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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Dec 26, 2021
Page
12
The Commerce Department reports a 2.3 percent GDP gain in Q3, revised up from 2.1 percent as consumer spending strengthens and inventories rebuild. Growth followed 6.3 percent in Q1 and 6.7 percent in Q2, with the delta variant clouding outlook for a solid rebound.
The omicron variant chips away at holiday expectations as delays in travel and consumer activity rise. The Rockettes cancel their New York Christmas show while London restaurants shrink. Broadway cut performances and the NHL suspends play until after Christmas. Boston eyes vaccine checks for dining and shopping venues. The variant fuels anxiety, clouding the path of Western economic recovery amid ongoing health uncertainties.
The Biden administration will raise vehicle mileage standards starting with the 2023 model year, aiming for about 40 miles per gallon by 2026. The rule reverses the Trump rollback, is 25 percent higher than last year’s final rule, and supports a broader goal to cut U.S. greenhouse gas emissions by at least half by 2030 through a transition to battery-powered vehicles.
iMoneyNet Inc provides money fund data used to rank weekly stock winners and losers across industries. The report highlights performance trends, fund inflows, and sector shifts shaping market momentum.
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