The fast-food giant's CEO cited growing evidence that upper-income households are spending freely while the rest are ...

Key Takeaways A nation's GDP is the total value of all of its consumer and government spending, investments, and exports, minus the value of its imports. Nominal GDP reflects the raw numbers in ...

Consumer spending was — once again — key to GDP growth last quarter Economic growth came in pretty strong for the fourth quarter. GDP rose at an annual rate of 2.3%. And consumer spending rose ...

Explore consumerism's role in driving economic growth, its benefits, drawbacks, and impact on society, economy, and the ...

Consumers splurged on goods in particular, but also on services, and moved the GDP needle. Real GDP grew 2.8% annualized in Q3 from Q2, well above the 15-yr pre-pandemic average of 2.0%.

The update to gross domestic product was a reversal of the 0.5% decline seen in the first quarter and an increase from the ...

Two surveys reflecting dimming consumer and business outlook under Trump coincided with today's announcement that three years of GDP growth ended in the first quarter.

Consumers are still doing all the things — shopping, vacationing, going out to eat, despite high interest rates. One take: Maybe rates should have peaked higher to really slow down spending.

Economic Report Economy was even stronger than it looked in the third quarter, GDP shows. Thank consumers. GDP might be having its best streak since 2014 ...