Dan Schwartzman

Overall, the economy expanded 2.2 percent last year.

Data from the Bureau of Economic Analysis showed.

The BEA said the reduction in federal services during the shutdown subtracted about one percentage point from GDP, which contradicted President Trump, who posted on social media an hour before the data was released that the shutdown would cost the U.S., quote, at least two points in GDP.

U.S.

consumer sentiment rising less than expected in February as optimism among wealthier Americans was offset by declining confidence among those who haven't benefited from stock market gains.

People's perception of their current financial situation did improve in February, but 46% of consumers mentioned that high prices were eroding their personal finances.

Palm Beach Airport will be renamed President Donald J. Trump International Airport after Florida's Republican-led legislature approved a bill.

The airport renaming, though, requires federal aviation administration approval and an agreement with the rights holder of the name.

Governor Ron DeSantis is expected to sign the bill into law.

Norway continues its domination of the medal count at the Milan-Cortina Olympics with 37 total, with the U.S.

now in second with 27.

Norway has also won 17 gold medals, breaking their own record for most golds won at a Winter Olympics.

The U.S.

has won a total of nine gold medals.

That's news when you want it with Bloomberg News Now.

I'm Dan Schwartzman and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Dan Schwartzman.

The Supreme Court has struck down President Trump's sweeping global tariffs.

In a six to three ruling, the court said Trump exceeded his authority by invoking a federal emergency powers law to impose his, quote, reciprocal tariffs across the globe, as well as targeted import taxes.