The Dow is lower because of a rough outlook from the business-software giant, but the broader market is hanging tough.
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The drug-store chain lowered prices on more than 1,500 items including vitamins, chips, lotion, and Squishmallow plushies.
Investors are getting activated after a long weekend, but they were still able to push the tech-heavy index to a new peak.
If 3 million people pass through security checkpoints Friday, it’d mark the busiest travel day ever recorded.
But the new don’t require platforms to report how they interact with credit bureaus, keeping many transactions in a black box.
The average age of cars and light trucks reached a record high of 12.6 years in 2024, up by roughly two months from last year.
The percentage of US employees who think their financial well-being is good or excellent rose to 47%, up from 42% a year ago.
Christopher Waller said that the high interest rates may finally have the fight against inflation back on track.
The retailer will cut prices on up to 5,000 grocery items to keep pace with lower-cost rivals like Walmart.
The CPI rose just 0.3% from the previous month. Perhaps most importantly, the annual core rate fell from a year earlier.
European productivity has increased only about 20% since 2000, about one-third the rate of the US.
A New York Fed survey found renters saying their probability of ever owning a home fell to 40.1%, a new low.
The central bank held the funds rate at 5.25% to 5.5%, citing a “lack of further progress toward the Committee’s 2% inflation objective.”
Spending by older affluent Americans is helping grow the economy. But it’s also contributing to a delay in the Federal Reserve cutting rates.
The company says a turnaround will take time as the market for luxury goods cools and China muddles through economic doldrums.
The US economy will grow twice as fast as any of its major Western peers this year.