Saks Off 5th closing stores across multiple states
Saks Off 5th will close nine stores across the U.S. starting in January 2026, affecting locations in Texas, Illinois, New Jersey and more states.
Shutdown delays October inflation report – what does the Fed's data say?
The government shutdown delayed the October CPI inflation report indefinitely, as alternate gauges like the Cleveland Fed's inflation nowcast estimated 2.96% annual inflation.
Google launches dual legal and legislative strategy to combat international cyber scams
Google launched a dual attack on cybercriminals with a lawsuit against the China-based "Lighthouse" scam group while backing three bipartisan congressional bills targeting fraud.
Consumer sentiment slides to near-lowest level on record as government shutdown drags on
Consumer confidence slumps to a three-year low as government shutdown fears grip American households, with sentiment dropping to 50.3 amid economic uncertainty.
US household debt hits a new record, NY Fed finds
American household debt reached a record $18.59 trillion in the third quarter of 2025, rising $197 billion, according to the Federal Reserve Bank of New York's latest report.
Supreme Court weighs Trump administration's tariff authority under emergency powers law
The Supreme Court will hear a major tariff case that could impact the $88 billion in revenue collected by the Trump administration under IEEPA, which could be subject to refunds.
Fed president explains vote against interest rate cut
The Federal Reserve cut interest rates by 25-basis-points in October, though two policymakers dissented from the move, with one saying that he remains concerned about inflation.
Walmart addresses social media rumors that it will close stores when SNAP benefits lapse
Walmart denies viral TikTok claims about store closures amid government shutdown and SNAP benefits funding concerns, calling the widespread rumors false.
Candy bars recalled days before Halloween over 'life-threatening' allergen risk
Peanut Butter Crush and Ca$hew Cow bars are being recalled by Zingerman’s Candy Manufactory after the potential presence of undeclared peanuts and cashews.
Costco issues recall alert for wagon over child safety risk
Olympia Tools Pack-N-Stroll Folding Utility Wagon sold at Costco recalled due to child safety risks, including head entrapment and fall hazards.
Neutrogena makeup wipes recalled across four states after bacteria found in product testing
Neutrogena is recalling some popular makeup wipes due to possible bacterial contamination that can cause serious infections in vulnerable individuals.
Trump admin moving to roll back Biden-era CFPB registry rules
The Trump administration is moving to roll back Biden-era Consumer Financial Protection Bureau rules requiring nonbank entities to report regulatory orders to a CFPB registry.
Inflation remained well above the Fed's target in September ahead of rate cut decision
Inflation remained elevated in September as the BLS released the delayed consumer price index inflation report, as Fed policymakers are set to weigh interest rate cuts next week.
State treasurers push CFPB on third-party financial data access rule
Twelve state financial officers urged the Consumer Financial Protection Bureau to preserve consumers' rights to share financial data with third parties.
US businesses and consumers shoulder the bulk of tariff cost burden, Goldman Sachs finds
Economists at Goldman Sachs estimated that U.S. consumers will absorb 55% of tariff costs by the end of 2025, up from their current 37% share of the tariff burden.
Ben's Original rice products recalled nationwide over potential injury risk
The Food and Drug Administration reports Ben's Original has voluntarily recalled several rice varieties sold nationwide over the possible presence of small stones
The birth of the Birkin: How a chance encounter created fashion’s ultimate icon
Jane Birkin sketched her ideal bag design on an air sickness bag in 1984, creating what would become the Hermès Birkin, now a record-breaking investment piece.
That latte or cappuccino could get more expensive as coffee prices continue to rise
American coffee costs hit near-record levels as tariffs and weather disruptions in major coffee-producing countries drive the highest price increases since 2011.
Fed's favored inflation gauge shows consumer prices remained elevated in August
The Commerce Department released the August PCE inflation data which showed that inflationary pressures remained well above the Fed's 2% target last month as tariffs push prices up.
US economy grew faster than expected in the second quarter
The U.S. economy's GDP grew at a 3.8% rate in the second quarter following the latest revision after the economy recorded a 0.5% contraction in the first quarter.