Increased November Retail Sales Fuel Hopes for Yearend Spending Boom
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UK retail sales rise ‘modestly’ as consumers remain cautious
Shoppers continued to cut volume of goods they purchased in February, industry data indicatesFinancial Times - 1d -
Uncertain Shoppers Slow Spending as Retailers Temper 2025 Expectations
The Conference Board said consumer confidence took its biggest one-month slide in four years, forcing many national chains to lower earnings guidance.Inc. - 4d -
Kohl’s stock tumbles on weak outlook as sales slide. Retailer is taking action, CEO says.
Kohl’s has “identified key areas of focus,” CEO Ashley Buchanan said.MarketWatch - 4h -
House GOP seeks spending cuts, defense increases in plan to avert shutdown
House Republicans on Saturday unveiled a six-month stopgap government funding plan, that seeks cuts to nondefense programs while boosting funding for defense. The bill's rollout kicks off a crucial ...The Hill - 3d -
U.S. farmers react to China's retaliatory tariff increase
China slapped an additional 15% import tax on American farm products, including pork, poultry, beef and soybeans. Lana Zak reports from Mount Vernon, Iowa. Then, Ed O'Keefe has the latest on ...CBS News - 1d -
Iran’s hardliners dig in as Trump increases pressure for nuclear talks
Reformist president Masoud Pezeshkian’s hopes for détente with west in tatters as rival factions tighten grip on powerFinancial Times - 1d -
House GOP budget plan would cut domestic spending by $13 billion
House Speaker Mike Johnson has unveiled his plan to avert a government shutdown by Friday night. The short-term stopgap bill would fund the government until Sept. 30, increase defense spending by ...CBS News - 1d -
House votes to avoid government shutdown by passing temporary spending bill
The House of Representatives has passed a short-term funding bill to avert a government shutdown. The stopgap bill funds the government until Sept. 30. The measure increases defense spending by $6 ...CBS News - 2h -
Big Tech's big bet on nuclear power to fuel artificial intelligence
Faced with the need to cut carbon emissions, and an increasing energy demand to power AI, companies like Microsoft, Google and Amazon are investing in nuclear, from restarting Three Mile Island, to ...CBS News - 2d -
What kind of jobs will be impacted by AI?
Last week, online furniture retailer Wayfair announced it would increase its use of generative artificial intelligence and cut 340 tech jobs. It reflects an increase in businesses and companies ...CBS News - 1h -
McDonald’s Customers Will Get Their Meals With a Side of AI
The Golden Arches is joining many of its fast-food rivals in rolling out AI technology it hopes will increase efficiency, ease workflows, and boost satisfaction.Inc. - 3d -
E.C.B. Cuts Interest Rates Again, With an Uncertain Path Ahead
Vows by European leaders to increase borrowing to ramp up military spending have reshaped the fiscal picture that the central bank must confront.The New York Times - 5d -
Big Tech's big bet on nuclear power
Faced with increasing demand for energy to fuel artificial intelligence, and the need to cut down on carbon emissions, companies like Microsoft, Google and Amazon have announced major investments ...CBS News - 2d -
Macy’s Signals Rocky Year Ahead as Retailers Reckon With Trade War
The largest department store chain in the United States, like many other retailers, has warned that shoppers may be more cautious in the months ahead.The New York Times - 5d -
‘We don’t believe in the velvet rope:' One money manager is giving retail investors access to private credit. But is it worth it?
