The U.S. economy grew at a faster pace than expected in the third quarter, according to the Commerce Department’s estimate. The Bureau of Economic Analysis (BEA) on Thursday released its final reading of third quarter GDP, which showed the economy grew at an annualized rate of 4.4% in the three-month period including…

Beleaguered carrier Spirit Airlines may get a lifeline out of bankruptcy. The low-budget carrier is in talks with Castlelake, a global alternative investment firm with approximately $33 billion in assets under management, about a potential takeover, according to CNBC.The airline has long struggled to compete with rival carriers that offer…

Fast-food giant McDonald’s is adding even more items to its menu as it continues efforts to drum up traffic.  McDonald’s is debuting its own version of hot honey sauce, which will be available at participating locations starting Jan. 27 for a limited time. The company is also adding a range…

Amazon is planning to cut thousands of jobs as part of a broader push to eliminate nearly 10% of its corporate workforce, according to Reuters. After initially cutting roughly 14,000 white-collar jobs in October, Amazon is expected to launch a second round of layoffs impacting a similar number of employees,…

An Arkansas resident who purchased the winning ticket for Powerball’s $1.817 billion jackpot has claimed their prize. The winner recently claimed the prize from the Arkansas Scholarship Lottery, opting to receive the prize as a one-time cash payment, according to the lottery.Before taxes, the lump-sum amount was $834.9 million —…

U.S. airlines have announced travel waivers as a winter storm that is forecast to spread heavy snow, sleet and dangerous ice across two dozen states could disrupt air travel heading into the weekend. FOX Weather has said the mix of freezing rain, sleet and snow could make travel dangerous and…

Mortgage rates ticked higher this week but remain the lowest in three years, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.09% from last week’s reading of 6.06%. The average rate on…

Tesla CEO Elon Musk said Thursday the company is planning to make its Optimus robots available for sale to the public by the end of 2027. Musk spoke at the World Economic Forum in Davos, Switzerland, and was asked during a discussion with BlackRock CEO and interim WEF co-chair Larry Fink…

The Food and Drug Administration announced that a recall of cookie products has been upgraded to its most serious risk category over the potential presence of undeclared peanuts. Gregory’s Foods first issued a recall last month of its 2-pound 8.5-ounce packages of “Bag Full of Cookies” White Chocolate Macadamia Nut…

Roughly 1.5 million bottles of a popular household cleaning product sold nationwide are being pulled from shelves over concerns they may be contaminated with potentially harmful bacteria, federal regulators say. Boston-based company Thrasio has issued a recall of its Angry Orange Enzyme Stain Removers after determining the products could contain…