Today's Business Headlines: 12/17/25
The US economy grew at an unexpectedly strong pace of 4.3% in the third quarter — the highest rate in two years — according to a government report released Tuesday.on services such as health care and products like recreational vehicles fueled the surge in the gross domestic product, which is comprised of the value of all goods and services produced across the economy, for the July through September quarter.
The inflation-adjusted annual rate of 4.3% marked an uptick from 3.8% growth the previous quarter and beat analyst expectations of 3.2% growth, according to economistsThe report from the Commerce Department was delayed by the recent federal government shutdown. The figures mark the first official government estimate of third-quarter-economic growth, though they are being reported as the fourth quarter draws to a close.How Trump's Big Beautiful Bill could impact your tax refundsJudge orders JPMorgan to keep paying fraudster's $74M legal bills — including $530 in gummy bearsEconomists were cautious about the figure, noting that it was distorted by data-collection challenges during the record 43-day government shutdown that ended in November. The surprisingly strong report from the Commerce Department comes as other data releases have raised questions about the economy’s underlying strength in recent months.Businesses have been unsure of how much in tariff costs to pass along to consumers, adding to the difficulty of assessing the full impact of President Donald Trump’s tariff policies on prices. The latest GDP figures put the average annual rate of economic growth at 2.5% since Trump returned to office in January. That’s on par with the 2.4% average pace recorded last year, when former President Joe Biden was still in office.Toxic fumes on planes blamed for pilot deaths, suicides and brain damage: reportAmanda Bynes reveals how much weight she’s lost on Ozempic in ‘inspiring’ update
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