Consumers are spending, but Wall Street and businesses expect a tighter squeeze ahead
Macy’s, Target and Dollar General are warning investors their sales will suffer this year as consumers shift spending to essentials
2023-06-23 02:28
FDA warns stores to stop selling Elf Bar, the top disposable e-cigarette in the US
U.S. regulators have sent warning letters to dozens of retailers selling fruity disposable e-cigarettes, including the current best-selling brand, Elf Bar
2023-06-23 01:15
May home sales inch higher with record-few on the market and biggest annual price drop since 2011
Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, even as the supply of available properties sank to an all-time low
2023-06-23 00:57
China formally protests Biden's depiction of its leader as an out-of-touch 'dictator'
China says it has registered a formal protest over President Joe Biden's description of China's leader as a dictator
2023-06-23 00:22
Tech billionaires' cage match? Musk throws down the gauntlet and Zuckerberg accepts challenge
Elon Musk and Mark Zuckerberg are ready to fight, offline
2023-06-22 23:16
Kenya's new tax package angers some backers of president who once vowed to reduce cost of living
Kenyans are preparing for tough times after lawmakers approved tax increases that are even unpopular with supporters of the president who once vowed to reduce the cost of living
2023-06-22 22:48
Home sales inch up in May amid record-low inventory and biggest annual drop in prices since 2011
Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, even as the supply of available properties sank to an all-time low
2023-06-22 22:26
Stock market today: Wall Street follows global markets lower after more rate hikes
Wall Street followed global markets lower early Thursday as countries around the world cranked up interest rates one day after Federal Reserve Chair Jerome Powell told Congress he believes inflation still isn’t under control
2023-06-22 21:56
German rail union threatens open-ended strikes over pay dispute
A German rail workers’ union says it will ask its members to vote on all-out strike action after long-running salary talks with the main national railway operator broke down
2023-06-22 21:23
Weekly US applications for unemployment aid remain elevated
The number of Americans applying for unemployment benefits remained elevated last week, a possible sign that the Federal Reserve’s rate hikes are beginning to cool a still-strong labor market
2023-06-22 21:00
Stock market today: Wall Street futures follow global shares lower on rate hikes galore
Wall Street followed global markets lower early Thursday as countries around the world cranked up interest rates one day after Federal Reserve Chair Jerome Powell told Congress he believes inflation still isn’t under control
2023-06-22 20:53
Swiss central bank urges review of 'too big to fail' bank safeguards after Credit Suisse debacle
Switzerland’s central bank says it's time to review rules aimed at preventing disastrous bank collapses
2023-06-22 19:55