U.S. Economy Grew 4.1% in 3Q; BlackBerry Reports a $4.4 Billion Loss
Stocks jumped up today after reports were released that showed that the U.S. economy grew approximately 4.1% in the third quarter. This growth rate was well above what the Commerce Department predicted which was 3.6%. It was also reported that the Dow Jones experienced its best week since January. Just the day after Target (TGT) confirmed that they experienced a huge breach, many potential victims are expressing their frustrations through any outlet available. This theft is considered the second largest credit card breach in U.S. history.The U.S. unemployment rate fell to 7.0% in November, with North Dakota reporting the lowest rate of 2.6%. The problems for BlackBerry (BBRY) continue as they reported today that they loss $4.4 billion in the third quarter.
Word on the Street
- U.S. economy grew more this year than expected.
- Mark Zuckerberg has a $2 billion tax bill.
- Target (TGT) has many angry customers after confirming massive hack.
- Jobless rate falls again in November, 45 states report.
- Blackberry (BBRY) lost $4.4 billion in the third quarter.
- Facebook (FB), Zuckerberg to sell 70 million shares in secondary offering.
Published on Dec 20, 2013By InvestorGuide Staff