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Economy

“U.S. economy grew at a 2.8% pace in the second quarter, much more than expected”

“…Real gross domestic product, a measure of all the goods and services produced during the April-through-June period, increased at a 2.8% annualized pace adjusted for seasonality and inflation. Economists surveyed by Dow Jones had been looking for growth of 2.1% following… Continue Reading…

Economy

“U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected”

“…Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace in the July-through-September period, up from an unrevised 2.1% pace in the second quarter, the Commerce Department reported Thursday.. Economists surveyed by… Continue Reading…

Business

“Rivian says it’s on pace to meet 2022 goals after production grew 67% in the third quarter”

“Electric vehicle maker Rivian Automotive said Monday that it produced over 7,000 vehicles in the third quarter, its highest quarterly total to date. The company also confirmed that it remains on track to produce 25,000 vehicles in 2022. Shares of Rivian were… Continue Reading…

Cryptocurrencies

“FTX grew revenue 1,000% during the crypto craze, leaked financials show”

“FTX rode the crypto craze to a billion dollars in revenue last year while expanding its global footprint through a flurry of acquisitions, according to internal documents seen by CNBC…. The crypto exchange’s revenue soared more than 1,000% from $89… Continue Reading…

Economy

“GDP grew at a 6.9% pace to close out 2021, stronger than expected…”

“The U.S. economy grew at a much better than expected pace to end 2021 from sizeable boosts in inventories and consumer spending and despite signs that though the acceleration likely tailed off towards the end of the year. Gross domestic… Continue Reading…

Personal Finance

“We paid off $250,000 in debt and grew our net worth to $800,000: Here’s our best advice”

“We really began to change our money mindset when we realized that time is more valuable than any single monetary amount, and that we didn’t have to only earn money through our 9-to-5 careers. I started to see passive income as wealth that… Continue Reading…