Restaurants, other services still in grip of high inflation
While prices for most goods have been falling throughout the year, inflation for food services and home and auto insurance remain stubbornly high.
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SBA-backed financing rose 7%, to $56B, in fiscal 2024
For the first time since 2008, the Small Business Administration distributed more than 100,000 financings to small businesses, up 22% from fiscal 2023 and 50% over 2020.
Canada orders TikTok’s Canadian business to be dissolved but won’t block app
TikTok faces intensifying scrutiny from Europe and America over security and data privacy. It comes as China and the West are locked in a wider tug of war over technology ranging from spy balloons to computer chips.
Trump victory ignites crypto frenzy that sends bitcoin to record high
Bitcoin jumped nearly 8% in early trading, climbing above $75,000 and smashing its previous record, set in March. Other cryptocurrencies also soared.
Trump wins White House in political comeback rooted in appeals to frustrated voters
With a victory in Wisconsin declared early Wednesday morning, Trump cleared the 270 electoral votes needed to clinch the presidency. He has vowed to pursue an agenda centered on dramatically reshaping the federal government.
Trump closes in on victory after winning Pennsylvania
Donald Trump won Pennsylvania early Wednesday, putting him just four electoral votes shy of defeating Kamala Harris to win the White House.
Republicans take U.S. Senate majority for first time in four years
Republicans seized control of the U.S. Senate late Tuesday after flipping Democratic held seats, holding onto GOP incumbents and wresting away the majority for the first time in four years.
Indiana picks Trump as winner over Harris in presidential race
Indiana has been favorable toward Donald Trump in his three races for the White House.
Boeing factory strike ends as workers vote to accept contract
According to the International Association of Machinists and Aerospace Workers, the 33,000 workers it represents can return to work as soon as Wednesday or as late as Nov. 12.
Control of Congress at stake as Election Day arrives
The key contests are playing out in unexpected corners of the country after what has been one of the most chaotic congressional sessions in modern times. In the end, just a handful of seats, or as little as one, could tip the balance in either chamber.
As holidays approach, stores banking on more sales of supersize TVs
Shipments of 98-inch TVs to the U.S. are picking up pace this year, and models as huge as 110-115 inches are on the market.
Many retailers offer ‘returnless refunds,’ but they don’t talk much about it
Returnless refunds are a tool that more retailers are using to keep online shoppers happy and to reduce shipping fees, processing time and other ballooning costs from returned products.
U.S. employers add just 12K jobs as hurricanes, strikes reduce payrolls
The employment report for October also revised down the government’s estimate of the job gains in August and September.
Apple sells $46B in iPhones in summer quarter, ending slump
Sales of iPhones rose 6% from the same time last year, ending two consecutive year-over-year declines in the iPhone’s quarterly sales.
Troubled carmaker Stellantis reports 27% plunge in 3Q revenue as it cleans up inventories
Shipments dropped by 20%, to 1.2 million vehicles, in third quarter. The company is in the process of 20 new product launches globally this year.
Google Maps adds AI features to help users explore, navigate the world
The shift announced Thursday will bring more of the revolutionary AI technology that Google already has been baking into its dominant search engine to the digital maps service that the internet company launched nearly 20 years ago.
Starbucks CEO sets four-minute service goal as he tries to reinvigorate sagging sales
Starbucks reported a disappointing end to its 2024 fiscal year, with revenue falling 3% in the July-September period as customer traffic slowed in the United States and China.
UPDATE: Lilly shares tumble on earnings report that falls short of Wall Street expectations
The Indianapolis-based drugmaker missed expectations on sales of two popular drugs, diabetes treatment Mounjaro and weight-loss treatment Zepbound, which it attributed to inventory decreases in the wholesaler channel.
USA Track and Field to bring US Paralympics track and field program under its roof in January
The merger gives Para track and field athletes the same sort of access to the support and development as U.S. track and field athletes.
U.S. economy grew at 2.8% pace in third quarter, Commerce Department says
Growth in business investment slowed sharply on a drop in investment in housing and in nonresidential buildings such as offices and warehouses. But spending on equipment surged.