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.
Las Vegas police arrested and charged a 16-year-old boy for allegedly posting terror threats online and linking his actions to ISIS.
One security guard was killed and another injured following a stabbing at a Macy's store in Philadelphia Monday.
A Boston woman died Monday after being attacked by a shark while paddle boarding in the Bahamas.
Authorities are investigating an explosion at a home in Arlington, Virginia where police were attempting to serve a search warrant.
A volcanic eruption that began in Indonesia Sunday has left 11 climbers dead and at least a dozen people missing.
Former Minneapolis police officer, Derek Chauvin is back in prison after being stabbed multiple times at the Federal Correctional Institution in Tucson, Arizona.
A former U.S. diplomat has been arrested and accused of being a secret Cuban spy.
The U.S. Air Force has confirmed divers found the remains of five U.S. service members in the wreckage of an Osprey aircraft that crashed off the coast of Japan last week.
Authorities say 33-year-old Jerrid Joseph Powell is due to appear in court Monday.
The Israeli military has renewed its calls for mass evacuations from the southern town of Khan Younis, where tens of thousands of displaced Palestinians have sought refuge in recent weeks.
