Economy
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S&P economists say 90-day trade pact with China brings limited relief
S&P said the de-escalation "brings only temporary relief." It noted that if the world's two largest economies can't reach a broader, more permanent trade deal in the next three months, tariffs are likely to increase again, perhaps sharply.
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Walmart likely to increase prices over tariffs in coming weeks: CFO
Price increases will likely begin “towards the tail end of this month, and I certainly expect more in June,” Walmart Chief Financial Officer John David Rainey said.
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Microsoft lays off 6,000 employees
The tech company has 228,000 workers globally, about 126,000 of which are in the U.S.
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Average age of homebuyers in the U.S. hits record high at 56: Report
According to the NAR report, the "median age of first-time buyers" went up from 35 to 38.
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'Inspiring and eye-opening': Gen Z's interest in skilled trades is rising
55% of Gen Zers are considering a skilled trade career, up 12% from last year.
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Pre-election jobs report unmasks Biden-Harris trend: private sector slows while government grows
The poor private sector jobs numbers could present stumbling block for Democratic nominee Kamala Harris who has worked to improve her image on the economy.
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US economy added 12,000 jobs in October, dealing a blow to Harris campaign days before election
Wall Street estimates were for the non-farm payroll jobs were 100,000
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Latest Commerce Department figures show inflation cooled in September
The personal consumption expenditures (PCE) price index showed a 0.2% increase for the month.
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Americans pay more for garbage collection under Biden-Harris admin: report
Data from the U.S. Department of Labor shows that Americans pay 4.75% more for trash collection than last year
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Retail group says holiday shopping sales to grow more slowly
National Retail Federation (NRF) said its 2024 forecast shows winter holiday spending is expected to grow between just 2.5% and 3.5% over 2023, much of it from online buying.
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Trump Media’s stock price jumps, adding about $2 billion to Trump’s stake in company: Report
The 2024 GOP presidential nominee's stake in the company, 115-million-shares, is currently worth more than $3 billion, according to a report from the New York Times.
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Harris floats forgivable $20K loans to black entrepreneurs
The plan would see her offer up to 1 million loans of up to $20,000 through government partnerships with private lenders, CNBC reported.
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Walgreens planning to close 1,200 stores over next 3 years
The company has been struggling as a result of online competition and decreasing prescription drug payments.
