Two measures of the U.S. economy were reported on Wednesday, both of which exceeded forecasters’ expectations.

According to the Commerce Department, the U.S. economy grew by 2.9 percent last year. According to some experts, the true economic growth is likely twice that.

Three reports released on Friday were good news for everyone involved in the U.S. economy, except for forecasters who once again underestimated its strength.

Rich Wall Street investors holding Puerto Rican bonds are going to take a big hit in the settlement of that nation’s bankruptcy.

 

Despite being targeted by activists for destruction, it’s Chick-fil-A that now has the reason to crow: It’s poised to leapfrog a few major competitors to become our nation’s number-three fast-food chain in terms of sales, remaining behind only McDonald’s and Starbucks.

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