Fed lowers interest rates, hints at hold into 2026
WASHINGTON – The Federal Reserve on Wednesday lowered interest rates for the third time this year, signaling a more cautious approach to monetary policy as it heads into 2026. The…
US consumer sentiment rises this month but remains low, University of Michigan says
WASHINGTON – U.S. consumer sentiment showed a modest uptick this month as concerns about inflation eased slightly, though overall confidence remains low. The University of Michigan’s preliminary consumer sentiment index…
Layoff announcements exceed 1.1 million in 2025, highest since 2020 pandemic, Challenger says
U.S. employers announced more than 71,000 job cuts in November, pushing total layoffs for 2025 past 1.17 million, the highest level since the 2020 pandemic, according to consulting firm Challenger,…
Macy’s reports biggest growth in over 3 years, issues cautious holiday outlook
Macy’s posted stronger-than-expected sales for the third quarter, marking its most significant growth in over three years as the retailer’s turnaround strategy appears to be gaining traction. The department store…
Costco sues Trump administration for tariff refunds ahead of Supreme Court ruling
Costco filed a lawsuit against the Trump administration seeking a full refund of tariffs it has already paid this year and to prevent further collection of those import duties while…