Israel’s GDP contracts nearly 20% in fourth quarter amid Gaza war

An Israeli national flag above produce for sale at Carmel Market in Tel Aviv, Israel, on Tuesday, Nov. 7, 2023.  Bloomberg | Bloomberg | Getty Images Israel’s gross domestic product shrank by nearly 20% in the fourth quarter of 2023, according to official figures. The contraction was significantly larger than expected — analysts predicted a … Read more

Super Bowl 57 commercials schedule: Complete list of ads by quarter in 2023

The Super Bowl is the only event on television where people actually anticipate the commercials. This is when companies really roll out the highest quality ads. Some that tug on the heart strings, some that provide a good laugh and others that are just all around solid.  Viewers get to be surprised when they see … Read more

Alibaba (BABA) Q3 2023 earnings report for December quarter

Alibaba is operating in Suqian City, Jiangsu Province, China, on December 29, 2023. Costfoto | Nurphoto | Getty Images Shares of Alibaba initially whipsawed in premarket trade on Wednesday, as the company missed market expectations for revenue in the December quarter, but announced it is increasing the size of its share buyback program by $25 … Read more

The U.S. economy grew at a 3.3% pace in the fourth quarter

The economy grew much more rapid pace than expected in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department reported Thursday. Gross domestic product, a measure of all the goods and services produced, increased at a 3.3% annualized rate in the … Read more

Fed’s Raphael Bostic expects rate cuts to happen in the third quarter

Raphael Bostic at Jackson Hole, Wyoming David A. Grogan | CNBC Atlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying Thursday that inflation is well on its way back to the central bank’s goal. Bostic, a voting member this year on the rate-setting Federal … Read more

U.S. deficit tops half a trillion dollars in first quarter of fiscal year

The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal year, the Treasury Department reported Thursday. For the period from October 2023 through December 2023, the budget … Read more

NBA: Devin Booker sparks big 4th quarter, Suns rally past Wizards

Phoenix Suns’ Devin Booker (1) slaps hands with Kevin Durant (35) after coming back from a deficit during the second half of an NBA basketball game against the Washington Wizards in Phoenix, Sunday, Dec. 17, 2023. (AP Photo/Darryl Webb) PHOENIX — Devin Booker shook off a subpar shooting night, scoring 11 of his 27 points … Read more

Cruise cuts a quarter of its self-driving workforce, another e-scooter startup folds and a special year-end message

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. … Read more

Costco sold more than $100 million in gold bars last quarter

Zoom In IconArrows pointing outwards Costco has found a new hit with online shoppers — gold. The retail warehousing giant sold more than $100 million of the precious metal in its fiscal first quarter, which ended Nov. 26, Costco Chief Financial Officer Richard Galanti told analysts during the company’s earnings call Thursday. The 1-ounce bars … Read more