Economy
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Report finds Americans are still paying off credit debt from last Christmas
Study was done by WalletHub.
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U.S. economy sets 2-year high for growth, exceeding analysts' expectations by more than 40%
Plunge in private business investment from second quarter nearly stopped in third quarter, down just 0.3%, Commerce Department says.
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Consumer prices increased in November at annualized rate of 2.7%, lower than expected
The rate was lower than the projected 3.1% by Wall Street.
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US economy exceeds expectations by adding 64,000 jobs in November, according to government report
Bureau of Labor Statistics says the unemployment rate increased to 4.6%, however.
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Ford takes $19.5 billion in charges amid shift away from electric vehicles
“Instead of plowing billions into the future knowing these large EVs will never make money, we are pivoting,” Ford CEO Jim Farley said.
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Divided Fed heads into a critical data week
Inflation has moved up modestly this year and remains elevated, according to the Fed’s own assessment.
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US trade deficit drops to lowest level since 2020 in win for Trump
Trump in 2016, defied Republican free-trade orthodoxy by supporting the imposition of tariffs, a position he has maintained throughout his political career.
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Federal Reserve cuts interest rates for third consecutive time
The reduced rate is the lowest it has been in nearly three years
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JPMorgan Chase CEO Jamie Dimon: 'We do debank,' but not 'for religious or political affiliations'
"I don't like debanking people," JPMorgan Chase CEO Jamie Dimon said
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Paramount launches hostile takeover bid for Warner Bros after Netflix deal struck
“The Paramount offer for the entirety of WBD provides shareholders $18 billion more in cash than the Netflix consideration,” the company said
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Everyday Economics: The case for a December rate cut
So far, inflation data is a far cry from the worst-case fears that tariffs would send prices sharply higher.
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Dollar General announces plans to open 450 more stores nationwide in 2026
The new projected openings also comes after Dollar General opened 575 stores in the United States in 2025. The company currently operates nearly 21,000 stores nationwide.
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Trump tariffs have mixed impact on Europe's economy, carmakers hit hard, luxury exporters just fine
Also struggling to adjust are European makers of electric vehicle batteries and components, industrial machinery and high-precision instruments.