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.

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US economy grew at 2.3% rate in fourth quarter

Figure comes after Fed chair Jay Powell said there was no hurry to cut interest rates
Financial Times - 13h
European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy

The European Central Bank is cutting its key interest rate, a step to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to chart a ...
ABC News - 13h
Eurozone economy unexpectedly flatlines in fourth quarter

GDP figure published before European Central Bank cut its benchmark rate to lowest level since early 2023
Financial Times - 10h
GDP grew at a 2.3% pace in the fourth quarter, less than expected

U.S. economic growth slowed a bit more than expected in the final three months of 2024, the Commerce Department reported Thursday.
NBC News - 11h
GDP grew at a 2.3% pace in the fourth quarter, less than expected

GDP was expected to grow at a seasonally adjusted 2.5% annualized pace in the fourth quarter of 2025.
CNBC - 11h
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 - 12h
U.S. growth slowed at end of 2024, GDP shows, but economy looks good under the hood

The U.S. grew at a mild 2.3% annual pace in the final three months of 2024, but the details of the report showed an economy on strong footing as the Biden administration handed off to the Trump ...
MarketWatch - 13h
Revised figures show German economy shrank by 0.2% in fourth quarter

Yahoo News - 15h
Euro zone economy flatlines in fourth quarter, missing expectations for slight expansion

Economists polled by Reuters had expected growth of 0.1% over the period, following a larger-than-expected 0.4% expansion in the third quarter.
CNBC - 15h
Data Show That For Some in NYC, Congestion Pricing is Improving Commutes

The congestion pricing plan for New York City remains controversial, but for people who actually need to commute into the city, early signs show it may be working out.
Inc. - 3d
Baltic Sea data cable damaged in latest case of potential sabotage

Disruption of line between Sweden and Latvia follows earlier incidents linked to Russia and China
Financial Times - 4d
Ball State visits Northern Illinois after Koker's 23-point showing

Ball State Cardinals (15-4, 7-0 MAC) at Northern Illinois Huskies (8-10, 2-5 MAC) DeKalb, Illinois; Saturday, 2 p.m. EST BOTTOM LINE: Northern Illinois hosts Ball State after Chelby Koker scored ...
ABC News - 5d
A look at latest wildfire conditions in Los Angeles area as Hughes Fire grows

Thousands of people are under evacuation orders in southern California as strong winds fuel new wildfires in the Los Angeles area. The Hughes Fire has scorched more than 10,000 acres as of Thursday ...
CBS News - Jan. 23
South Korea GDP misses estimates as weak consumption, construction sector drive growth to 6-quarter low

The country's economy expanded by 1.2% year on year, missing analysts' expectations of 1.4% growth.
CNBC - Jan. 23
South Korea's Economy Expands 2.0% in 2024 After Lackluster Fourth-Quarter Growth

The data showed private consumption weakened and construction investment remained in contraction in the fourth quarter. Exports edged up on demand for semiconductors and other ...
The Wall Street Journal - Jan. 22
Skeptical of Russia's data, some Western officials judge its economy by looking at Moscow from space

Yahoo News - Jan. 22
Netflix Raises Prices After Adding 19 Million Subscribers in Latest Quarter

The company said those results were buoyed by programming in recent months that exceeded internal expectations.
The New York Times - Jan. 21
UK employers cut jobs after Budget, official data shows

Drop in payrolled workforce comes even as wage growth accelerates
Financial Times - Jan. 21
From GDP to trade, how well equipped is China’s economy for Trump 2.0? | Amy Hawkins

Beijing has prepared for increased tariffs but its actions will not be enough to offset falling demand from the US. When Donald Trump enters the White House for the second time on 20 January, the ...
The Guardian - Jan. 19
Has Trump promised too much on US economy?

He won the election partly to fix inflation but Trump may find his pledges on prices and tariffs conflict, say experts.
BBC News - Jan. 18
Latest weather forecast as landslide, toxic chemical concerns grow

There are fresh safety concerns in the Los Angeles area where wildfires destroyed many homes and businesses. This comes as firefighters take advantage of the break in strong winds to mitigate the ...
CBS News - Jan. 17
China's fourth-quarter GDP grows at 5.4%, beating market expectations as stimulus measures kick in

The real estate slump and uncertainty about future income have weighed on consumer spending and business confidence, adding to deflation concerns.
CNBC - Jan. 17
China Says Economy Grew 5% Last Year, Driven by Exports

Analysts say they see signs of malaise in China’s domestic economy, but those problems were offset mainly by robust exports and a $1 trillion trade surplus.
The New York Times - Jan. 17
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
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
Goldman’s Solomon says US economy in a ‘fragile place’

Wall Street bank’s chief expects deregulation under Trump to spur business investment but urges caution
Financial Times - Jan. 14
TikTok’s last dance in the US

Plus, Joe Biden leaves the White House, Wall Street banks report earnings, and confidential MI5 files are made public
Financial Times - Jan. 12
Commanders beat Buccaneers 23-20 with last-second field goal off the upright

Two teams punched their ticket to the divisional round Saturday: Houston and Baltimore. Who will join them?
NBC News - Jan. 12
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
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 extinction
ABC News - 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
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 year
Financial Times - Jan. 7
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 week
ABC 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
Problems with UK economy data could be widespread, warns lawmaker

Meg Hillier highlights damaging consequences of under-investment in key forecasting systems
Financial 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 Channel
Financial Times - Jan. 1