Economy

Economic growth accelerated to 4.3% in the third quarter in boost to Trump

Gross domestic product grew at a 4.3% annual rate in the third quarter, the Bureau of Economic Analysis reported Tuesday, an acceleration that should give the Trump administration room to breathe as it confronts poor approval ratings on the economy.

U.S. economy grows by 4.3% in third quarter, much more than expected, delayed report shows

The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed.

Gold prices just reached a record high. Here's what's behind the surge.

Updated on: December 23, 2025 / 7:51 AM EST / CBS News

Breaking down rising electricity prices: The role of transmission lines

Affordability is the key buzzword ahead of the 2026 midterm elections, and no cost-of-living concern has risen to the top of the political agenda like rising electricity prices. The Trump administration and Congress are trying to reform the electrical grid to increase the supply of power to meet soaring demand. Yet the different parties cannot agree on what’s causing the problem, the sources of energy to pursue, or how to overhaul the permitting process to allow more construction. This Washington Examiner series will look at the policy and politics of the grid. The first entry covered the role of renewable energy and the retirement of fossil fuel plants. This second story looks at how transmission lines drive affordability.

Ryanair fined €256m over ‘abusive strategy’ to limit ticket sales by online travel agencies

Italy’s competition authority says Irish airline implemented technical obstacles to force sales through its own website

Tesla’s EU sales slump continues as Chinese rivals thrive

Elon Musk’s brand sold 12,130 new cars across the EU last month, down from 18,430 in November 2024

European markets close at fresh high in final full session before Christmas

The pan-European Stoxx 600 has had bumper year.

Capitalism by Sven Beckert review

The Harvard professor provides a ceaseless flow of startling details in this exhaustively researched, 1000-year account

Singapore consumer inflation remains steady at 1.2% in November, missing estimates

The reading was lower than Reuters-polled analysts' median estimates of 1.3%.

Asia-Pacific markets mostly climb after AI trade lifts Wall Street overnight

Investors in Asia will watch out for AI-related plays in the region, as well as inflation reading out of Singapore.

‘No doubt’ U.S. economy is slowing, Invesco says, tipping Europe to outperform

Invesco's Ben Gutteridge sees a mid-cycle slowdown in the U.S., with Europe poised to outperform in 2026.

Keir Starmer told closer EU trade ties ‘strategic necessity’ for UK firms

Labour urged to accelerate reset with Brussels as many exporters struggling to trade in the EU after Brexit deal