U.S. economy grew at a healthy 2.3% pace last quarter, driven by increased consumer spending

U.S. economy grew at a healthy 2.3% pace last quarter, driven by increased consumer spending

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 2.3% annual rate from October through December. For the full year, the economy grew a healthy 2.8%, compared … Read more

G.M. Has Plans Ready for Trump’s Canada and Mexico Tariffs

G.M. Has Plans Ready for Trump’s Canada and Mexico Tariffs

General Motors executives are closely tracking President Trump’s plans to impose tariffs on imports from Canada and Mexico, but the company is not yet making any major changes to its strategy in North America in response to the threatened tariffs. The automaker has pulled together an “extensive playbook” of possible options but won’t put them … Read more