The economy probably showed gangbuster growth in the third quarter. But will it last?
Gross domestic product, or the sum of all goods and services produced in the U.S. economy, is expected to post a 4.7% annualized gain for the third quarter.
Meta’s Reality Labs loses $3.7 billion in third quarter as Zuckerberg’s big bet keeps bleeding cash
Mark Zuckerberg’s bet on the metaverse has so far been a money-burning endeavor, and the losses keep mounting
IBM software sales up 8% as the company beats on top and bottom lines
IBM reiterated its revenue and profit forecast for the full year, having completed its acquisition of cloud cost management software maker Apptio in August.
How the long-awaited recession became a ‘richcession’ for America’s wealthy
There may finally be proof of a recession, but only for the wealthy.
Amazon’s focus on speed, surveillance drives higher warehouse worker injuries, study finds
Amazon warehouse workers are suffering physical injuries and mental stress on the job due to Amazon’s focus on speed and pervasive surveillance, per a study.
Apple will reportedly release a bunch of new AirPods next year
Apple plans to release new versions of its entry-level AirPods and its $549 AirPods Max headphones next year, according to a report from Bloomberg.
ACLU says Trump gag order in DC election interference case violates First Amendment
The ACLU, a frequent critic of Trump, said that the gag order in special counsel Jack Smith’s election interference case runs afoul of the First Amendment.
House votes on Mike Johnson for speaker, fourth Republican nominee
Johnson won the nomination Tuesday with the support of 128 Republicans, far short of the 217 GOP votes he needs to win the speakership on the House floor.
GM, Honda scrap plans to co-develop ‘affordable’ sub-$30,000 EVs
The cancellation by GM and Honda is the latest in a growing number of decisions by automakers to scale back or scrap previously announced EV plans.
Goldman says dividend growth has been resilient and these stocks are the best at returning cash
David Kostin recommends high-dividend stocks over firms engaging in large capex as rates are expected to stay higher for longer.
