US GDP grows 3.3 percent in fourth quarter 2023
U S economy expanded 3.3 percent annual pace October through December driven by consumer spending while inflation eased. Core inflation at 2 percent and headline prices up 1.7 percent. Fed may cut rates in 2024 with first cut possibly by June.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
U.S
Federal Reserve
Fed
Nathan Sheets
Citi
Sheets
Sary
Beth Ann Bovino
U.S. Bank
Bovino
Wall Street rises as U.S. economy data beat forecasts
U.S. stocks rose as strong economic data backed by a 3.3 percent Q4 growth rate surprised analysts. IBM led gains while Tesla dropped over 12 percent, offsetting market momentum amid hopes for Fed rate cuts and inflation relief.
MENTIONED IN THIS ARTICLE
New York
U.S
IBM
Tesla
Wall Street
FTC opens inquiry into AI startups and Big Tech partnerships
U S antitrust enforcers scrutinize ties between OpenAI Anthropic and cloud giants Amazon Google Microsoft. The FTC issues compulsory orders to five firms to disclose agreements and decision making behind AI investments and partnerships amid EU and UK scrutiny.
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U.S
Openai
Amazon
Google
Microsoft
Lina Khan
Federal Trade Commission
Khan
FTC
Anthropic
OpenAlr
OpenAir
OpenAl
Google Cloud
Rimy Alaily
Porate
European Union
United Kingdom
Britain
Matt Stoller
American Economic Liberties Project
Senate
Capitol Hill
Washington
Auto dealers urge halt to EPA tailpipe limits rule
More than 4,700 auto dealerships urged President Biden to pause the EPA tailpipe emissions rule, arguing the EPA proposal in interagency review would set the strictest limits yet. They note EV sales rising under the Inflation Reduction Act while the White House defends clean energy goals. The rule targets 2027 model year light and medium duty vehicles, predicting a 56 percent drop in fleet greenhouse gas emissions by 2055 and a 60 percent cut in pollutants by 2032.
MENTIONED IN THIS ARTICLE
Detroit
United States
Joe Biden
Environmental Protection Agency
White House
EPA
Biden
America
U.S
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Harris Financial Group
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Netflix
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