Latest in Than Expected Holiday
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Target’s holiday sales show a rebound from third-quarter doldrums
Target raised guidance for a key metric in an update on its holiday sales after achieving records for both Black Friday and Cyber Monday promotional events.MarketWatch - Jan. 16 -
Bank of America tops estimates on better-than-expected investment banking, interest income
The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.CNBC - Jan. 16 -
Retail sales point to a robust holiday shopping season. U.S. economy starts off 2025 with some momentum.
Retail sales rose at a solid pace in the final month of 2024, capping off a good holiday shopping season and suggesting the economy entered the new year with some momentum.MarketWatch - Jan. 16 -
Core inflation rate slows to 3.2% in December, less than expected
The consumer price index was expected to rise 0.3% in December and show an annual inflation rate of 2.9%.CNBC - Jan. 15 -
Amorim: Saints to teach me more than Arsenal
Ruben Amorim said he will learn more about his players when they face Southampton than during the performances against Liverpool and Arsenal.ESPN - Jan. 15 -
The risk of dementia is much higher than experts thought
The lifetime risk of dementia after age 55 is double previous estimates, new research suggestsMarketWatch - Jan. 14 -
People bought cheaper jewelry as holiday gifts, and Signet’s stock is tumbling
Kay Jewelers, Zales parent cut its sales outlook as more customers bought discounted jewelry for Christmas than expected.MarketWatch - Jan. 14 -
Is the recent uptick in inflation cresting? Wholesale prices posts smaller-than expected increase.
Wholesale prices in the U.S. rose modestly in December in a reprieve from a string of elevated inflation in the final months of 2024 that have likely put off any further reductions soon in interest ...MarketWatch - Jan. 14 -
Retailers post early holiday results — and Wall Street isn’t impressed
Lululemon, Abercrombie & Fitch and American Eagle all hiked their holiday guidance, but Abercrombie's growth is slowing.CNBC - Jan. 13 -
Macy’s stock slides as retailer warns Q4 sales could be weaker than expected
Macy’s gave its fourth-quarter update just days after announcing a slate of store closures.MarketWatch - Jan. 13 -
Pete Hegseth is expected to be grilled in confirmation hearing
President-elect Trump’s pick for secretary of defense, Pete Hegseth, is expected to be grilled during his confirmation hearing over allegations of sexual and financial misconduct and alcohol abuse. ...NBC News - Jan. 13 -
Lululemon’s stock jumps as strong holiday sales show demand is improving
Lululemon’s stock rallies toward a 10-month high after guidance for profit, revenue and gross margin were raised.MarketWatch - Jan. 13 -
Trump, Putin call expected soon, Waltz says
President-elect Trump and Russian President Vladimir Putin are expected to have a phone call in the coming days or weeks, Trump’s incoming national security adviser, Rep. Mike Waltz (R-Fla.), said ...The Hill - Jan. 13 -
India's inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts
The full year inflation forecast for the RBI's 2024 fiscal year ending June 2025 is projected at 4.8%.CNBC - Jan. 13 -
The Mothers on Broadway Are Finally More Than Monsters
Onstage, the flip-side of filial devotion has often been contempt. But a wave of forceful and multidimensional mothers suggests that may be changing.The New York Times - Jan. 13 -
Debts on EY’s failed Project Everest took longer than expected to clear
Doomed spin-off plan still had $270mn outstanding at the end of the firm’s financial yearFinancial Times - Jan. 13 -
Lakers, Clips expected to resume home slate Mon.
