Breaking News: Economy
Bessent believes there won’t be a recession in 2026 but says some sectors are challenged
Scott Bessent, US treasury secretary, arrives to speak during a site expansion groundbreaking ceremony at the Boeing South Carolina (BSC) manufacturing facility in North Charleston, South Carolina, US, on Friday, Nov. 7, 2025. Sean Rayford | Bloomberg | Getty Images Treasury Secretary Scott Bessent said on Sunday the U.S. was not at risk of entering […]
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Americans are holding onto devices longer than ever and it’s costing economy
If you are holding onto your aging printer or cracked smartphone longer than you had planned, you are not alone. Heather Mitchell, 69, retired and living in Tucson, Arizona, is content with her phone even though it is old by smartphone standards. “My Samsung Galaxy A71 is six-years-old. It’s hanging in there surprisingly well for […]
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‘Stakes are high.’ With shutdown over, airlines predict record numbers of travelers this Thanksgiving
A travelers check flight information at LAX as the shutdown passes the one-month mark, leaving essential workers unpaid in Los Angeles, California, on November 5, 2025. Grace Hie Yoon | Anadolu | Getty Images U.S. airlines are predicting another record Thanksgiving holiday travel period and are upbeat now that the travel-snarling government shutdown has ended. […]
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One Fed official may have saved market from another rout. Why John Williams’ remarks matter so much
Key Points Messages that come out of the top echelon at the Fed are measured carefully, calibrated between delivering clear ideas about policy without causing undue reaction in financial markets. That’s why a speech Friday from the current New York Fed leader, John Williams, mattered so much to markets. Ongoing concerns about AI tempered a […]
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The senior population is booming. Caregiving is struggling to keep up
Maskot | Maskot | Getty Images In November 2022, Beth Pinsker’s 76-year-old mother began to get sick. Ann Pinsker, an otherwise healthy woman, had elected to have a spinal surgery to preserve her ability to walk after having back issues. What Ann and Beth had thought would be a straightforward recovery process instead yielded complications […]
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Stocks making the biggest moves after hours: Intuit, Gap, Ross Stores and more
Check out the companies making headlines in after-hours trading. Intuit — Intuit shares jumped more than 3% on the back of strong first-quarter results. The software company earned $3.34 per share, on an adjusted basis, while analysts polled by FactSet expected $3.09 per share. Revenue came out at $3.89 billion for the period, exceeding the […]
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‘This is a structural goods recession’: U.S. freight market is starting to roll over as Chinese trade plummets
The impact of President Donald Trump’s tariffs continues to rip through the logistics and transportation sectors, with major ports experiencing a steep drop in imports after records were set earlier this year, and volumes throughout the supply chain rolling over. For the first time in 2025, rates for van, flatbed, and refrigerated loads in October […]
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Delayed September report shows U.S. economy added 119,000 jobs, more than expected; unemployment rate at 4.4%
A ‘Now Hiring’ sign sits outside the entrance to a Burlington department store on Nov. 19, 2025 in Miami, Florida. Joe Raedle | Getty Images The U.S. economy added substantially more jobs than expected in September, according to a long-awaited report Thursday from the Bureau of Labor Statistics. Nonfarm payrolls increased by 119,000 in the […]
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China leaves benchmark lending rates unchanged for the sixth straight month
China left benchmark lending rates unchanged on Thursday for the sixth consecutive month in November, matching market expectations. Why it’s important The steady loan prime rate (LPR) fixings underscore the central bank’s reduced urgency to deliver additional monetary easing in the wake of a trade truce between Beijing and Washington, even as October economic data pointed […]
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Stocks making the biggest moves after hours: Nvidia, Palo Alto Networks, Oddity Tech, AMD and more
Check out the companies making headlines in after-hours trading. Nvidia — Shares of the chipmaker rose more than 6% in extended trading on the back of better-than-expected third-quarter results . Nvidia earned $1.30 cents per share, excluding items, on $57.01 billion in revenue. Analysts polled by LSEG had expected $1.25 cents per share in earnings […]
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