Consumer spending in the United States remains resilient according to the Census Bureau data for October. The retail sales in October jumped higher than expected, while the September numbers saw significant revisions.
In October, the retail sales rose by 0.4% compared to 0.3% expected by...
U.S. stocks dipped on Friday, with all three major indexes—S&P 500, Dow Jones Industrial Average, and Nasdaq Composite—ending the week with losses. The drop was likely influenced by Federal Reserve Chairman Jerome Powell’s comments that policymakers are not in a hurry to cut interest...
Media and entertainment giant Disney reported its quarterly earnings on Thursday that came above the Wall Street estimates thanks to strong streaming results. The company’s stock rose more than 6% immediately after the results were announced.
Disney’s revenue in the fourth quarter of fiscal 2024...
E-commerce giant Amazon launched a new online storefront called Amazon Haul, focusing on low-cost products. The new offering is expected to compete with low-cost e-commerce platforms like Temu and Shein.
At Amazon Haul, users can find an array of different products ranging from household items...
The Federal Reserve kept its monetary policy on an expected path by delivering another interest rate cut following the conclusion of this week’s two-day meeting. The Fed announced its Federal Open Market Committee (FOMC) has unanimously agreed to slash the borrowing rate by 25...
Drivers who work for Uber, Lyft, and other ride-sharing services have received the right to unionize in Massachusetts through a ballot measure. The initiative received 53.9% positive votes.
Uber and Lyft don’t consider their drivers to be employees but rather independent contractors. With this approach,...
