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
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
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
Los Angeles Lakers forward Christian Wood, left, appears to tickle Miami Heat guard Tyler Herro as they wait for a free throw during the second half of an NBA basketball game Wednesday, Jan. 3, 2024, in Los Angeles. (AP Photo/Mark J. Terrill) LOS ANGELES— Tyler Herro scored 21 points, Duncan Robinson had 11 of his … Read more
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
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
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
Nikola Jokic #15 of the Denver Nuggets reacts after he was ejected from the game by referee Mousa Dagher #28 (not pictured) against the Chicago Bulls during the first half at the United Center on December 12, 2023 in Chicago, Illinois. Michael Reaves/Getty Images/AFP CHICAGO— Nikola Jokic chose his words carefully. At least he did … Read more
The US saw a record 210,000 residential solar panel systems installed in the third quarter of 2023, but expensive solar costs could hold back growth next year. Solar installations have seen a 35% increase in the third quarter of 2023 compared with last year, according to a report from the Solar Energy Industries Association and energy … Read more
Sweden’s economy shrank in the third quarter of 2023 to mark the second time of contraction and signal that a recession may have hit the country ByThe Associated Press November 29, 2023, 4:36 AM A woman makes her way through a snowy street near the government headquearters Rosenbad during a heavy snowfall in central Stockholm, … Read more