Fed Minutes Show Agreement To Proceed 'Carefully' On Interest Rates
The minutes say rates could rise more if progress on fighting inflation isn't sufficient.
Home Sales Fall To Lowest Level In More Than 13 Years
The drop was worse than economists expected as homebuyers are discouraged to make purchases.
Landlords Are Offering More Concessions To Attract Tenants, Zillow Says
Concessions are more common in areas where construction of multi-family homes are booming.
Best Buy, Lowe's Cut Forecasts As Consumers Become More Cautious
Quarterly sales were below analyst's estimates for both companies
Dates Of US 2024 Presidential Debates Set By Commission
The first debate will occur less than two months before election day.
Citigroup Starts Layoffs In Broad Reorganization Plan
Employees are being communicated of job cuts and organizational changes.
OpenAI Employees Threaten To Resign If Sam Altman Isn't Reinstated As CEO
The employees are also demanding the resignation of the entire board of OpenAI.
Citigroup To Announce Layoffs Mondays, Thousands May Be Affected: Report
The job cuts were part of the bank's biggest reorganization plan in decades, Reuters reported.
This Week In Focus: Argentina Election, Fed Minutes, Black Friday, Earnings
The week will also bring housing and labor data; retailers Nordstrom, Lowe's and Best Buy release quarterly results.
Former First Lady Rosalynn Carter Enters Hospice Care
The news comes nine months after her husband Jimmy Carter also entered hospice care.
White House Condemns Elon Musk's 'Promotion Of Antisemitic And Racist Hate'
Backlash against the CEO of Tesla and owner of X is growing after his post seemingly endorsing Antisemitic views.
Resolution To Expel George Santos Is Filed By Ethics Committee Chair
The filing comes after a report pointed to evidence that Santos broke federal law.
Construction Of New Homes In The US Rises For Second Month
Homebuilders are adjusting their projects to keep attracting buyers amid high interest rates.
Amazon To Start Selling Cars; Hyundai Will Be First
The partnership with Hyundai includes the use of Amazon cloud services and adding Alexa to cars of the brand.
Nikki Haley Jumps In New Hampshire Poll, Trump Maintains Lead
Haley is in the second place, followed by Chris Christie, Ron DeSantis and Vivek Ramaswamy.
George Santos Says He Won't Seek Reelection After Ethics Report
The Ethics Committee said it will share additional evidence of Santos's unlawful conduct with the Justice Department.
'House Hacking' Grows Among Millennial And Gen Z Homebuyers
The study says that young buyers are facing more challenges to afford down payments and mortgages.
Jobless Claims Rise To Highest Level In Almost Three Months
The report showed that the number of people receiving unemployment benefits is now at the highest point in almost two years.
Walmart, Macy's Beat Estimates After Reducing Inventory
Shares of Walmart fell as the company's forecast indicates slower consumer spending at the end of the year.
Biden, Xi Meet In San Francisco To Reduce Tensions
Both leaders highlighted the need to avoid conflict between the two nations.
CSFB Fines Lender Enova $15 Million For Illegal Practices Against Consumers
The company was also accused of violating a previous order to stop illegal conduct.
Joe Manchin Says He Would Consider A Presidential Run
The Democrat Senator said in an interview with NBC that he wants to see if there's appetite for a moderate candidate.
New York Home Sales Jump In October Despite High Mortgage Rates
Asking prices in the city stayed at the highest level since 2017, according to a StreetEasy report.
Citigroup To Announce Job Cuts From Wednesday Through Next Week: Report
The layoffs are part of a plan to simplify the corporate structure, CNBC reported.
Retail Sales Fall For First Time Since March But Still Beat Expectations
Sales at gas stations and furniture stores contracted, while consumers still increased purchases of food and electronics.
Target's Plan For Holidays: Lots Of Gifts Under $25 As Consumers Are Cautions
The company's third-quarter results beat its own forecasts and analysts' estimates.
Disney Has $40 Billion Economic Impact On Florida, Study Says
The study, commissioned by Disney, shows how the company contributes with jobs, taxes and businesses in the state.
House To Vote Tuesday On Plan To Avert Government Shutdown
The proposal championed by Speaker Mike Johnson needs support of two thirds of House representatives.
Inflation Slows More Than Expected After Sharp Gasoline Price Drop
Consumer prices were unchanged in October from September.
Home Depot Sees More Cautious Consumer, Narrows Sales Forecast
The home improvement retailer reported quarterly sales and profit that topped analysts' expectations.
