Originally published on Tue December 23, 2014 1:55 pm
The U.S. economy grew at a surprisingly fast 5 percent annual rate in the third quarter of 2014, up sharply from the 3.9 percent of the last revision. The figure blew past the consensus estimate of 4.3 percent put forth by economists surveyed by Bloomberg News.
It's the fastest the U.S. economy has grown in one quarter in more than a decade: The GDP grew at a 6.9 percent pace in the third quarter of 2003.
Update at 10:30 a.m. ET: Dow Tops 18,000 For First Time
Originally published on Tue December 23, 2014 4:12 pm
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DAVID GREENE, HOST:
Well, here's an idea for a lampooning December movie - it's the holidays and shipping companies can't get their act together. They disappoint millions of customers because they can't deliver gifts on time.
Originally published on Tue December 23, 2014 5:54 pm
The CEO of Sony Pictures has been saying that the cyberattack against his company is "the worst cyberattack in U.S. history." And you can see where he's coming from. An entire feature film got canned — at least for now. And his corporate networks were so damaged, Sony workers had to revert to using fax machines to communicate. That said, "the worst" is a big claim.
Originally published on Mon December 22, 2014 5:51 pm
If you visit a local strip mall or downtown shopping street, it's not hard to find a store where customers can lease-to-own. That is, you can pay over time and eventually, after some chunky fees, a flat screen TV or living room set is yours.
Originally published on Thu December 25, 2014 2:54 pm
Falling oil prices are perhaps nowhere more welcome than in northern New England, where most homes burn heating oil in their furnaces. But cheaper heating oil is refilling consumers' pockets just as high electric prices are emptying them out.
For example, a heating oil truck delivers 600 gallons of heating oil every two weeks to an old, four-story brick building in Concord, N.H. At last year's oil prices, each refill would have cost around $2,200. Right now, it's more than $300 cheaper.