Gross Domestic Income has been running well below GDP figures since late 2022, and was just 1.5% in the third quarter of 2023, its most recent release.

The U.S. government is expected to pay an additional $1.1 trillion in interest over the coming decade. Interest costs are on pace to surpass defense this year as one of the largest government expenses in the budget. Only Social Security and Medicare are forecast to be bigger burdens in the coming years.

Lyft shares soared over 60% in after-hours trading Tuesday after its earnings release accidentally added an extra zero to a key profitability metric. Lyft’s release said one of its profit margins was expected to expand by 500 basis points—or 5 percentage points—in 2024. That margin was only expected to expand by 50 basis points, the company’s chief financial officer later clarified on a call with analysts.

Silicon Valley investors, executives and CEOs are banding together to host fundraising events for local candidates, pouring money into city ballot initiatives and using their influence to try to sway public opinion.

The central bank held its benchmark federal-funds rate steady last week in a range between 5.25% and 5.5%, the highest level in more than two decades.

Americans quit 6.1 million fewer jobs last year than in 2022—a decline of 12%. In December alone, quits fell to the lowest monthly level in nearly three years.

In the Fortune 500, 82% of employers offer at least some remote-work opportunities and Americans spent about 30% of their paid days working from home in January 2024, largely the same from a year earlier.

Fed officials expect to cut rates three times this year, according to projections from their last meeting in December, but they haven’t indicated when those cuts would begin.

The U.S. economy grew 3.1% over the last year, defying projections of a recession as a resilient labor market supported strong consumer spending. The 2023 figure stands in contrast to what economists expected a year ago, when they saw a recession as very likely and expected anemic 0.2% growth for the year. Last year’s gain was a sharp pickup from a comparable 0.7% advance in 2022.

Rising interest rates drew trillions of dollars into money-market funds and other cash-like investments in the past two years, with more than $8.8 trillion parked in money funds and CDs as of the third quarter of 2023.