Latest in Seeing Low Income Consumers Squeezed, Retailers Target $10 and Under Gifts
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Seeing Low-Income Consumers Squeezed, Retailers Target $10 and Under Gifts
Inflation is still putting pressure on holiday budgets, which means more items with lower price points on shelves.Inc. - 1d -
40 Techy Gifts Under $100 That We Tested and Love
Score a great gift for everyone on your list without breaking the bank. Every one of these gifts comes WIRED-recommended.Wired - 2d -
How much money Americans under 35 have in their 401(k)s—see how you compare
Nearly half of American workers have 401(k) balances that are $50,000 or less.CNBC - 7h -
British retail sales rebound falls short of expectations
Supermarkets performed well in November but clothing stores had tough monthFinancial Times - 14h -
Anti-Trump forces build a network to aid potential political targets of the incoming administration
Pro-democracy advocates are in the early stages of building a network of specialists aimed at defending people who may be targeted for retribution by Trump.NBC News - 1d -
10 places to see in the winter solstice in the UK and Ireland (that aren’t Stonehenge)
The longest night/shortest day is celebrated at the famous prehistoric site, but there are many other atmospheric locations to welcome the returning of the light on 21 December. From the outside it ...The Guardian - 1d -
From trees to decorative chickens, holiday decor could boost retailers as shoppers pull back on gifts
For the holiday season, the front lawn of the Milam family’s house in Dallas has transformed into a mini golf winter wonderland.NBC News - 2d -
From trees to decorative chickens, holiday decor could boost retailers as shoppers pull back on gifts
Retailers are trying to capitalize on customers going big on decorating, especially as discretionary spending is still under pressure.CNBC - 2d -
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The retailers living in fear of violent shoplifters
One retailer in Edinburgh's plush Morningside district was knocked to the floor and throttled by a thiefBBC News - 2d -
Senators demand USDA prevent theft of grocery funds from low-income families
The U.S. Agriculture Department must take immediate action to secure the grocery benefits cards from which low-income families are being robbed, six Democratic senators urged.NBC News - 3d -
Journalists anticipate a renewed hostility toward their work under the incoming Trump administration
When Donald Trump takes office as president for a second time, many journalists anticipate a hostile climate toward them and their workABC News - 4d -
SALT income-tax-deduction cap could double under Trump 2.0. But maybe not for the rich.
Trump economic adviser Steven Moore floats raising the cap — put in place, in the first place, in the first year of Trump’s initial White House term — from $10,000 to $20,000.MarketWatch - 4d -
These 10 most-loved S&P 500 stocks could see as much as 50% upside in 2025
Some of the highest-rated stocks are plays on rapid sales growth, but there are also value-oriented names on the list.MarketWatch - 6d -
An Argentine tourist is shot in head in Rio after mistakenly driving into low-income community
An Argentine tourist has been shot in the head and chest in Rio de Janeiro after he mistakenly drove his car into a low-income community, police saidABC News - Dec. 12 -
Low-income families, advocates implore Tenn. governor to renew Summer EBT before deadline
A federal program that helped nourish hundreds of thousands of Tennessee children over the summer will expire unless the governor renews it by Jan. 1.NBC News - Dec. 12 -
Here are the retailers shuttering thousands of stores in 2024
Some major retailers are struggling to attract customers, leading to more than 7,100 store closures in 2024 — a 69% jump from a year ago.CBS News - Dec. 12 -
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Exxon Mobil Targets 10% Annual Earnings Growth Through 2030
The biggest U.S. oil company laid out a six-year strategic plan in which it it plans to grow earnings at a compound annual growth rate of 10% and boost spending on capital projects through 2030.The Wall Street Journal - Dec. 11 -
WATCH: Mom and kids sneak downstairs to see Santa leaving gifts under Christmas tree
Tyler Montemurro, a mom of five, started this tradition with her family in 2021 when her dad had the idea to dress up as Santa Claus.ABC News - Dec. 11 -
Kristen Arnett on Holiday Gifts
