The U.S. economy expanded at a healthy annual 2.4% pace the last three months of 2024, supported by a year-end surge in consumer spending.

The US economy expanded at a faster pace in the fourth quarter than previously estimated amid a robust increase in corporate profits.

The Bureau of Economic Analysis published the data, adjusted for inflation, in its fourth-quarter report on gross domestic product

For Japan and South Korea, tariffs announced by U.S. President Donald Trump represent a blow to domestic car industries that are both economic pillars and sources of national pride.

For many consumers, buying a new car is already a costly challenge. President Donald Trump has now made it even more financially difficult. Trump announced Wednesday that he wants to impose a 25 percent tariff on imported cars and parts on the theory that a trade war might boost manufacturing jobs in the United States in the long run.