U.S. economic growth decelerated in the fourth quarter, but still grew at a solid rate, powered by an uptick in consumer spending.
Stock market today: Meta Platforms rallies as most of Wall Street ticks higher
Most U.S. stocks are ticking higher following a rush of profit reports from some of the country's most influential companies. The S&P 500 was up 0.2% in morning trading. The Dow Jones Industrial Average was up 150 points, or 0.3%, as of 10:45 a.m.
Crypto for Advisors: Crypto Ownership vs. ETF
2024: Bitcoin and ether spot ETFs launch, becoming history's fastest-growing. 2025: The lines between spot crypto ETFs and direct ownership will blur.
Bitcoin tops $106,000, as Fed chooses not to slash interest rates
Market optimism around BTC and ETH is climbing following the Federal Reserve's decision to keep rates steady.
Bitcoin dodges 'headwinds' as Fed holds rates steady, analyst says
'As we get more certainty, we could see crypto rallying ahead of the next shift,' says one analyst.
Weak business spending restrains US economy; domestic demand robust
WASHINGTON (Reuters) -U.S. economic growth slowed in the fourth quarter as a strike at Boeing contributed to depressing business investment, but robust consumer spending probably keeps the Federal Reserve on a slow interest rate cut path this year. The moderation in growth last quarter reported by the Commerce Department on Thursday was also because inventories at businesses were run down, underscoring the strong domestic demand. There was a surprise drop in imports, despite imports helping to boost the goods trade deficit to a record high in December, which had prompted economists to sharply downgrade their fourth-quarter growth estimates.
Wall Street rises as gains in Meta, Tesla offset Microsoft slump
Wall Street's main indexes rose on Thursday, driven by post-earnings advances in Meta and Tesla, although Microsoft's weak cloud forecast and downbeat results from Cigna dampened investor enthusiasm. Microsoft dropped 4.7% after forecasting disappointing growth in its cloud computing business. Meta Platforms rose 4.5% after beating estimates for fourth-quarter revenue, but forecast that first-quarter sales might miss estimates.
US Economy Ends 2024 With 2.3% GDP Growth on Consumer Resilience
(Bloomberg) -- The US economy expanded at a solid pace at the end of 2024, fueled by a generous tailwind from consumer spending that more than offset drags from a strike at Boeing Co. and much leaner inventory investment.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens State Financials How the 2025 Catholi
Whirlpool Stock Sinks on Appliance Maker's Weaker-Than-Expected Results, Outlook
Whirlpool's North American sales dropped, and the home appliance maker's fourth-quarter results and guidance came up short of forecasts.
The US economy just had another robust year
Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald Trump what many consider a solid economy.