A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump

The second busiest week of earnings season includes four of the Magnificent 7. Chair Powell’s comments will be more important for markets than the Fed's rate decision.

The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product—the economy’s output of goods and services—expanded at a 2.

The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy’s output of

Gross domestic product — the economy's output of goods and services — expanded at a 2.3% annual rate from October through December.

The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded at a 2.3% annual rate from October through December. For the full year, the economy grew a healthy 2.8%, compared with 2.9% in 2023.

Treasury yields were down Thursday morning, but pared declines as investors weighed a report showing U.S. economic growth expanded slightly less than expected in the fourth quarter. The yield on the 10-year Treasury note was falling about 3 basis points to around 4.

Unemployment also rose from 2.3% to 3.2% in Jackson County and from 3% to 4.6% in Jennings County over the same period. Statewide, the unemployment rate was a seasonally adjusted 4.1% in December, up from 3.8% a year earlier. The U.S. jobless rate was a seasonally adjusted 4.5% last month, up from 3.5% in December 2023.

The Dow and other major indices edged higher following earnings reports from tech giants Tesla (TSLA), Meta (META), and Microsoft (MSFT). However, AI stock Nvidia (NVDA) dropped another 2%, continuing its decline after it was hit hard by the launch of DeepSeek’s efficient-yet-thrifty AI model.

The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded at a 2.

Washington (CNN) — Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald Trump what many consider a solid economy.