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Stocks rally ahead of Thanksgiving on Fed rate-cut hopes, AI surge
U.S. stocks climbed Monday as investors bet on a December Fed rate cut and AI giants boosted the market ahead of the Thanksgiving holiday.
Kohl’s promotes interim CEO and 30-year retail veteran Michael J. Bender to be its permanent chief
Kohl’s appoints Michael Bender as permanent CEO as the retailer battles years of falling sales and prepares to report third-quarter earnings.
Japan OKs $135 billion stimulus package to help revive its sluggish economy
Japan unveils a $135B stimulus package to ease rising prices, counter U.S. tariff impacts and revive growth under new Prime Minister Sanae Takaichi.
30-year mortgage rate edges up to 6.24%
U.S. mortgage rates rose to 6.24%, their second straight weekly increase, though they remain near this year’s lowest levels.
Fed may soon start buying bonds to manage market liquidity, Williams says
New York Fed President John Williams said the central bank may soon restart bond purchases to maintain control of short-term rates.
Atlanta Fed’s Raphael Bostic to retire in February
Atlanta Fed President Raphael Bostic will retire in February, opening a key Fed seat as Trump seeks more influence over the central bank.
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.
