Dec 30 Inside Red Lobster's comeback By Geoff Bennett Red Lobster CEO Damola Adamolekun first came to the U.S. as a child after growing up in Nigeria, Zimbabwe and the Netherlands. After stints in finance, he found himself leading restaurant chain P.F Chang’s and last year was appointed CEO… Continue reading
Dec 24 U.S. unemployment claims dropped again last week, remaining at a historically healthy level By Matt Ott, Associated Press U.S. applications for jobless claims for the week ending Dec. 20 fell by 10,000 to 214,000 from the previous week's 224,000, the Labor Department reported Wednesday. Continue reading
Dec 23 Watch 8:32 How 'Trump accounts' for children work, and who will benefit most By Paul Solman, Ryan Connelly Holmes You may have heard about new savings and investment accounts for children known as "Trump accounts." They got a big boost from a philanthropic donation that's among the largest ever delivered directly to Americans. The accounts are expected to open… Continue watching
Dec 23 Trump administration says it will begin garnishing wages of student loan borrowers in default By Annie Ma, Associated Press Millions of borrowers are considered in default, meaning they are 270 days past due on their payments. Continue reading
Dec 23 U.S. drivers are seeing lower gas prices this holiday season, according to AAA By Wyatte Grantham-Philips, Associated Press The national average for unleaded gasoline has stayed below the $3 mark since Dec. 2, falling to its lowest level of about $2.85 a gallon on Monday. Continue reading
Dec 23 The U.S. stock market had a rocky start to the year, thanks to tariffs and Trump's fight with the Fed. But it's ending on a high note By Stan Choe, Associated Press Outside of stocks, bitcoin soared and then swooned and the "queasy" bond market got Trump's attention. Continue reading
Dec 23 Consumer confidence drops in December to lowest level since U.S. tariffs rolled out in April By Matt Ott, Associated Press Write-in responses to the survey showed that prices and inflation remained consumers' biggest concern, along with tariffs. Continue reading
Dec 23 U.S. economy expands at a surprisingly strong 4.3% annual rate last quarter, though inflation remains stubbornly high By Matt Ott, Associated Press Excluding volatile food and energy prices, so-called core inflation was 2.9%, up from 2.6% in the April-June quarter. Continue reading
Dec 22 Jim Beam to close one of its Kentucky distillery for a year as the whiskey industry navigates tariffs By Jeffrey Collins, Associated Press The company's larger distillery in Boston, Kentucky, will continue to operate, the company said. Continue reading
Dec 20 Watch 5:52 How online retailers are using AI to adjust prices by mining your personal data By Ali Rogin, Andrew Corkery If you’re going online to buy some last-minute gifts this holiday season, there’s a chance the price you pay will be influenced by what’s known as “surveillance pricing.” Some retailers are using artificial intelligence to set individualized prices online by… Continue watching