GDP Report Shows Economic Growth Cooled Slightly in Fourth Quarter
U.S. economic growth cooled slightly to a 2.9% annual rate in the fourth quarter, capping a year of high inflation and rising interest rates.
Stocks Rise With Economic Data, Earnings in Focus
The S&P 500 climbed 1.1% as investors dug into a slate of economic-data releases. Tesla shares jumped 11%.
Gas prices jump to $3.50 a gallon in January, pose threat to Fed's inflation fight
Gas prices at the pump are up an unusually high 9.2% in January after falling to a recent $3.096 a gallon low in December, according to Bespoke Investment Group.
U.S. new home sales rise by 2.3%, despite broader sector weakness
New home sales at 616,000 annual rate in December versus 602,000 in prior month.
Jobless Claims Point to Still-Tight Labor Market
New applications for unemployment benefits fell by 6,000 last week and remained near prepandemic levels.
U.S. trade deficit in goods rebounds in December after narrowing sharply in prior month
The trade deficit in goods widened 8.8% in December, the Commerce Department said Thursday.
U.S. durable-goods orders jump 5.6% --- but the details paint a more dismal picture
Orders for manufactured goods jumped 5.6% in December because of a flush of new contracts for Boeing passenger planes, but business investment was weak again in another sign of a corroding U.S. economy.
Corporate Layoffs Spread Beyond High-Growth Tech Giants
Dow, IBM and SAP say they will lay off thousands of workers as belt-tightening becomes the new business priority.
Chinese Consumers Embrace Life Free From Zero-Covid Controls
Chinese travelers flooded tourism hotspots at home and booked more trips abroad halfway through the first long public holiday since Beijing ended zero-Covid controls.
Analysis: European Gas Prices Could Rise on China Reopening
The explosive rally in European natural gas prices last year was unprecedented both in its speed and in its recent reverse. But as concerns about the continent's economy and its reliance on Russian gas abate, China's reopening could send prices higher again.
(END) Dow Jones Newswires
01-26-23 1915ET
