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The U.S. economy grew at a slightly slower pace than expected in the fourth quarter, according to the Commerce Department’s final estimate. The Bureau of Economic Analysis (BEA) released its final reading on Thursday, showing gross domestic product (GDP) rose at an annualized rate of 0.5% over the three-month period that included October, November and December.
The 0.5% figure was below economists’ expectations. Economists polled by LSEG had forecast fourth-quarter GDP growth of 0.7%.

Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…