possible Trump tariffsFinancial Times - Jan. 12 -
Mexico to Avoid U.S. Tariffs, Economy Minister Says
President-elect Donald Trump wants tariffs if Mexico doesn’t comply with his border goals.Inc. - Jan. 10 -
U.S. economy adds 256,000 jobs in December, unemployment rate at 4.1%
The final jobs report of the Biden administration has been released. It shows that the U.S. economy added 256,000 jobs in December and that the unemployment rate came in at 4.1%. NBC News’ ...NBC News - Jan. 10 -
Constellation Brands’ stock slides as CEO cites ‘uncertainty’ about consumer spending
The parent of the Modelo and Corona beer brands lowered its 2025 outlook, despite third-quarter profit growth.MarketWatch - Jan. 10 -
New York City’s Economy Surged in 2024. A Trump Shake-Up Looms.
The city has made up much of the ground it lost amid the coronavirus pandemic. Donald J. Trump’s return to the White House could upend that recovery.The New York Times - Jan. 9 -
A $28 Trillion Corner of Wall Street Is Flashing a Warning About the U.S. Economy
Bond yields have surged since the Fed began cutting interest rates.Inc. - Jan. 9 -
U.S. Efforts to Cut Emissions Stalled in 2024 as Power Demand Surged
After staying flat for nearly two decades, electricity use is starting to rise again, and the boom in wind and solar power hasn’t kept pace.The New York Times - Jan. 9 -
After leaving the U.S., Richard Gere dives into holiday season in Spain with family
The Hollywood legend has wasted no time in enjoying his new life in Spain, taking full advantage of the holiday season to explore the surrounding areas of his Madrid abode.MarketWatch - Jan. 9 -
The U.S. Economy Is Stuck in a Showdown Between Trump and the Federal Reserve
The president-elect wants lower interest rates but Jerome Powell sees them staying high.Inc. - Jan. 8 -
Trump keeps up talk of U.S. expansion: From the Politics Desk
President-elect Donald Trump is keeping up his talk of expanding the United States by taking control of Canada, Greenland and the Panama Canal.NBC News - Jan. 7 -
Sources: A's keep spending with Rooker extension
Designated hitter Brent Rooker and the Athletics are in agreement on a five-year, $60 million contract extension, sources told ESPN, continuing a winter of uncharacteristic spending with a ...ESPN - Jan. 7 -
Online holiday spending rises nearly 9%, as deals and AI-powered chatbots fuel purchases, data shows
Online spending rose 8.7% during the holiday season from last year, according to data from Adobe Analytics, as deals and the use of AI-powered chatbots helped inspire purchases.NBC News - Jan. 7 -
Online holiday spending rises nearly 9%, as deep discounts and AI-powered chatbots fuel purchases, Adobe data says
The holiday e-commerce results from Adobe are a promising sign for the retail industry, which will begin reporting holiday results in February.CNBC - Jan. 7 -
The economy grew rapidly in the past 2 years. Can it keep it up under Trump 2.0?
The economy has grown rapidly in the past two years and companies hope to get another lift from a business-friendly Trump White House — but stiffer headwinds could clip the sails of the U.S. in 2025.MarketWatch - Jan. 7 -
Covid surges across US after holidays amid low booster uptake
Test positivity, emergency room visits, hospitalizations and deaths are increasing as expert warns: ‘It’s still dangerous’. . Covid is once again surging across the US after an unusual relative ...The Guardian - Jan. 3 -
During the holidays, reports of domestic violence surge. But what if next year could be different? | Frances Ryan
Labour has promised to halve violence against women. As another year of grim statistics beckons, that’s a speck of hope worth grasping. There is a classic Christmas episode of EastEnders in which ...The Guardian - Jan. 2
