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Traders bet big on Fed rate cut as December odds soar above 80% on prediction markets20:11 Prediction markets Kalshi and Polymarket show a more than 80% probability of a 25-basis-point Federal Reserve interest rate cut at the central bank s Dec. 9-10 policy meeting. Recent college grads are losing their edge in the job market, study shows19:39 The unemployment gap between college and high school graduates has reached its lowest level in decades, according to a new report from the Cleveland Fed. Trump’s record tariff haul meets Supreme Court review as White House braces for ruling18:34 Tariff revenues hit record $34.2 billion in October as Supreme Court weighs Trump s trade authority. Stakes rise for economic agenda amid challenge. Major retailers and restaurants closing for Thanksgiving: Here’s where you can still shop or eat18:02 Major U.S. retailers and restaurants announced varied Thanksgiving Day hours, with some stores closing completely while others will operate with modified schedules. Bessent wraps up Fed chair interviews as Trump’s decision expected before Christmas17:30 Treasury Secretary Scott Bessent completes Fed chair interviews, narrowing candidates to shortlist for Trump s review. Decision expected by Christmas. Vanguard fund strips out China in emerging markets investment play16:26 Vanguard launches an exchange-traded fund to help investors access emerging markets like Brazil, India and Taiwan while avoiding China s risk and volatility. Trump admin negotiating Taiwan trade deal that would give US semiconductor boost: report15:22 President Donald Trump s administration is negotiating a Taiwan trade deal involving semiconductor investments and reduced tariffs amid regional tensions. Tariffs have surprising effect on unemployment and inflation patterns, Fed analysis reveals14:17 The San Francisco Federal Reserve warns that current tariffs are "unprecedented in magnitude" compared to 40 years of trade data, making economic predictions uncertain. HP to slash up to 6,000 jobs by 2028 in massive AI transformation push4:07 HP announced plans to cut 4,000 to 6,000 jobs by 2028 as part of an AI transformation push. Layoffs could affect up to 10% of the workforce at the PC and printer maker. Consumer confidence falls sharply as Americans worry about the economy22:48 Consumer confidence plunged in November to lowest level since April as Americans cite inflation, tariffs, and uncertainty as weighing on sentiment, according to The Conference Board. Builders cut prices and offer new home incentives as affordability gap shrinks21:44 The housing affordability gap narrows as new home prices become competitive with existing properties, especially in South and West where inventory increased, a new report found. Over 41,000 bottles of Walgreens nasal spray recalled over contamination risk21:44 The FDA recalled 41,328 bottles of Walgreens nasal spray due to possible contamination. Check your bottle for specific lots that expire in 2027. Dick's Sporting Goods plans to close some Foot Locker stores25.listopadu Dick s Sporting Goods plans to close underperforming Foot Locker stores following its $2.4 billion acquisition to boost profitability and growth. Richard Branson confirms death of wife Joan: 'My best friend, my rock'25.listopadu Richard Branson announces his wife Joan has died at 80 after 50 years of marriage. The Virgin founder called her his best friend and guiding light. Cracker Barrel CEO says she felt like got 'fired by America' after redesign backlash25.listopadu Cracker Barrel CEO Julie Masino reflected on being "fired by America" after massive customer backlash over the restaurant s remodeling earlier this year. |
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