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Jobless claims fall to 3-year low ahead of Fed decision
WASHINGTON (AP) — U.S. applications for unemployment benefits fell to their lowest level in more than three years during Thanksgiving week, potentially complicating the Federal Reserve’s upcoming decision on interest rates. The number of Americans applying for jobless benefits for the week ending Nov. 29 fell to 191,000 from the previous week’s 218,000, the […]
US retail sales rose slightly in September, adding to months of big gains
U.S. retail sales rose 0.2% in September as high prices and weak hiring pressured consumers, though stronger spending may boost third-quarter economic growth.
U.S. jobless claims fall as filings return after shutdown
US filings for jobless benefits remained in historically healthy range during government shutdown
Starbucks workers kick off 65-store US strike on company’s busy Red Cup Day
More than 1,000 unionized Starbucks workers strike at 65 stores on Red Cup Day to protest stalled contract talks with the company.
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.
Trump says 50-year mortgages would be no ‘big deal’
Trump calls 50-year mortgages minor, saying longer terms reduce monthly payments but delay homeownership and equity buildup.
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 warns US at risk if court ends his tariffs
WASHINGTON (AP) — President Donald Trump has warned that the United States will be rendered “defenseless” and possibly “reduced to almost Third World status” if the Supreme Court strikes down the tariffs he imposed this year on nearly every country on earth. The justices sounded skeptical during oral arguments Wednesday of his sweeping claims of authority to […]
US Steel details plans to invest $11B by 2028
U.S. Steel and new owner Nippon Steel unveiled an $11 billion plan to modernize facilities and boost efficiency, aiming to protect 100,000 U.S. jobs.
Conservative Supreme Court justices appear skeptical of Trump’s sweeping unilateral tariffs
Conservative justices raised doubts about President Trump’s broad use of emergency powers to impose tariffs, a key test of executive authority.
Amazon hoists Wall Street toward another winning week and month
Amazon shares surged 11%, lifting the S&P 500 closer to a record high as Wall Street capped its sixth straight winning month.
US home turnover rate hits lowest level in 30 years
Only 28 of every 1,000 U.S. homes changed hands this year, marking the lowest turnover rate since the 1990s amid a sluggish job market.
