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U.S. Economy Grew 2.3 Percent in Fourth Quarter

Biden, Joseph R Jr Consumer Behavior Federal Reserve System Gross Domestic Product Inflation (Economics) International Trade and World Market Trump, Donald J Two Thousand Twenty Four United States Economy

U.S. Economy Grew 2.3 Percent in Fourth Quarter

Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.

By Ben Casselman

Existing-Home Sales in 2024 Were Slowest in Decades Amid High Mortgage Rates

Consumer Behavior Credit and Debt Interest Rates Mortgages Real Estate and Housing (Residential) Two Thousand Twenty Four United States United States Economy

Existing-Home Sales in 2024 Were Slowest in Decades Amid High Mortgage Rates

The market perked up late in the year when interest rates eased, but affordability challenges yielded the fewest transactions since 1995.

By Ben Casselman

Does a Strong Holiday Shopping Season Mean a Better Year Ahead?

Abercrombie & Fitch Co Consumer Behavior Fashion and Apparel Holidays and Special Occasions Lululemon Athletica Inc Macy's Inc Shopping and Retail Signet Jewelers Ltd Target Corporation

Does a Strong Holiday Shopping Season Mean a Better Year Ahead?

Consumers spent more than expected over the holidays on clothes and electronics. But the retail economy is still a mixed bag.

By Jordyn Holman

Trump and Republicans Cannot Stop Electric Vehicles, Experts Say

Automobiles Batteries Biden, Joseph R Jr BYD Co Ltd Consumer Behavior Democratic Party Electric and Hybrid Vehicles Federal Aid (US) General Motors Greenhouse Gas Emissions Hyundai Motor Co Motivation and Incentive Programs Prices (Fares, Fees and Rates) Regulation and Deregulation of Industry Republican Party Sports Utility Vehicles and Light Trucks Tax Credits, Deductions and Exemptions Tesla Motors Inc Trump, Donald J United States Politics and Government

Trump and Republicans Cannot Stop Electric Vehicles, Experts Say

More car buyers are expected to eventually pick battery-powered cars and trucks as prices fall and technology improves, even if Biden-era incentives disappear.

By Jack Ewing