The exchange-traded fund industry is looking to give retail investors more access to alternative investments including private credit.CNBC - 3d -
Bitcoin falls to November low under $80,000 on heightened recession fears
Bitcoin slipped under the $80,000 level on Monday, dragged by the continued selling pressure in the equities market.CNBC - 1d -
A Sensitive Complex Housing a CIA Facility Was on GSA's List of US Properties for Sale
Plans to redevelop a Northern Virginia warehouse site have long been complicated by the area’s worst-kept secret—the presence of a CIA facility. The GSA put the site up for sale anyway.Wired - 5d -
Wealth managers dump investment trust shares
But retail investors buy into the troubled sectorFinancial Times - 3d -
Trump: Administration talking to four groups about possible TikTok sale
President Trump said Sunday that his administration is in talks with four groups about a potential TikTok sale, with less than a month until a ban on the popular video-sharing platform is set to go ...The Hill - 1d -
Dick's Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl
Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend ...NBC News - 7h -
‘World’s hottest brand’: how Miu Miu defied sales plunge in fashion industry
As luxury firms struggle worldwide, the ‘knowingly cool’ label is posting record-breaking sales figures. While profits fall across the luxury fashion industry, one kooky Italian label is posting ...The Guardian - 3d -
Stitch Fix’s stock rallies after styling service boosts full-year sales forecast
Shares of Stitch Fix rallied after hours on Tuesday, after the online clothing and styling service nudged its full-year sales forecast higher and said its turnaround efforts were working, even as ...MarketWatch - 43m -
Healthy Returns: Wegovy is linked to an increased risk of hair loss, study suggests
Novo Nordisk's weight loss drug Wegovy is linked to an increased risk of hair loss, a study suggests. Meanwhile, Dexcom received a warning letter from FDA.CNBC - 5h -
Trump to increase steel and aluminum tariffs on Canada in response to electricity surcharge
President Trump on Tuesday said his administration will increase planned steel and aluminum tariffs against Canada in response to an electricity surcharge the Ontario government imposed in the ...The Hill - 10h -
US Coast Guard investigates fuel spill off the tiny Puerto Rican island of Vieques
The U.S. Coast Guard is investigating a fuel spill off the tiny Puerto Rican island of Vieques, which is popular with touristsABC News - 3d -
Ireland Grand Slam hopes ended by rampant France
France take control of the Six Nations title race as they score 34 unanswered points to beat Ireland in Dublin and end the home side's Grand Slam hopes.BBC News - 3d -
Dominant France win ends Ireland's Grand Slam hopes
Watch highlights as France beat Ireland 42-27 to end Irish Grand Slam hopes and go top of the Six Nations table.BBC News - 3d -
Blackhawks Spending $30 Million on Non-Roster Players
The Chicago Blackhawks are spending a ridiculous amount of money on players not currently on their roster this season. The team has gotten to this point from all different pathways.Yahoo Sports - 1d -
As at-home LED skin treatment booms, we ask experts what they think
The at-home light therapy treatment is increasingly being seen as a must-have skincare accessory.BBC News - 4d -
'We don't need a Gail's' - the coffee shop boom dividing locals
The controversial cafe chain is expanding outside London but locals often have mixed feelings.BBC News - 3d -
How the gold bullion boom sent a US recession alarm blaring
Gold-adjusted GDP forecasts. Really!Financial Times - 1d -
From chatbots to intelligent toys: How AI is booming in China
China plans to invest more than a trillion dollars as it races against the US to rule advanced tech.BBC News - 1d -
Trump Promised Americans Booming Wealth. Now He’s Changing His Tune.
President Trump’s sweeping promises are running headlong into the reality of governing.The New York Times - 11h -
Germany can spend almost €2tn without harming growth, economists say
FT survey finds ‘large fiscal capacity’, but economists urge would-be chancellor Friedrich Merz to spend funds wiselyFinancial Times - 1d -
Germany’s Greens vow to block Merz’s flagship spending package
Party officials reject €500bn infrastructure fund plan and change to debt borrowing rules to fund defence spendingFinancial Times - 1d -
The Hot Place to Be Seen for Young Indians: Book Festivals
From beaches to hilltops, young people are driving a boom in literary events as they read more in India’s dozens of native languages.The New York Times - 3d -
Trump Moves to Increase Logging in National Forests
The president wants to circumvent environmental regulations to expand timber production, something sought by homebuilders and the construction industry.The New York Times - 5d -
What the world needs now is more fossil fuels, says Trump’s energy secretary
Chris Wright signals abandonment of Biden’s ‘irrational, quasi-religious’ climate policies at industry conference . The world needs more planet-heating fossil fuel, not less, Donald Trump ’s newly ...The Guardian - 1d -
Why 49ers' recalibration doesn't mean halt to 2025 spending
While 49ers general manager John Lynch has emphasized a recalibration of San Francisco's spending habits, that doesn’t mean there will be a change in philosophy.Yahoo Sports - 2d -
Congressional Republicans unveil spending plan to avert government shutdown
Congressional Republicans unveiled their plan for a spending bill to avert a government shutdown as the deadline approaches this Friday. NBC News’ Yamiche Alcindor reports.NBC News - 2d
