Economy Industry News
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U.S. Economic Growth Surged in Third Quarter of 2025
The U.S. economy grew at a vigorous pace through the end of September, despite the uncertainty created by tariffs and widespread concerns about affordability among households. Economic growth rose at a 4.3. percent annual rate in the third quarter…
Shoppers Spent Big This Holiday Season, Despite Economic Pressures
Tariffs, a government shutdown, rising unemployment and persistent inflation have all added stress to the U.S. economy. And whether any of that might put a dent on consumer spending has been a subject of speculation. At least part of the answer…
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Economy Surges Beyond Predictions in Third Quarter
The U.S. economy grew at an annual rate of 4.3% in the third quarter, the fastest in two years and blowing past forecaster expectations. Tariffs dragged down imports, which count against the GDP. Consumer spending, the main engine of economic…
Trump credits tariffs for surprisingly robust economic growth
President Trump on Tuesday touted the latest data showing a robust expansion of the U.S. economy, crediting tariffs for the unexpected growth. “The TARIFFS are responsible for the GREAT USA Economic Numbers JUST ANNOUNCED…AND THEY…
US adults are increasingly pessimistic about economy: Survey
Confidence in the economy dipped to negative 33 in December, the lowest level recorded in President Trump's second term, according to a new poll. Gallup's Economic Confidence Index — which reflects Americans' views of current economic…
Is the Economy Great or Terrible?
Torsten Slok may be the only economist whose work is routinely described as a banger — as in “another banger of a chart from Torsten Slok!” — and on the frigid December afternoon we meet, he's done it again. It's the day…
Here's how much the economy grew in the third quarter of 2025
US real gross domestic product rose at an annualized rate of 4.3% in the third quarter, exceeding the 3.3% expected and more than the 3.8% growth in the second quarter. 'The increase in real GDP in the third quarter reflected increases in consumer…
Breaking | US launches tariff action on Chinese chips, flags economic threat
In a decisive trade move against China's semiconductor industry, the US Trade Representative Office said it had determined that Beijing's drive for dominance in the sector is “unreasonable and discriminatory” and poses a direct threat…
US economy grew strongly in third quarter, GDP report says
The US economy surged over the summer, the commerce department announced on Tuesday in one of the final snapshots of the nation's finances to be released in 2025. Gross domestic product (GDP) – a broad measure of the value of goods and…
Asia's economies ranked after Taiwan overtakes South Korea
Taiwan has edged past economic powerhouse South Korea this year by one economic metric, per capita income, on the back of strong international demand for advanced semiconductors, according to the International Monetary Fund. Newsweek lists the…
Wall Street at a standstill in holiday lull ahead of new US economic data
Trader Jonathan Mueller works on the floor of the New York Stock Exchange, Thursday, Dec. 11, 2025. (AP Photo/Richard Drew) By ELAINE KURTENBACH and MATT OTT, Associated Press Business Writers Markets are flat early Tuesday in holiday-thinned…
This expert predicts superintelligence could make 'everybody economically obsolete' | CNN Business
At Web Summit Lisbon, one of the world's biggest tech gatherings, CNN's Clare Sebastian sat down with AI expert Max Tegmark, who warns of the threats posed to the job market as technology giants race towards creating superintelligence.
Donald Trump's first year economy compared to Obama and Biden
Nearly one year into President Donald Trump's second term in office, the economy looms over his approval rating as many voters remain deeply concerned about inflation and the cost of living—concerns also faced by his predecessors. Newsweek…
The AI Revolution Will Democratize the Means of Economic Production
“The production of too many useful things results in too many useless people.” That was Karl Marx, but it could as easily have been Dario Amodei, CEO of Anthropic, one of the world's leading AI companies. Amodei predicts that AI will…
Economic activity remained upbeat in Nov
Overall economic activity continued to hold up in November with demand conditions remaining robust, thanks to strengthening urban demand, but manufacturing and rural demand showed some signs of deceleration even as services remained strong…
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