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.
Police in Indiana say a man was rescued after being trapped for six days in his crashed pickup truck and drinking rainwater to survive.
A caravan of thousands of migrants continues to trudge through southern Mexico, with some saying they expect nothing good from a planned meeting between American and Mexican officials about the migrant surge at the U.S. border.
The Powerball jackpot is sitting right now at $620 million ahead of Saturday night's drawing and depending on which state you live in, you may have a little bit of extra luck on your side.
Friday is set to be one of the busiest days of the holiday travel season.
New reports suggest Israel's bombing campaign in Gaza is one of the deadliest and most expansive in history.
The Powerball jackpot is climbing to an estimated $620 million ahead of Saturday night's drawing.
Hamas says it will not negotiate for the release of any additional hostages until Israel's operation in Gaza ends.
A fatal news helicopter crash in New Jersey has left two people dead.
Israel reportedly delivered an offer with possible terms for a second week-long ceasefire.
Shipping companies are diverting billions of dollars in cargo from the Red Sea after Houthi rebels based in Yemen attacked multiple ships.
