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Best Buy ups sales outlook heading into holiday shopping ramp-up
Best Buy raised its full-year forecast after strong third-quarter results, with computing, gaming and mobile driving 2.7% comparable-sales growth.
Consumer confidence slides as Americans grow wary of high costs and sluggish job gains
U.S. consumer confidence fell to 88.7 in November as inflation, weak hiring and the shutdown weighed on Americans’ views of the economy, survey shows.
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.
Broadcast giant Sinclair makes bid to buy out EW Scripps for $7 per share
Sinclair has made a $7-per-share offer to buy E.W. Scripps, a move that could reshape local TV news as consolidation accelerates across the broadcasting industry.
Judge dismisses Comey, James indictments; finds prosecutor was illegally appointed
A federal judge dismissed criminal cases against James Comey and Letitia James, ruling the Trump-backed prosecutor was illegally appointed by the DOJ.
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.
Boeing’s troubled capsule won’t carry astronauts on next space station flight
NASA will fly Boeing’s Starliner without astronauts on its next mission after major thruster problems stranded a crew in 2024, aiming to prove the capsule’s safety.
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.
OpenAI and Taiwan’s Foxconn to partner in AI hardware design and manufacturing in the US
OpenAI teams up with Foxconn to design and build AI data center equipment in the U.S., boosting American AI infrastructure and manufacturing capacity.
Trump administration unveils new offshore drilling plan
Trump administration proposes offshore drilling off California, Florida, and Alaska, sparking economic and environmental concerns.
Nvidia sales soar as AI chip demand beats forecasts
Nvidia’s AI chip sales surged past expectations, easing tech market jitters and lifting the stock more than 5% after its quarterly results.
Walmart posts strong quarter, raises financial outlook
Walmart beat expectations with strong sales and profits, raised its outlook, and announced plans to shift its stock listing to Nasdaq.
