Latest in U.S. economy grows 2.3% in last quarter, latest GDP data shows
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Target’s holiday sales show a rebound from third-quarter doldrums
Target raised guidance for a key metric in an update on its holiday sales after achieving records for both Black Friday and Cyber Monday promotional events.MarketWatch - 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 -
Global economy could face 50% loss in GDP between 2070 and 2090 from climate shocks, say actuaries
Exclusive: Report by risk experts says previous assessments ignored severe effects of climate crisis. The global economy could face 50% loss in gross domestic product (GDP) between 2070 and 2090 ...The Guardian - Jan. 16 -
U.S. budget deficit swells to record $711 billion in first quarter of fiscal year
The U.S. federal budget deficit widened to a record $711 billion in the first three months of the fiscal year, up from $510 billion in the same period last year, an increase of 39%, the Treasury ...MarketWatch - Jan. 14 -
Norovirus wave now more than double last year's peak, in CDC's data
Officials have blamed a new strain for this winter's surge in norovirus cases.CBS News - Jan. 14 -
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 -
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 -
Jeju Air ‘black box’ data missing from last 4 minutes before crash, South Korea ministry says
The flight data and cockpit voice recorders on the Jeju Air jet that crashed on Dec. 29 stopped recording about four minutes before the airliner hit a concrete structure at South Korea’s Muan ...NBC News - Jan. 11 -
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 -
Hoda Kotb's last 'Today' show: Host says goodbye with Kathie Lee, Gayle King, Kermit the Frog
Hoda Kotb steps down as a co-host of NBC's 'Today' show amid a send-off by her kids, Kathie Lee Gifford, Jimmy Fallon, Gayle King, Kermit the Frog and more.Los Angeles Times - Jan. 10 -
Maps show how Palisades Fire in L.A. compares in size to major U.S. cities
California's Palisades Fire is the largest of the deadly wildfires that ignited in the Los Angeles area and maps show how it compares to the size of 13 U.S. cities.CBS News - 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 -
VW's Scout has more than 50,000 EV reservations as automaker aims to grow U.S. share
LAS VEGAS — Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume.NBC News - 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 -
The ‘Worst in Show’ CES products put your data at risk, privacy advocates say
So much of the technology showcased at CES includes gadgets made to improve consumers’ lives — whether by leveraging AI to make devices that help people become more efficient, by creating ...ABC News - Jan. 9 -
VW's Scout has more than 50,000 reservations for upcoming EVs as automaker aims to grow U.S. share
Volkswagen, which revived the old American brand, said Scout is part of its plan to grow its market share in the U.S.CNBC - Jan. 8 -
California wildfires: deadly blazes continue to grow as officials warn of shortage of firefighters – latest updates
Tens of thousands of homes affected by ‘unprecedented’ fires in Los Angeles area; aircraft return to dropping water after winds grounded them. Visual explainer: why are the LA wildfires so ...The Guardian - Jan. 8 -
Apple's inaccurate AI news alerts shows the tech has a growing misinformation problem
An artificial intelligence feature on iPhones is generating fake news alerts, stoking concerns about the technology's ability to spread misinformation.CNBC - Jan. 8 -
New research shows a quarter of freshwater animals are threatened with extinction
New research shows about a quarter of animals living in rivers, lakes and other freshwater sources are threatened with extinctionABC News - Jan. 8 -
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 -
Image shows IED that was placed in French Quarter by truck attacker
Authorities say the New Orleans truck attacker placed two IEDs in the French Quarter. The photo shows rolls of nails and what appears to be a radio receiver inside a cooler.CBS News - Jan. 7 -
Trump announces Dubai company will invest at least $20 billion in U.S. data centers
DAMAC Properties is the latest foreign investor to announce plans for the U.S. since Donald Trump's victory.CBS News - Jan. 7 -
Trump announces $20 billion foreign investment to build new U.S. data centers
Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties, is pledging the money.CNBC - Jan. 7 -
Business leaders court Trump as UAE billionaire promises to spend $20 billion on U.S. data centers
President-elect Donald Trump drew another expression of support on Tuesday, as a billionaire businessman from the United Arab Emirates, Hussain Sajwani, promised to spend at least $20 billion in ...MarketWatch - 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 -
UK retail sales growth ‘minimal’ in final quarter of 2024, data shows
BRC survey suggests consumers stayed cautious during what is usually busiest time of yearFinancial Times - Jan. 7 -
U.S. records first death from bird flu amid growing concerns
A Louisiana patient hospitalized in critical condition with severe bird flu has died, the state health department said Monday, marking the first U.S. death due to the virus. The patient was older ...The Hill - Jan. 6 -
U.S. to Ease Aid Restrictions for Syria in Limited Show of Support for New Government
The move reflects Washington’s wariness about the U.S.-designated terror organization that leads the country.The Wall Street Journal - Jan. 6 -
Latest news on 4 viruses on the rise across the U.S.
Cases of COVID, flu, RSV and norovirus appear to be on the rise in the U.S. as millions of Americans wrap up the holidays. CBS News medical contributor Dr. Celine Gounder has more on the viruses.CBS News - Jan. 6 -
Some January 6 rioters had prior criminal records, data shows
At least 159 of the Jan. 6, 2021, convicts who have been sentenced have prior criminal records, according to a CBS News investigation. Steve Reilly breaks down the data.CBS News - Jan. 6 -
Start the rebuilding work, Keir Starmer, and show us you’re different to the last bunch of cowboys | Isabel Hardman
Setting up yet another commission on social care is an extreme example of Labour putting off the promised urgent repairs. Is this really going to be the year that the government “gets things done”? ...The Guardian - Jan. 5 -
Sick season is in full force. What the latest CDC figures show
Flu is taking off in the U.S., with 40 states reporting high or very high levels of flu-like illness last weekABC News - Jan. 3 -
Why the U.S. economy is still strong despite the Fed’s 2022-’23 rate hikes
Something surprising happened on the way toward the highest U.S. interest rates in more than a dozen years: Neither consumers nor businesses buckled under the weight of higher borrowing costs from ...MarketWatch - Jan. 3 -
As Musk’s Influence Grows, So Do Questions Over U.S. Probes Into His Business Empire
As the billionaire and ‘First Buddy’ to Trump aligns with the center of U.S. political power, it’s unclear how his connections could affect several government investigations into his companies.Inc. - Jan. 2 -
Jobless claims drop to 8-month low to end 2024. Low U.S. unemployment fuels economy.
The number of people who applied for unemployment benefits after Christmas fell to an eight-month low, capping off a year of remarkably low layoffs in a surprising resilient U.S. economy.MarketWatch - Jan. 2 -
Problems with UK economy data could be widespread, warns lawmaker
Meg Hillier highlights damaging consequences of under-investment in key forecasting systemsFinancial Times - Jan. 2 -
Small-boat crossing arrivals to UK rose 25% in 2024, data shows
Home Office figures will add to pressure on Keir Starmer to curb irregular migration via English ChannelFinancial Times - Jan. 1