The Latest Breaking News from GDP

New GDP data show sharp contraction in residential investment.

US economy snapped two straight quarters of GDP decline to grow 2.6 percent, but domestic demand weakened.

Stocks futures higher with earnings, rates, GDP data in sight; Meta shares plunge on grim Q3 update, metaverse losses; Ford slides on narrowed profit guidance, charge to exit self-driving business; Apple slips ahead of Q4 earnings with outlook in focus and Twitter shares to be suspended as Musk takeover looms.

Thursday's GDP report shows the U.S. economy grew at an annual rate of 2.6% in July, August and September, after shrinking in the first half of the year.

Mr Sunak has not matched a pledge by his predecessor Liz Truss to boost defence spending from 2% to 3% of GDP by 2030.

Wall Street is expecting a positive GDP report on Thursday, which could impact the markets as investors grapple with disappointing earnings from Microsoft and Alphabet.

The last time a new government brought down its first budget, in 2014, it was a disaster for all concerned.

Despite rising recession odds, the GDP growth expectations for the third quarter and improved consumer in September should bode well for the stock market. Therefore, fundamentally sound stocks Coca-Cola (KO) and Energy Transfer (ET) might be great buy-and-hold options this fall. Read on….

Did the Treasurer get his facts straight in Labor's first budget speech in a decade? RMIT ABC Fact Check investigates.