News
Trump’s unlikely Fed choice could reshape top central bank
1+ hour, 41+ min ago (235+ words) Trump's unlikely Fed choice could reshape top central bank'altoonamirror.com Trump's unlikely Fed choice could reshape top central bank WASHINGTON " President Donald Trump's nomination of Kevin Warsh to chair the Federal Reserve could bring about sweeping changes at a central…...
Federal Reserve keeps interest rates unchanged
2+ day, 13+ hour ago (315+ words) WASHINGTON " The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year. Chair Jerome Powell said at a news conference after the central bank…...
US tariffs having uneven effect on holiday prices, purchases
1+ mon, 1+ week ago (232+ words) NEW YORK " The Ah Louis Store in San Luis Obispo, California, turns into a winter wonderland every holiday season. Green garlands, giant nutcrackers, baubles and bows go up in early November on the historic downtown building that houses the gift…...
Five financial to-dos before the end of the year
1+ mon, 3+ week ago (376+ words) As 2025 winds down, here are some moves to help you finish the year strong financially. Morningstar's director of personal finance and retirement planning, Christine Benz, discusses strategies. Benefits of rebalancing your portfolio Q: What are the benefits of portfolio rebalancing, and…...
US stocks rise for fifth straight day to close out volatile month
2+ mon, 2+ day ago (228+ words) Wall Street rose for a fifth straight day to put the wraps on a volatile month. The S&P 500 rose 0.5% in abbreviated trading Friday and closed out November with a slim gain of 0.1%. The Dow Jones Industrial Average rose 289 points,…...
Americans prepare to spend $1 trillion this holiday shopping season
2+ mon, 4+ day ago (538+ words) More than half of all Americans plan to buy things over the five-day holiday weekend, the beginning of a retail shopping season with consumers projected to spend more than $1 trillion. Some 186.9 million people plan to shop from Thanksgiving Day through…...
Consumer sentiment tumbles close to record low in new survey
2+ mon, 3+ week ago (473+ words) NEW YORK " Consumer sentiment dropped to a three-year low and close to the lowest point ever recorded by the University of Michigan one month into the government shutdown, with pessimism over personal finances and anticipated business conditions weighing on Americans....
Holiday shopping expected to top $1T
2+ mon, 3+ week ago (725+ words) NEW YORK " American shoppers are expected to spend more during this holiday shopping season than last year despite economic uncertainty and rising prices. The 2025 forecast from the National Retail Federation on Thursday estimates that shoppers will collectively spend between $1.01 trillion…...
Amazon reports higher sales in Q3
3+ mon, 21+ hour ago (274+ words) NEW YORK " Amazon posted higher fiscal third quarter profit and sales compared with a year ago, fueled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation…...
Federal Reserve cuts its key rate for second time
3+ mon, 1+ day ago (325+ words) WASHINGTON " The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring, even as inflation stays elevated. But Fed Chair Jerome Powell also cautioned that further…...