As of early December, US retail store closures were up 13.2% from the same period in 2024, according to a report from Coresight Research.
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Commerce Department data released this week showed US GDP rose 4.3% in the third quarter, with the American consumer to thank for it.
The latest reading of policymakers’ preferred inflation gauge is still coming in well above officials’ 2% target at 2.8%.
Ahead of the Federal Open Market Committee’s meeting Wednesday, the CME Group’s FedWatch tool has the odds of a quarter-point cut at 87%.
US shoppers are now paying an average price of $6.60 per pound of ground beef, according to the US Bureau of Labor Statistics.
The deal values Topgolf at $1.1 billion, roughly half of what Callaway paid for the entertainment brand in 2020.
Goldman Sachs CEO David Solomon and Morgan Stanley CEO Ted Pick warned of an equities drawdown on Tuesday at a summit in Hong Kong.
When layoffs rise, people spend less, which leads to tighter bottom lines and more layoffs. Wash, rinse, and repeat.
The S&P 500 has climbed 35% since its April low and roughly 90% since the beginning of its bull run in 2022.
Disclosures by two regional lenders last week set off a mini-panic about bad loans on the books of small and medium cap banks.
The gold standard hasn’t made a comeback, but the precious metal’s price is breaking records as confidence in the US dollar fades.
The report cautions tariffs are driving inflation higher and says companies are grappling with whether to pass the costs to consumers.
So far, 2025 has been one of the choppiest ever for the business of wood thanks to tariffs and a housing market slowdown.
Fitting for 2025, a government shutdown is all but guaranteed to deliver even more uncertainty into the macroeconomic mix.
In a speech in Rhode Island, Jerome Powell reminded Wall Street and the world that The Fed remains in a “challenging situation.”
The Federal Reserve’s decision may not have been a surprise, but ripple effects are already being felt across the industry.