Second estimate of U.S. growth confirms 2.3% expansion in fourth quarter
The report showcases an economy that continued to expand at a solid pace on the shoulders of resilient consumer spending.
Bloomberg News
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A billion people are watching podcasts on YouTube every month
YouTube first identified podcasts as popular content format during the pandemic. Since then, it has vaulted past Spotify as the most popular service for podcasts in the United States.
US existing-home sales drop back again with mortgage rates at 7%
The drop in sales comes after the longest stretch of gains since late 2021, which offered some hope that home buyers and sellers were getting used to high mortgage rates.
DOGE says it’s saved $55B in federal spending; data show much less
Elon Musk, speaking to reporters in the Oval Office last week, said that some of the things he says “will be incorrect and should be corrected,” adding that DOGE would act quickly to fix errors.
Elon Musk advises Trump but doesn’t work for DOGE, White House says
The government’s representation comes in stark contrast to Musk’s public image as the power behind the newly formed Department of Government Efficiency.
Salesforce cutting 1,000 jobs while hiring salespeople for AI
Technology companies have grown more accustomed to regular job reductions after a massive wave of layoffs at the start of 2023.
U.S. manufacturing activity expands for first time since 2022
The surveys were conducted before President Donald Trump announced tariffs on imports that risk disrupting supply chains for American producers.
Apple’s tough January worsens as analysts cut on iPhone sales
Soft iPhone sales are becoming an increasing concern for investors, as artificial intelligence fails to act as a hoped-for growth catalyst.
Lilly sees new weight-loss pill approval in early 2026, CEO says
Pills would be more convenient for patients and also easier to manufacture at large scale than other top weight-loss drugs, which require , CEO Dave Ricks said.
U.S. payrolls growth picks up, unemployment rate drops
The U.S. economy in December added the most jobs since March, capping a surprisingly strong year and supporting the case for a pause in Federal Reserve interest-rate cuts.
Top 10 most on-time airlines in world include two U.S. carriers
Mexico City-based carrier Aeromexico was the most on-time airline in 2024—with 86.7% of flights arriving on time.
Crypto’s $205 billion stablecoin market set to go mainstream
Mainstream players such as Visa and PayPal are making investments in projects involving stablecoins, a different type of cryptocurrency whose price is never meant to rise or fall.
Lilly’s U.S. weight-loss drug shortage ends, curtailing copycats
The FDA had previously said Lilly’s drugs were out of shortage and that making copies must cease in October. Compounders sued, causing the FDA to pause enforcement while it reevaluated its decision.
Walmart’s 82% surge in stock price leaves competitors in dust
Analysts and investors are betting that further market-share gains and contributions from Walmart’s higher-margin ancillary businesses will extend the stock’s rally.
Amazon ignored its own worker safety studies, Senate report says
The 159-page Senate report says Amazon’s policies, including productivity targets, risk worker injury owing to exhaustion and repetitive stress.
Starbucks triples baristas’ paid parental leave to 18 weeks
But paid parental leave remains rare in the U.S., with only 40% of employers surveyed by the Society for Human Resource Management offering it this year.
Google invests in venture to build energy parks for data centers
The energy parks would provide a much-needed reliable source of power as aging U.S. grids struggle to meet demand from artificial intelligence and electrification of homes, vehicles and factories.
Nippon Steel clarifies spending pledge in effort to save U.S. deal
Nippon Steel is seeking to allay concerns over job security at plants that use traditional blast-furnace production from iron ore as part of its pending $14.1 billion takeover of U.S. Steel.
Kroger trims outlook for profit, sales amid uncertain economy
Kroger is waiting for a federal judge to rule on its proposed acquisition of Albertsons for about $24.6 billion, a deal it announced more than two years ago.
Steady improvement seen for IPOs in 2025, but no rush
The U.S. has seen a slowness in debuts over the past three years despite a strong backdrop for IPOs, with major stock indexes trading near record highs.