The author keeps a list on her phone of gift ideas. “During the year, if someone close to me mentioned something that they really like or really want, I put a note in right then.”The New York Times - Dec. 9 -
The Art of the Gift: Samin Nosrat
One of the chef and author’s favorite gifts is homemade apricot jam, which she makes “specifically to be able to share it with people.”The New York Times - Dec. 9 -
Macy’s shareholders clamor for retailer to squeeze value from its real estate, among other changes
Two investors launched a campaign Monday seeking changes at Macy’s that would boost profitability and returns.MarketWatch - Dec. 9 -
Consumer watchdog faces daunting future under Trump
The Consumer Financial Protection Bureau (CFPB) is headed for a rocky future under President-elect Trump. The powerful financial watchdog agency is in for a reckoning during a second Trump ...The Hill - Dec. 9 -
Fixed income becomes even harder to navigate
Market participants are realising that the flat, low, predictable rates over the past 15 years were an anomalyFinancial Times - Dec. 9 -
China consumer inflation rate drops to a five-month low, missing expectations as economy slows
China's consumer prices rose less-than-expected in November, climbing 0.2% from a year ago, according to data from the National Bureau of Statistics released Monday.CNBC - Dec. 9 -
Returns are an $890 billion problem for retailers
Holiday shopping is expected to reach record levels this year.NBC News - Dec. 8 -
How low-income DC residents can benefit from a second Trump administration
Mayor Muriel Bowser is open to working with the incoming Trump administration to benefit working-class residents of Washington, D.C., with potential areas for collaboration.The Hill - Dec. 8 -
Trump's tariffs: A tax on American consumers
President-elect Donald Trump has promised to impose across-the-board tariffs on imported goods from some allies and adversaries, claiming that foreign nations will pay such taxes to the U.S. ...CBS News - Dec. 8 -
Retail returns: An $890 billion problem
As shopping reaches a peak in the weeks ahead, retailers expect their return rate for the holidays to be 17% higher, on average, than the annual rate.CNBC - Dec. 7 -
The Big Ten and SEC are set to gobble up CFP bids. That could squeeze the ACC and other leagues
The Big Ten and Southeastern conferences are set to gobble up the majority of the bids to the newly expanded 12-team College Football PlayoffABC News - Dec. 6 -
The stock market’s ‘fear gauge’ is trading at lows. Why retail investors should take note.
The Cboe Volatility Index hasn’t been this low in months.MarketWatch - Dec. 6 -
25 Gift Ideas Under $25 (2024), Tested and Reviewed
Whether you’re shopping for a book lover, organizer, or perpetual phone dropper, a cheap holiday gift can always be a fun one.Wired - Dec. 5 -
Chinese online retailer Temu suspended in Vietnam
Chinese online retailer Temu has been told to suspend operations in Vietnam after it failed to meet an end-of-November deadline to register with the country's Ministry of Industry and TradeABC News - Dec. 5 -
Amazon sued over slower deliveries to low-income neighborhoods
Amazon allegedly stopped its fastest delivery service to almost 50,000 Prime subscribers in two District of Columbia ZIP codes.CBS News - Dec. 4 -
Amazon Sued Over Slow Deliveries to Low-Income Areas
The District of Columbia’s attorney general said the company deliberately outsourced Prime member deliveries in certain ZIP codes.The New York Times - Dec. 4 -
The Memo: Democrats hit Biden for pardon that they see as gift to Trump
President Biden is facing blowback from his own party for his dramatic Sunday evening pardon of his son, Hunter Biden. A growing chorus of Democrats have raised their voices to object to the ...The Hill - Dec. 3 -
LeBron James scores season-low 10 points in Lakers' 109-80 blowout loss to Timberwolves
LeBron has scored a combined 22 points in his past two games.Yahoo Sports - Dec. 3 -
Microchip Technology to Cut Jobs, Sees Revenue Near Low End of Views
The Chandler, Ariz., total system solutions provider said it plans to cut about 500 employees following slower-than-expected turns orders and manufacturing restructuring plans.The Wall Street Journal - Dec. 2 -
Incoming House majority squeezed by Trump's planned appointments
President-elect Donald Trump's selection of a number of House Republicans to fill top posts in his administration is pulling from an already shallow bench.CBS News - Dec. 2
