Business

A shopper carries a shopping bag while walking through an outdoor shopping center in Corte Madera, Calif., on Oct. 17. Strong consumer spending is helping to power the economy — but it may not last.

5 things to know about a stunning week for the economy

6:01am October 28, 2023

by Scott Horsley

The U.S. economy continues to defy gravity, growing rapidly despite high interest rates. Consumer spending is powering the expansion, but it's not clear how long that can last.

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National

Sam Bankman-Fried takes big risk with court testimony

5:51pm October 27, 2023

by David Gura

Sam Bankman-Fried is taking the stand in his own defense, in a massive gamble to avoid prison. In the first day of testimony, the disgraced FTX founder sought to pin blame on others.

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Economy

Economic numbers show Americans are on a spending kick. How long can that keep up?

5:41pm October 27, 2023

by Scott Horsley

Americans opened their wallets again in September, spending freely on cars, concert tickets and more. Income didn't keep pace with spending, though, raising questions about how long it can continue.

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Producing a Broadway hit has a few things in common with investing in tech start-ups

5:12am October 27, 2023

The producer of hit shows like Dear Evan Hansen explains how he applies lessons learned from venture capital tech funding to investing in multi-million dollar Broadway productions.

High-profile strikes could start to reverse decades-long decline in job actions

5:12am October 27, 2023

by Danielle Kaye

Labor organizing activity and strikes are up in 2023, a development that recalls worker actions a half century ago — before President Reagan ushered in an era in which workers had little power.

National

Atlas is the first Atlanta restaurant to earn a Michelin Star

5:12am October 27, 2023

by Orlando Montoya

Atlanta this week joined a handful of U.S. cities that have a restaurant included in the coveted Michelin dining guide, but it comes at a cost.

In this aerial view, the destruction left in the wake of Hurricane Ian is shown on Oct. 2, 2022, in Fort Myers Beach, Fla. The state's home insurance market is reeling after disasters like this one.

Feeling the pinch of high home insurance rates? It's not getting better anytime soon

4:53pm October 26, 2023

by Greg Allen

Homeowners in Florida, like other states, are seeing their home insurance rates soar. Multibillion-dollar disasters like hurricanes, tornadoes and wildfires have led insurers to hike premiums.

Achiya Schatz runs an organization in Israel called FakeReporter that authenticates images and videos that appear online in order to combat fake news. The group was founded three years ago. Before the war, it was focused on trying to help people who were targeted with online harassment for speaking out against corruption.

World News

Is it true or not? Israeli group FakeReporter fact checks while seeking shelter

4:48pm October 26, 2023

by Bobby Allyn

A former Israeli combat soldier runs a nonprofit out of his in-laws' front yard that fact-checks posts on social media about the Israel-Hamas war in real time.

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Economy

The U.S. economy is humming. So why are Americans so grumpy about it?

11:21am October 26, 2023

Rising interest rates haven't slowed the economy. GDP numbers out Thursday show the economy grew more than twice as fast in July, August and September as in the previous quarter.

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People shop in a Manhattan store in New York City on July 27, 2023. The economy grew 4.9% in the July-September, a stunning pace of growth that was largely powered by strong spending from consumers.

Economy

The U.S. economy posted stunning growth in the third quarter — but it may not last

9:29am October 26, 2023

by Scott Horsley

Gross domestic product surged from July to September as Americans opened their wallets big time, but there are doubts about how long this blistering pace of growth can last.