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Browsing: Business

Business

Amazon investigated by FAA after delivery drone strikes internet cable

The Federal Aviation Administration (FAA) is investigating an incident in which an Amazon delivery drone struck an overhead internet cable in Texas, t...

Business

Traders bet big on Fed rate cut as December odds soar above 80% on prediction markets

Prediction markets are heavily signaling a 25-basis-point interest rate cut in December, with probabilities hovering above 80% on both Kalshi and Poly...

Business

Recent college grads are losing their edge in the job market, study shows

College graduates may be losing their edge in the labor market, as the unemployment gap between them and workers with only high school degrees has nar...

Business

Trump’s record tariff haul meets Supreme Court review as White House braces for ruling

As tariff revenues surge, the White House is bracing for a Supreme Court ruling that could shape the future of President Donald Trump's trade agenda.T...

Business

Major retailers and restaurants closing for Thanksgiving: Here’s where you can still shop or eat

Many of the nation's largest retailers and restaurants will close their doors or operate with reduced hours on Thanksgiving Day, as Americans gather w...

Business

Bessent wraps up Fed chair interviews as Trump’s decision expected before Christmas

Treasury Secretary Scott Bessent has wrapped up interviews this week for the top spot at the Federal Reserve.Bessent, who has been interviewing candid...

Business

Trump admin negotiating Taiwan trade deal that would give US semiconductor boost: report

President Donald Trump's administration is negotiating a trade deal with Taiwan that could see the self-governed island renewing its investment of sem...

Business

Tariffs have surprising effect on unemployment and inflation patterns, Fed analysis reveals

A new analysis from the Federal Reserve Bank of San Francisco examined the impact of tariffs on the economy based on historical examples, finding that...

Business

HP to slash up to 6,000 jobs by 2028 in massive AI transformation push

HP announced Tuesday that it plans to cut between 4,000 and 6,000 employees by the end of 2028 as part of its push to adopt artificial intelligence.Th...

Business

Consumer confidence falls sharply as Americans worry about the economy

Consumer confidence fell more than expected in November and hit the lowest level since this spring, according to the latest data from The Conference B...

Business

Cracker Barrel CEO says she felt like she got 'fired by America' after redesign backlash

Cracker Barrel CEO Julie Masino described feeling as though she was "fired by America" in an interview last week following the backlash over the resta...

Business

Builders cut prices and offer new home incentives as affordability gap shrinks

The affordability gap between buying newly constructed homes and existing homes declined in the third quarter as builders look to capitalize on the up...