Stronger Consumer Spending Boosts Fourth Quarter GDP Estimate
The U.S. economy ended last year growing at an even stronger pace than previously thought, government data showed on Thursday. Gross domestic product, the economy’s official scorecard, grew at an annual rate of 3.4% in the last three months of 2023. According to previous forecasts, the economic growth rate was 3.2%. Figures are adjusted for […]
Stock futures are flat as S&P 500 wraps up best first quarter since 2019: Live updates – CNBC
34 minutes ago Where are the major monthly and quarterly averages? The average stock prices of the three major stocks have all been on the rise for five consecutive months, and have been rising for two consecutive quarters. The S&P 500 ended the month up 3% and is on track to end the quarter up […]
Quarter of NYC homeless youth beds being taken up by migrant children: officials
About a quarter of New York City’s shelter beds designated for runaway and homeless youth are occupied by immigrant children, officials said Friday. The Department of Youth and Community Development (DYCD) confirmed during Friday’s City Council budget hearing that there are only 813 beds available in the city’s shelters, 60 of which are allocated to […]
Nearly 32% of homes sold last quarter were new construction: Redfin
Newly built homes are increasing as there are not many older homes listed. (iStock) New construction homes continue to grow in popularity, largely due to the lack of older homes on the market. In the fourth quarter, 31.8% of single-family homes for sale were new construction. According to a Redfin report. This is down slightly […]
Rihanna Under Fire for $6M Gig at $125M Indian Billionaire’s Pre-Wedding Bash as Quarter of Country in Poverty
Pop star Rihanna is facing backlash for her “lazy” performance at Indian billionaire Ananth Ambani’s star-studded $125 million pre-wedding party. Meanwhile, a quarter of Indiana lives in poverty. Rihanna, who was paid $6 million to come out of semi-retirement and perform her first full live concert in eight years at Ambani’s pre-wedding party, did “the […]
46% of retirees have no plan if retirement savings run out, nearly quarter of Gen Z doesn’t expect to retire
According to research from Clever, approximately 19% of retirees have already outlived their retirement savings. (iStock) Many retirees struggle to make ends meet after retirement. Approximately 66% of current retirees say the United States is facing a retirement crisis. wise research reported. This crisis is primarily due to a lack of funds for retirement. Nearly […]
Nvidia shares surge after strong fourth quarter results
Nvidia’s stock price soared after the chip maker reported strong fourth-quarter results earlier this week. Shares of Nvidia, a leading maker of graphics processing units (GPUs) typically used in artificial intelligence (AI) models, rose 16% on Thursday and were up another 3% as of Friday morning. The jump came after the company reported fourth-quarter results […]
Investors bought record share of low-priced housing in fourth quarter: Report
Investors bought more than a quarter of affordable homes in the fourth quarter of 2023, as mortgage rates and home prices remained well above pre-pandemic baselines. Investors bought 26.1% of affordable homes in the U.S. in the fourth quarter, a record high, according to real estate data firm Redfin. The company defines affordable housing as […]
Eurozone Flatlines, Zero Growth in Final Quarter as Germany Falters
FRANKFURT, Germany (AP) – Europe’s economy will still fail to expand at the end of 2023, remaining stagnant for more than a year amid soaring energy prices, soaring credit prices and an economic downturn in once-powerhouse Germany. The economy grew at zero in the October-December period last year, following a 0.1% contraction in the previous […]
US fourth quarter GDP beats expectations and recession odds
Personal consumption boosted growth in the fourth quarter. (iStock) US Gross Domestic Product (GDP) 4th quarter The U.S. Bureau of Economic Analysis (BEA) said forecasts for 2023 were better than expected, pushing predictions of a recession further out. Real GDP grew at an annual rate of 3.3% in the October-December period, after increasing 4.9% in […]