The market sees the probability of another 25 basis point interest rate cut at next week's Federal Reserve meeting as rising despite inflation ticking higher in November.
Macy's said its accelerating the number of stores it plans to close this year as it works to turn around the struggling business. It is aiming to close 150 stores in three years.
There is a growing shortage of auto mechanics in the industry as workers age out. Certain issues like stigma and finding replacement workers are some challenges.
Macy's CEO Tony Spring provided a fresh update on the rogue employee who hid $151 million in delivery expenses since 2021 and disclosed the individual is no longer with the company.
The Labor Department released new inflation data for November, which showed that prices were up 2.7% from a year ago as the Federal Reserve weighs another interest rate cut.
Realtor.com's 2025 housing forecast predicts which major metro areas will have the hottest housing markets based on a combination of projected home prices and sales.
A federal judge issued a ruling that blocks the proposed $25 billion merger between Albertsons and Kroger, which critics argued would reduce competition in the grocery industry.
Microsoft shareholders rejected a proposal that would've tasked the company's board of directors with considering investments in bitcoin as a means of diversifying its portfolio.
Macy's faces calls from a pair of activist investors to make a slew of changes at the department store chain. The activist investors are Barington Capital Group and Thor Equities.
President-elect Trump made a pledge Tuesday to any business or individual that invests $1 billion or more in the U.S., telling followers on Truth Social, "GET READY TO ROCK!!!"