Apple Results Beat Estimates On Revenue From iPhone And Services
Sales of the Mac fell more than 30% and missed analysts' estimates.
Holiday Spending To Reach Record, But With Slower Growth, Retail Group Says
NRF says in its survey that consumers will be looking for deals and discounts.
Hyatt, Marriott Increase Profit With Booming Travel Demand
Both hotel chains increased the number of rooms available to book and described demand as "robust."
Jobless Claims Rise For Second Consecutive Week
The increase may indicate that the labor market in the U.S. is softening.
Starbucks Results Beat Expectations As Consumers Paid More For Coffee Drinks
The company opened more than 800 stores in the last quarter, increasing traffic and sales.
Airbnb Post Best-Ever Profit For Third Quarter, Sees `Volatility'
The company said the economy and geopolitics may impact travel in the fourth quarter.
Fed Keeps Rates Unchanged, Warns That Inflation 'Remains Elevated'
The key U.S. rate stays at the highest level in more than 20 years.
Tech Layoffs: Splunk To Cut More Than 500 Jobs Before Acquisition By Cisco
Splunk CEO announced the cuts in a letter to employees.
Job Growth In Private Sector Recovers In October But Misses Estimates
The ADP and JOLTs reports indicate a stable and still strong labor market in the U.S.
Estee Lauder Cuts Forecast On China Slowdown and Middle East Conflict
The owner of brands that include Clinique and Tom Ford posted lower sales and profit in the fiscal first quarter.
New York's Hochul Adds $75 Million To Fight Hate Crimes
The funds will go to law enforcement and nonprofit organizations, including synagogues and mosques at risk.
California Has 61 Of 100 Most Expensive Areas In US
A new study showed that the priciest zip codes are concentrated in 12 states.
Consumer Confidence Falls On Worries About Inflation, Middle East Turmoil
Consumers are more pessimistic about business conditions and expect a recession next year.
JetBlue Blames Weather And Fuel Prices For Loss In Third Quarter
The airline cut its forecast for sales and earnings per share in 2023.
Biden Signs Executive Order To Regulate Use Of AI
The U.S. government aims to reduce risks; a tech industry group is concerned about slowing innovation.
It Takes More Than 13 Years To Make A Profit On A Home Purchase, Zillow Says
Higher mortgage rates and home prices are having an impact on how long homebuyers can recover their investment.
Autoworkers Strike Set To End After Tentative Agreement GM
The strike, which started on Sept. 15, involved more than 45,000 autoworkers at its peak.
McDonald's Increases Profits And Sales After Raising Meal Prices
McDonald's third-quarter results beat analysts' expectations.
In Focus This Week: Fed Decision, Jobs Report, Apple Products And Earnings
The U.S. central bank is expected to keep interest rates unchanged; Apple has a product launch event Monday.
JPMorgan's Jamie Dimon To Offload $140 Million Worth Of Company Shares
It's the first time the CEO of JPMorgan is selling his stake in the bank.
Fed's Preferred Inflation Measure Slows For Second Month
Personal spending accelerated in September while income slowed.
Price Increases Boost Colgate-Palmolive Profit And Sales
The company also raised its forecasts for results in 2023.
Amazon Profit And Sales Beat Estimates
The company's cloud business maintained the pace of expansion.
Billionaire Politicians Will Be More Common, New Study Says
Northwester University professors analyzed the participation of billionaires in politics globally.
September Sees Unanticipated Uptick In Pending Home Sales, Defying Expectations
The National Association of Realtors said high mortgage rates are keeping sales at historically low levels.
Jobless Claims Rise From Lowest Level Since January
The data still don't show major impacts of the strike at automakers.
US Economy Grows More Than Expected in Third Quarter
GDP expansion was the strongest in almost two years as consumers increased spending.
ECB Pauses Rate Increases As Inflation Slows
The key interest rate of the Eurozone remains at the highest level since the common currency was created.
Credit Card Charges Of Interest And Fees Jump To Record $130 Billion
Consumers are facing higher costs on their growing debt while credit card companies increase profits, CFPB said.
Airports Will Have To Tap Debt Markets To Pay For Expansion, Fitch Says
The rating agency said in a report that airports are moving ahead with their investment plans as passenger traffic recovers.
