Latest in U.S. economy grew at a 2.8% pace in the third quarter, less than expected
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Tesla’s Shares Surge 20% After Strong Earnings and Outlook
The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.Business - The New York Times - 5 days ago -
Hyundai Motor Net Profit Fell in Third Quarter, Missing Estimates
The South Korean carmaker said wholesale car sales fell 3.2% globally as vehicle demand remained sluggish in most major markets, while North America remained a bright spot.Business - The Wall Street Journal - 6 days ago -
Unilever reiterates 2024 outlook after third-quarter sales growth
Unilever on Thursday reiterated its 2024 outlook after reporting underlying sales growth of 4.5% in the third quarter.Business - MarketWatch - 6 days ago -
Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans
German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter.Business - CNBC - 2 hours ago -
Dan Loeb’s Third Point says a Trump win would boost markets, drive up infrastructure spending
Third Point said it believes the Republicans will take control of both the White House and the Senate, leading to deregulation, an increase in U.S. manufacturing, and higher infrastructure spendingBusiness - MarketWatch - October 18 -
U.S. budget deficit in fiscal 2024 swells to third-highest level on record
The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenue.Business - MarketWatch - October 19 -
How is the economy really doing just weeks before the U.S. election?
With only weeks before the November 5 election, here's how top economists assess the health of the U.S. economy.Top stories - CBS News - October 18 -
How the U.S. economy became so hostile to parents — and who benefits
The financial strain felt by families is not the result of individual choices. Rather, experts told MarketWatch, it reflects an economy that isn’t adequately supporting families and may be actively ...Business - MarketWatch - October 19 -
The U.S. economy’s biggest threat? China’s clean-energy push.
As China ramps up its renewable-energy production, the U.S. risks becoming dependent on outdated energy sources.Business - MarketWatch - October 19 -
Fed’s Logan says ‘strong and stable’ U.S. economy still faces ‘meaningful uncertainties’
The chief of the Dallas Federal Reserve said the economy is “strong and stable,” but the central bank needs to be watchful for a rebound in inflation as it gradually lowers U.S. interest rates.Business - MarketWatch - October 21 -
U.S. economy poised for somewhat slower growth, leading indicators signal
The leading indicators of the U.S. economy fell again in September because of weakness in a few key industries such as housing and manufacturing, but not enough to suggest any sign of major trouble.Business - MarketWatch - October 21 -
Here’s Why People Feel Like a Strong U.S. Economy Is Passing Them By
Many people feel they aren’t getting their share of strong economic expansion—and that isn’t always a disconnect from reality, according to new research.Business - Inc. - Yesterday -
Global Electricity Demand Is Rising Faster Than Expected, I.E.A. Says
A surge in power use worldwide could make it harder for nations to slash emissions and keep global warming in check.Top stories - The New York Times - October 16 -
Pound falls as UK inflation declines more than expected to 1.7%
First reading below Bank of England’s target in 3 years opens door to more rate cuts this yearBusiness - Financial Times - October 16