2024 and 2023 saw a higher percentage, at 36% each year Inflation was on the rise in January 73% of Americans are saving less due to rising prices A new survey from Bankrate revealed that 33 percent of U.S. adults have more credit card debt than emergency savings....

January value of receipts fell 0.9% after solid holiday season Cars, sporting goods and furniture stores led monthly decline US retail sales slumped in January by the most in nearly two years, indicating an abrupt pullback by consumers after a spending spree in the...

Agencies were directed to lay off their probationary employees Department of Energy among agencies expected to reduce staff Thousands of probationary employees in multiple government agencies are facing dismissal as the Trump administration continued its effort to...

Germany’s economy will probably shrink for a third year in 2025, according to the German Chamber of Commerce and Industry. A survey of about 23,000 companies across all sectors and regions of the country showed that “significantly more firms continue to expect worse...

The “Magnificent 7” stocks are likely to continue falling out of favor as investors turn to cyclical stocks that benefit from economic growth. The effects of last year’s Fed rate cuts appear to be boosting sectors like U.S. manufacturing and financial services,...

The stock hasn’t recovered from DeepSeek-driven slump Key customers have earmarked $300 billion in capex spending Nvidia Corp. investors have typically rushed to buy the stock on any dips. But the mood since the DeepSeek-driven rout has been different, signaling that...

Customer mistakenly deposited Solana year after FTX bankruptcy 31-year-old FTX user is asking bankruptcy judge to be repaid FTX customers who deposited digital assets before the cryptocurrency exchange imploded in 2022 have waited years to get their money back. That...

January NFIB index fell 2.3 points, dragged by spending plans Uncertainty index jumps by most in monthly data to 1986 US small-business optimism declined in January from a more than six-year high and a gauge of uncertainty climbed as companies weighed Trump...

The Magnificent Seven has turned into the Stupendous One as AI spending fears weigh on sentiment. The usually reliably hot Magnificent Seven trade of Meta (META), Amazon (AMZN), Google (GOOG), Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), and Tesla (TSLA) has...

McDonald’s Corp. said low-income consumers in the US are still under pressure, highlighting the struggles of a key customer group for the burger chain. Across the industry, purchases from low-income guests were down substantially in the fourth quarter, Chief Executive...

OpenAI is pushing ahead on its plan to reduce its reliance on Nvidia (NVDA) for its chip supply by developing its first generation of in-house artificial-intelligence silicon.The ChatGPT maker is finalizing the design for its first in-house chip in the next few months...

Nvidia (NVDA) investors are navigating through an un-Nvidia-like start to the year. Shares of the AI chip darling are off by 1% this year, lagging all three major US indexes, which have notched gains. The stock has underperformed the S&P 500 (^GSPC) by over 5% in...

Greenback has climbed nearly 7% from its September low Strong dollar reduces export demand, value of overseas profits The surge in the dollar is darkening the earnings outlook for US multinational companies from Amazon.com Inc. to Apple Inc., leaving investors to...

Consumer sentiment drops to seven-month low, inflation expectations rise Sentiment drop spans age, wealth, and political groups, Trump plans new tariffs, impacting inflation and sentiment U.S. consumer sentiment dropped unexpectedly in February to a seven-month low...