Commerce Department

The U.S. economy grew rapidly in the fourth quarter of last year, advancing to a 6.9% annual rate, capping the strongest year of growth in nearly four decades as the country rebounded quickly from the pandemic-induced recession.But…

Retail sales rose modestly at the start of the holiday season, as shoppers faced rising prices and supply shortages, and some snapped up gifts earlier.Sales at U.S. retail stores, online sellers, and restaurants rose by a…