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Wendy’s to close hundreds of U.S. restaurants to cut costs
Wendy’s plans to close up to 300 U.S. restaurants to boost profits and modernize remaining stores amid falling sales.
Trump is ramping up a new effort to convince a skeptical public he can fix affordability worries
After election losses tied to affordability concerns, Trump pivots messaging to emphasize tax cuts, lower drug prices and progress on fighting inflation.
‘No hire’ job market leaves unemployed in limbo as threats to economy multiply
Despite low unemployment, job seekers face the slowest hiring pace in over a decade as economic uncertainty, tariffs and AI fears stall recruitment.
Stocks wind up mixed on Wall Street after spending most of day in red
U.S. stocks slid Friday, with tech shares leading losses and the S&P 500 heading for its first weekly drop in four weeks amid weak data and shutdown worries.
US holiday sales expected to rise despite economic uncertainty
NRF forecasts U.S. holiday sales of $1.01–$1.02T, up 3.7–4.2%, even amid inflation, tariffs, and the ongoing government shutdown.
Trump may become the face of economic discontent, a year after such worries helped him win big
Voters frustrated with high costs dealt Trump a political setback as Democrats swept major races nationwide, citing affordability as their top concern.
U.S. mortgage rates fall to lowest level in a year
The average 30-year mortgage rate dropped to 6.17%, its lowest in over a year, boosting refinancing and homebuying demand.
Fed cuts key rate again to support slowing economy
The Federal Reserve lowered its key rate to 3.9%, its second cut this year, aiming to boost hiring as inflation remains elevated.
Fed expected to cut interest rate again Wednesday
The Federal Reserve is expected to cut its key rate Wednesday, likely followed by another in December to support U.S. hiring.
Wall Street rallies to more records as gold’s price slumps again
U.S. stocks surged to record highs as investors awaited a Trump-Xi meeting and the Federal Reserve’s next interest rate decision.
Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year
The average 30-year mortgage rate dropped to 6.19%, its lowest since October 2024, as inflation and Fed policy ease pressure.
US inflation stays elevated but prices rose less than feared last month
U.S. inflation hit 3% in September, led by higher gas and beef prices, as tariffs and rent costs shaped a mixed economic outlook.
