Gross domestic product grew by 2.3 percent in the fourth quarter, capping a more robust year than expected. Policy uncertainty clouds the outlook.
Category: Consumer Behavior
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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.
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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.
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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.
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Tesla Electric Car Sales Fell in 2024, a First for Elon Musk
The electric-car company led by Elon Musk no longer has the market to itself. Investors are focusing on autonomous driving and other new technologies.
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PCE Inflation, the Fed’s Preferred Measure, Sped Up in November
The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.
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Where Does a ‘Remarkable’ U.S. Economy Go From Here?
America’s economy is far outstripping its peers, but there are serious risks, including from the president-elect.
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Macy’s Earnings Report Details Multimillion-Dollar Accounting Error
Analysts see much bigger challenges for the retailer than lax accounting.
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Macy’s Details Multimillion-Dollar Accounting Error in Downbeat Report
Analysts see much bigger challenges for the retailer than lax accounting.
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Payments Are Going Digital, but Many Seniors Still Rely on Cash
“We’re putting another burden on the elderly that we don’t have to,” one researcher said.
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It’s Not Too Late to Rein In Holiday Spending
Research suggests that you’ll spend less than you otherwise would by setting a strict budget — even if you go over the budget.