U.S. Economic Growth Accelerates, Despite Rate Hikes
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 27 July 2023
⏱️ 18 minutes
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| 0:25.5 | and the profits may be subject to capsule gains tax, and the value of cryptocurrencies can go down or up. |
| 0:35.5 | US economic growth accelerates despite expectations of a slowdown, |
| 0:39.5 | and does Facebook polarize users, meta and researchers disagree? |
| 0:43.5 | So to some degree, this whole thing ends up demonstrating that trying to get data |
| 0:49.5 | out of the companies to understand what societal effects these platforms have |
| 0:53.5 | is even when people are pursuing it with a great degree of intensity, not easy or clean. |
| 0:59.5 | Plus, can Elon Musk execute his vision for a super app? |
| 1:03.5 | It's Thursday, July 27th. I'm Ann Marie for Tolley for the Wall Street Journal. |
| 1:07.5 | This is the PM edition of What's News, the top headlines and business stories that moved the world today. |
| 1:13.5 | The Dow has ended its winning streak. The index failed to notch a 14th straight rise, |
| 1:24.5 | which would have matched its longest-ever winning streak dating back to 1897. |
| 1:29.5 | By the way, if you're wondering, the longest losing streak for the Dow is also 14 sessions, |
| 1:34.5 | which ended on August 13th, 1941. |
| 1:37.5 | Still, this month's 13-day run, as we told you on yesterday's show, |
| 1:41.5 | is the Dow's longest uninterrupted winning streak since the late 1980s. |
| 1:46.5 | US economic growth accelerated in the last quarter, despite higher interest rates. |
| 1:51.5 | The Commerce Department said gross domestic product grew at a seasonally |
... |
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