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NEW YORK (AP) — American shoppers are expected to spend more during this holiday shopping season than last year, according to the 2025 forecast from the National Retail Federation. The forecast estimates that shoppers will collectively spend between $1.01 trillion and $1.02 trillion in November and December, an increase of 3.7 percent to 4.2 percent [...]
Eleven states and Kentucky’s governor are suing the Trump administration over what they call “unlawful terms” placed on federal funding critical to supporting local disaster and terrorism preparedness. The predominantly Democratic-led states, which include Michigan, Oregon and Arizona, along with Kentucky Gov. Andy Beshear sued the Department of Homeland Security and Federal Emergency Management Agency [...]
WASHINGTON (AP) — The Trump administration and private investors are partnering with two rare-earth startups in a $1.4 billion deal to scale up the nation’s access to materials and technology that analysts say is crucial for producing an array of high-tech goods and military equipment. The investment in Vulcan Elements and ReElement Technologies is the [...]
ALBUQUERQUE, N.M. (AP) — The Trump administration says it will be initiating formal meetings with Native American tribes in the Southwest as it considers revoking a 20-year ban on oil and gas development across of hundreds of square miles of federal land surrounding Chaco Culture National Historical Park. The Bureau of Land Management made the [...]
Kimberly-Clark is buying Tylenol maker Kenvue in a cash and stock deal worth about $48.7 billion, creating a massive consumer-health goods company. Shareholders of Kimberly-Clark will own about 54 percent of the combined company. Kenvue shareholders will own about 46 percent in what is one of the largest corporate takeovers this year. The combined company [...]
LOS ANGELES (AP) — The number of homes that typically change hands as people relocate for work, retire or trade-up for more living space hasn’t been this low in nearly 30 years. About 28 out of every 1,000 homes changed hands between January and September, the lowest home turnover rate going back to at least [...]
NEW YORK (AP) — The country is running out of pennies. President Donald Trump’s decision to stop producing the penny earlier this year is starting to have implications for the nation’s commerce. Merchants in multiple regions of the country have run out of pennies and are unable to produce exact change. Banks, meanwhile, are unable [...]
WASHINGTON (AP) — Consumer confidence dropped slightly in October, according to a new federal government report. The Conference Board said that its latest consumer confidence index fell by 1 point to 94.6 in October from an upwardly revised September reading of 95.6. Economists were expecting the reading to come in unchanged from the previous month. [...]
Amazon has announced that it will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence while cutting costs elsewhere. In June CEO Andy Jassy, who has sought to cut costs since becoming CEO in 2021, said that he anticipated generative AI would reduce Amazon’s corporate workforce in the [...]
WASHINGTON (AP) — The first caller on a telephone town hall with Maryland Rep. Andy Harris, leader of the House’s Freedom Caucus, came ready with a question about the Affordable Care Act. Her cousin’s disabled son is at risk of losing the insurance he gained under that law, the caller said. “Now she’s looking at [...]