Latest in Fed Cuts Store
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Why the Fed Will Cut Rates Even Though Inflation Hasn’t Budged
Everyday Americans still expect sticky inflation in the coming years.Inc. - Dec. 11 -
Traders are pretty sure of a Fed rate cut. What happens if inflation data is too hot?
Traders are pretty confident the Fed will deliver a rate cut next week. What happens if inflation data throws the market a curveball.MarketWatch - Dec. 11 -
People will die in storm power cuts, councillor says
Thousands in Wales are still waiting for power to be restored after Storm Darragh.BBC News - Dec. 10 -
Ollie’s Bargain Outlet store count boosts results as it buys up Big Lots locations
The bankruptcy of Big Lots is helping Ollie’s Bargain Outlet’s new store pipeline as the discount retailer’s bottom line benefits from an increased number of locations.MarketWatch - Dec. 10 -
Reeves vows to cut 'waste' in spending review
The chancellor says "efficiency savings" will ensure enough funding for key public services.BBC News - Dec. 10 -
Why radio icon Delilah does almost all her shopping at thrift stores
The ‘queen of sappy love songs,’ who has 8 million listeners, tells MarketWatch she’d rather put her money to use for charitable purposesMarketWatch - Dec. 10 -
Merch glorifying UnitedHealthcare CEO killer floods online stores
On e-commerce platforms like Etsy, TikTok Shop, eBay and Redbubble, sellers are hawking merchandise featuring designs inspired by the fatal shooting of UnitedHealthcare CEO Brian Thompson.NBC News - Dec. 10 -
Designer Brands Cuts 2024 Outlook
Designer Brands said its sales fell in the third quarter and cut its outlook for the year as unfavorable weather and economic uncertainty reduced consumer spending. Shares fell premarket.The Wall Street Journal - Dec. 10 -
Ashtead to Move Listing to U.S., Cuts Guidance
The equipment rental company cited commercial construction dynamics in the U.S. for lowering its guidance and said the country is its natural long-term listing venue.The Wall Street Journal - Dec. 10 -
GTA 6 Parody Game Shows Up On PlayStation Store
Considering that it's taken over a decade for Grand Theft Auto 6 to reach players, expectations are sky high for Rockstar Games' next GTA installment. That anticipation and the hype behind it are ...GameSpot - Dec. 9 -
He bought a KFC store in Australia for $100,000 in 1969. Today, his fast food company is worth over $3 billion
Jack Cowin, founder and chairman of Competitive Foods Australia, shares his "biggest break" in life, which ultimately made him a billionaire.CNBC - Dec. 9 -
Police unlawfully storing images of innocent people for facial recognition
Privacy fears raised as report warns photographs of arrested people who are then released are being retained. Images of arrested people who were innocent of any crimes are still being stored in a ...The Guardian - Dec. 8 -
The Fed is on course to cut interest rates in December, but what happens next is anyone's guess
Friday's jobs report virtually cements that the Federal Reserve will approve an interest rate cut when it meets later this month.CNBC - Dec. 7 -
What’s in store for the U.S. housing market in 2025?
Also: The aging bull market for stocks, the UnitedHealth aftermath and advice from the Moneyist.MarketWatch - Dec. 7 -
Why Powell and the Fed should pause interest-rate cuts in December
Some say November’s jobs data support holding monetary policy steady.MarketWatch - Dec. 7 -
Jobs report shows hiring surge as Fed weighs interest rate cut
The fresh data marks the first jobs report since the election of Trump.ABC News - Dec. 6 -
India central bank cuts growth forecast
RBI holds rates and says economy has bottomed outFinancial Times - Dec. 6 -
Petco’s new CEO wants to make these changes to its stores, as shares gain
When Joel Anderson took the helm at Petco Health & Wellness Co. earlier this year, he said he wanted to improve the pet-supplies chain’s profitability. On Thursday, he offered a more detailed ...MarketWatch - Dec. 6 -
U.S. drug store closures create pharmacy deserts
The closures of both independent and big chain drug stores across the U.S. has become a trend that is having a serious impact on health care. Mark Strassmann examines what is behind the change and ...CBS News - Dec. 5 -
Moment earthquake hits California and damages store
A tsunami warning was cancelled after the 7.0 magnitude quake shook parts of the West coast.BBC News - Dec. 5 -
M&S wins approval to demolish and redevelop flagship Oxford Street store
Permission from housing secretary to knock down art deco building in central London caps lengthy battle by retailerFinancial Times - Dec. 5 -
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Frasers Group Tumbles After Guidance Cut
The U.K. sports-fashion retailer lost $540.4 million off its market value after it lowered expectations for its fiscal year, citing recent tough business conditions and weak consumer confidence.The Wall Street Journal - Dec. 5 -
Why a ‘robust’ jobs report for November probably wouldn’t derail Fed rate cut
A “decently robust” U.S. jobs report on Friday probably wouldn’t derail the Fed from delivering an interest-rate cut this month, according to BlackRock’s Russ Brownback.MarketWatch - Dec. 5 -
Walmart recalls cucumber slices sold in Texas stores over salmonella risk
Walmart is recalling cucumber slices sold in 34 Texas stores over concerns that they may be contaminated with salmonella.NBC News - Dec. 5 -
Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Almost 30 Percent of U.S. Drug Stores Closed in a Decade, Study Says
Closures by big chains and independent stores hit poorer neighborhoods hardest, researchers found.Inc. - Dec. 4 -
Victim-support cut to be devastating, charity says
The cut follows government promises of stronger protections for victims of crimes such as stalking.BBC News - Dec. 4 -
These parts of Trump's tax cut law expire in 2026
The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to limit the bill’s expansionary effects on the ...The Hill - Dec. 4 -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - Dec. 3 -
How Amazon Aims to Feed Whole Foods’ Growth With Mini City Stores
Whole Foods is expanding its small format Daily Shop locations to offer fresh produce, groceries, and prepared meals for residents in metropolitan neighborhoods.Inc. - Dec. 3 -
Dollar stores are struggling to win over bargain hunters — here’s why
Slowing sales and company-specific struggles have put pressure on Dollar General and Dollar Tree, which will report quarterly earnings this week.CNBC - Dec. 3 -
Dollar stores are struggling to win over bargain hunters — here's why
As shoppers look for value, dollar stores might seem to be logical destinations.NBC News - Dec. 3 -
German job cuts darken mood of election campaign
Snap February poll comes as Europe’s largest economy faces its toughest challenges for decadesFinancial Times - Dec. 3 -
Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller cited recent data indicating that progress on inflation may be "stalling."CNBC - Dec. 2 -
Fed’s Waller says he supports interest-rate cut at next meeting — for now
Federal Reserve Governor Christopher Waller said Monday that as of today, he supports an interest-rate cut at the central bank’s next meeting in a little over two weeks.MarketWatch - Dec. 2 -
Kids worked overnight shifts at pork processing plant, feds find
Feds find 11 kids illegally employed for at least 4 years at Seaboard Triumph Foods facility in Sioux Falls, Iowa.CBS News - Dec. 2 -
Fed Governor Waller says he is 'leaning toward' a December rate cut but worries about inflation
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.NBC News - Dec. 2 -
Top Fed official warns progress on taming US inflation ‘may be stalling’
Governor Christopher Waller says he still supports a December interest rate cut barring a surprise in the economic dataFinancial Times - Dec. 2 -
Under Powell, the Fed Makes Monetary Policy Boring Again
The central bank no longer needs to play a prominent role in the U.S. economy, which is running more normally as the pandemic crisis recedes.Inc. - Dec. 2