After the postponement of three games in the L.A. area due to ongoing wildfires, the Lakers and the Clippers are expected to return to action with home games Monday.ESPN - Jan. 13 -
Boeing production in 2024 expected to be less than half of rival Airbus
US planemaker may have delivered 340 aircraft compared with 766 of European group, analysis suggests. Boeing is expected to confirm it made less than half of the aircraft of its rival Airbus in ...The Guardian - Jan. 12 -
Saturday Sessions: Wilderado performs "Higher Than Most"
Wilderado was formed in 2015, when frontman Max Rainer and guitarist Taylor Wimpee met at Baylor University. In the decade since, the band has recorded two albums and five EPs, and toured the ...CBS News - Jan. 11 -
Don’t expect Mark Zuckerberg to save social media
Mark Zuckerberg's decision to do away with fact-checkers on Facebook and Instagram is not a solution to the problem of centralized power over speech, and congressional action is needed to dilute ...The Hill - Jan. 11 -
Why Trump’s tariffs may bring worse-than-expected price hikes to consumer electronics
As CES winds down in Las Vegas, one cloud hanging over the desert not often mentioned in all the coverage of newly unveiled gadgets was a prediction by the show’s host of how much prices for ...MarketWatch - Jan. 11 -
Stock market plunges after better-than-expected December jobs report
The Labor Department reported Friday that 265,000 jobs were added to the U.S. economy in December, which was roughly 100,000 more than expected. The unemployment rate also fell to 4.1%. CBS News ...CBS News - Jan. 10 -
Nordstrom raises sales outlook after holiday season was better than feared
CEO Erik Nordstrom credited the company's "efforts to remain competitive in the promotional environment and the strength of our offering."CNBC - Jan. 11 -
Holiday Decorations in January? A Tennessee Woman Is Going to Court for Them.
A Tennessee woman’s plan to update her supersize skeletons for various holidays ran afoul of local law, but she has no plans to take them down.The New York Times - Jan. 11 -
The TikTok Ban Is More Likely Than Ever
While Supreme Court justices pressed both sides in Friday’s oral arguments, experts say it’s hard to see how TikTok gets enough votes to survive.Wired - Jan. 10 -
10-year Treasury yield spikes to highest level since late 2023 after hotter-than-expected jobs report
U.S. Treasury yields jumped after December's jobs report was stronger than expected.CNBC - Jan. 10 -
This is how much hotter 2024 was than 2023
Copernicus says the global temperature for all of 2024 was 1.6 degrees above pre-industrial level.ABC News - Jan. 10 -
U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%
Nonfarm payrolls were expected to increase by 155,000 in December, according to the Dow Jones consensus forecast.CNBC - Jan. 10 -
December jobs report exceeds expectations
The labor market came in much hotter than expected in the final jobs report of President Biden's administration. CBS News MoneyWatch correspondent Kelly O'Grady has more.CBS News - Jan. 10 -
Consumer expectations for higher inflation soar in early January
Americans’ expectations for overall inflation over the next year jumped to 3.3% in January from 2.8% in the prior month, according to the University of Michigan’s gauge of consumer sentiment.MarketWatch - Jan. 10 -
December jobs report expected to show hiring slowdown
The December jobs report is set to be released later Friday morning and it's expected to show slowing growth. According to a survey of forecasters by the data firm FactSet, U.S. employers are ...CBS News - Jan. 10 -
Americans Are Tipping Less Than They Have in Years
Frustration with rising menu prices and ubiquitous tip prompts lead to a six-year low.The Wall Street Journal - Jan. 9 -
Key moments to expect at Jimmy Carter's state funeral
Norah O'Donnell previews the special coverage of former President Jimmy Carter's state funeral, highlighting what to expect as the nation bids farewell to the 39th president at the Washington ...CBS News - Jan. 9 -
After leaving the U.S., Richard Gere dives into holiday season in Spain with family
The Hollywood legend has wasted no time in enjoying his new life in Spain, taking full advantage of the holiday season to explore the surrounding areas of his Madrid abode.MarketWatch - Jan. 9 -
Costco’s holiday-season sales jump was not just about food, analyst says
Costco Wholesale Corp. on Wednesday reported a 9.9% year-over-year sales gain through the final stretch of the holiday-shopping season, marked by a big jump in online sales.MarketWatch - Jan. 8 -
Private sector companies added 122,000 jobs in December, less than expected, ADP says
Job creation eased more than expected in December while wages grew at the slowest pace in nearly 3½ years.CNBC - Jan. 8
