Wall St ends higher on growing bets for Dec. Fed rate cut
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The U.S. economy grew in November at the fastest pace in four months, new surveys showed, and businesses turned more optimistic about the future following the end of the federal government shutdown.
Retail sales increased at a monthly pace of 0.2% from August to September. Economists polled by FactSet were expecting a 0.4% jump. Sales rose 0.6% in August from July. Stripping out sales of vehicles, car parts, and gasoline, retail sales rose just 0.1%, below forecasts for a 0.4% increase.
The new CBS News/YouGov poll, released on Sunday, showed that there is a disconnect between Trump’s messages on the economy and Americans’ perceptions on the issue. The poll came as Trump declared on Sunday that the U.S. is seeing the “best” economy under his administration.
Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth prospects next year given easing interest rates and tax cuts.
China controls around 70% of the world’s rare earth resource output and about 90% of the world’s rare earth processing capabilities. Access to rare-earth elements has been a key bargaining chip in U.S. trade negotiations with China.
Upper-income Americans are doing better, while low- and moderate-income households are falling behind. Why does that matter?
NPR's Ayesha Rascoe talks to Bankrate analyst Ted Rossman about consumer spending and debt, and what it tells us about the overall health of the economy.
Most Latinos rate the economy negatively, and 61% say Trump’s policies have made it worse. Relatively few expect it to improve soon.
The announcement shows consumer sentiment hovering near historic lows, reflecting Americans' ongoing concerns about affordability.
A windfall for companies that build data centers and their suppliers is overshadowing weakness in other industries.
Brodie Sutherland, CEO of Patriot Mineral Corp, updates on how his company explores rare earth minerals and their impact on the United States' economy.
A new report from McKinsey Global Institute tackles one of the most pressing fears of the modern economy: the sweeping job displacement threatened by artificial intelligence. While McKinsey’s research indicates that current technologies could,