WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team. Trump on Tuesday announced he has chosen international trade attorney Jamieson Greer to be his U.S. trade representative and…… MORE
US Economy Grows at 2.8% Pace in Third Quarter on Consumer Spending, Unchanged From First Estimate
WASHINGTON (AP) — The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth. The Commerce Department reported that growth in U.S. gross domestic product — the economy’s output of goods…… MORE
After Fast Start, Electric Cars Need a Recharge as Range Limits, Cost Leave Some Drivers Skeptical
DETROIT (AP) — While sales of electric vehicles surge in China, the spread of more environmentally friendly vehicles is stumbling in the United States and Europe as carmakers and governments struggle to meet years-old promises about affordability and charging stations. And consumers worried more about price and practicality are holding back where first-adopter climate warriors…… MORE
Average Rate on a 30-year Mortgage in the US Slips to 6.81%
The average rate on a 30-year mortgage in the U.S. eased this week, though it remains near 7% after mostly rising in recent weeks. The rate slipped to 6.81% from 6.84% last week, mortgage buyer Freddie Mac said Wednesday. That’s still down from a year ago, when the rate averaged 7.22%. The average rate on…… MORE
Prisoner Swap Releases Houston Man; 2 More Americans
WASHINGTON (AP) — Three American citizens imprisoned for years by China have been released and are returning to the United States, the White House said Wednesday, announcing a diplomatic agreement with Beijing in the final months of the Biden administration. The three are Mark Swidan, Kai Li and John Leung, all of whom had been…… MORE