U.S. Department of Commerce

Thursday's report reflected an economy that remains resilient despite the pressure of continued high interest rates. read more >

The GDP report also showed that inflation continues to ease, while still remaining above the Federal Reserve’s 2% target. read more >

The monthly report's lone services category – restaurants – registered an uptick of 0.3%. read more >

Economists said the report reflected an increasingly cautious consumer. But they point to a silver lining: a weaker-than-expected retail sales report increases the likelihood that the Federal Reserve will start to cut interest rates in a few months. read more >

Business at electronics stores was up 1.5%. Sales at home furnishings stores slipped 0.5%. Sales at clothing and accessories stores posted a 1.6% gain. read more >

A research and development hub in Fayetteville never got past planning and the company “never pulled the trigger” on its plans to move to Bentonville, a company official said. read more >

Last quarter's GDP snapped a streak of six straight quarters of at least 2% annual growth. The 1.6% rate of expansion was also the slowest since the economy actually shrank in the first and second quarters of 2022. read more >

“Retail sales aren’t increasing just because prices are going up,” said Ted Rossman, senior industry analyst at Bankrate. "Americans are actually buying more stuff." read more >

The site was formerly home to ZacBac Apparel LLC, which was one of the county's largest employers. read more >

February's number was lifted in part by higher gas price as well as higher auto sales and a rebound in building materials. read more >

The grant will support a project by DriveSmart Auto Care Inc. of Toms River, New Jersey, which plans to open a call center in Newport. read more >

The structure will replace a terminal destroyed by a tornado in March 2020. read more >

The funds will support workforce development and critical infrastructure improvements to support current and future business needs. read more >

WASHINGTON (AP) — The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest […] read more >

Economists had expected consumers to pull back on spending in the final three months of the year under the weight of credit card debt and delinquencies and lower savings. Yet despite those challenges, along with higher borrowing costs, tighter credit conditions and price increases, household spendin read more >

NEW YORK (AP) — Americans picked up their spending from October to November unexpectedly as the unofficial holiday season kicked off, underscoring the power of shoppers despite elevated prices. Retail […] read more >

The funds will help transform the historic Rock Island Railroad Depot in North Little Rock into a space with classrooms, office space and more. read more >

Among the 30 new actions, Biden, a Democrat, will use the Defense Production Act to have the Health and Human Services Department invest in the domestic manufacturing of needed medicines that are deemed crucial for national security. read more >

BioVentures LLC gets a nearly $3 million grant to support entrepreneurs from socially and economically disadvantaged backgrounds. read more >

The increase was more than twice what economists expected. read more >