The U.S. economy was still chugging along as it rounded out 2022, despite rising interest rates and widespread fears of a recession.
The country's gross domestic product (GDP) was up 2.9 percent in the fourth quarter, according to an estimate from the Commerce Department, even as some sectors slowed.
The department said the overall growth reflected higher levels of consumer spending, private inventory investment, and government spending, as well as a drop off in imports.
Manufacturers and utilities led the rise in private inventory investment, with petroleum, coal products, and chemicals seeing the biggest gains.
As for consumer spending, both services and goods fueled the uptick. Health care, housing and utilities topped services, while motor vehicles and parts topped goods.
The data marks a deceleration in real GDP from the 3.2 percent growth in the third quarter, in large part due to falling exports and a drop in nonresidential fixed investment. Specifically, the housing sector has screeched to a halt in response to higher mortgage rates.
Former family YouTuber Ruby Franke is set to enter a plea agreement on child abuse charges in a Utah courtroom, according to her lawyers. Frank and her business partner, Jody Hildebrand were arrested in August after two of Franke's children were found with injuries and evidence of malnutrition in Hildebrandt's home.
Backers are far from gathering enough signatures, but if the measure makes the June 2024 ballot and voters pass it, North Dakota would have to replace ballot scanners with hundreds of workers.
It's part of the push to remove symbols that commemorate the Confederacy from military facilities.
The company is asking customers to throw out certain types of granola bars and granola cereals to avoid infection.
It could be a cold, grim New Year for thousands of migrant families living in New York City’s emergency shelter system. With winter setting in, they are being told they need to clear out, with no guarantee they’ll be given a bed elsewhere.
Vermont is often ranked as one of the nation's safest states. But since October, it has had 10 homicides and one suspicious death, including a double homicide in Burlington.
Officials in Mexico are trying to determine what's responsible for the death of a man and injuries to a woman at a Pacific coast resort.
The Virginia mother whose six-year-old son brought a gun to school and shot his teacher is expected to be sentenced.
The family of a 19-year-old woman who died in a hotel's freezer six years ago has settled a lawsuit against the hotel for $10 million.
Prince Harry has won his lawsuit against the publisher of UK tabloid, The Daily Mirror.
