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Business
US holiday retail sales stronger than last year, Mastercard says
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Holiday shoppers opened their wallets at the last minute in search of good deals on online platforms in a sign that household finances remain healthy....
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US core capital goods orders rebound as economy eyes strong end to 2024
New orders for key U.S.-manufactured capital goods surged in November, offering more signs that the economy is on solid footing as the year ends.
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Starbucks workers’ union set to strike in US cities as talks hit impasse
The workers' union representing over 10,000 baristas at Starbucks said its members will strike, citing unresolved issues over wages, staffing and sche...
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Seeing low-income consumers squeezed, retailers target $10 and under gifts
Retailers including Target and Walmart are stocking shelves with more toys and gifts that cost less than $10 this holiday season, a strategy aimed at ...
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Honda, Nissan move to deepen ties, sources say, including possible merger
Honda and Nissan are in talks to deepen ties, the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challe...
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Starbucks workers union authorizes potential US strike
The workers union representing Starbucks baristas said they have authorized a potential strike, ahead of this year's final round of bargaining talks.
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S&P 500, Nasdaq rise on optimism ahead of rate cut, economic data
The S&P 500 and the Nasdaq climbed while the Dow was flat on Monday, as investors looked ahead to an anticipated Federal Reserve interest rate cut...
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US weekly jobless claims unexpectedly rise
More people continued to collect unemployment checks at the end of November relative to the beginning of the year as demand for labor cools.
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US consumer prices post largest gain in seven months; cost of rent subsides
Consumer prices increased by the most in seven months, but that is unlikely to discourage the Federal Reserve from delivering a third consecutive inte...
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Sharp downgrades to US unit labor costs bode well for inflation outlook
U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price inc...
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S&P 500, Nasdaq marginally lower as chip stocks fall; focus on inflation data
The S&P 500 and the Nasdaq were slightly lower on Monday after notching record closing highs in the previous session, as losses in chip stocks inc...
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Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data shows
Walmart, Amazon and fast-growing e-commerce sites Shein and Temu saw record-breaking sales on Black Friday and Cyber Monday.
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Southwest Airlines, American lift forecasts as holiday travel takes off
Southwest and American lifted their fourth-quarter forecasts, betting on buoyant domestic travel demand during the holiday season and improved pricing...
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Tech rally drives S&P 500, Nasdaq to record highs; Powell comments in focus
Wall Street's main indexes climbed on Wednesday, while investors awaited comments from Federal Reserve Chair Jerome Powell later in the day.
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Wall St opens slightly lower ahead of data, Fed commentary
Wall Street opened a touch lower on Tuesday after the S&P 500 and the Nasdaq notched record high levels in the last session, with focus on a cruci...
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US retailers aim to cash in on Cyber Monday with steep online discounts
Retailers are pulling out all the stops with steep promotions and discounts on their websites and apps after the long Thanksgiving weekend.
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