GDP in fourth-quarter raised to 3.4% due to stronger consumer spending

The final reading of U.S. growth in the 2023 fourth quarter was raised to a 3.4% annual pace, reflecting a surprisingly resilient U.S. economy. 


 
Jobless claims fall slightly to 210,000 and underscore strong labor market

The number of Americans who applied for unemployment benefits last week fell slightly to 210,000 and continued to hover at very low levels in a sign of strength for the economy. 


 
Futures Flat After 4Q GDP, Weekly Jobless Data

The S&P 500 remained on track to notch its best start to a year while futures were little changed.. 


 
German Retail Sales Unexpectedly Slide

German retail sales fell 1.9% in February against forecasts for a modest rise, with the weakness symbolizing the woes in the sector as consumer confidence remains sluggish. 


 
Bonds Got Relabeled. Now Millions of Americans Get Higher Electric Bills.

After Bloomberg reclassified certain utility bonds, borrowing costs rose. 


 
The S&P 500 Is Poised for Best Start to Year Since 2019

Resilient corporate profits, enthusiasm around AI and hopes that the Fed will cut rates have given investors plenty of reasons to keep on buying. 


 
Ad Forecaster Raises 2024 Prediction Amid Improving Economic Outlook

While the U.S. ad market in 2023 was 'relatively resilient,' the outlook for 2024 looks stronger, according to Magna. 


 
Two China Property Giants Lead Drive to Diversify

Some of China's biggest developers are doubling down on asset management and investment property rather than home building, seeking more stable sources of income as hopes for a turnaround in the country's real-estate sector fade. 


 
Fortune Favors Early Movers in America's Property Crunch

Investors who are willing to buy buildings when everyone else is running scared typically get the biggest rewards. 


 
Why Gasoline Prices Are Rising Faster Than Usual This Year

Fuel costs are once again driving inflation. Don't panic.


(END) Dow Jones Newswires

03-28-24 0915ET