Economy

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What's next for U.S. retailers after the Thanksgiving shopping weekend

By Anne D'Innocenzio, Associated Press

The nation’s shoppers may feel gloomy about the economy, but they certainly were in the mood to shop over the five-day Thanksgiving weekend that wrapped up on Cyber Monday.

Starbucks to pay $35M to NYC workers in settlement as ongoing strike draws Mamdani and Sanders to picket line

By Jennifer Peltz, Associated Press

Starbucks will pay about $35 million to more than 15,000 New York City workers to settle claims it denied them stable schedules and arbitrarily cut their hours, city officials announced Monday.

Minimalist Prada buys maximalist Milan rival Versace for $1.4 billion

By Colleen Barry, Associated Press

The highly anticipated deal is expected to relaunch Versace’s fortunes, after middling post-pandemic performance as part of the U.S. luxury group Capri Holdings.

WATCH: Trump says the word 'affordability' is a 'con job' by the Democrats

By Steff Staples

President Trump suggested that the rising cost of living in the United States is a "fake narrative" that is being pushed by Democrats.

Global economy projected to grow 3.2% this year, more than expected despite U.S. trade war

By Paul Wiseman, Associated Press

The OECD also raised its forecast for U.S. growth this year – to 2%, up from the 1.6% it had forecast in June.

WATCH: Dell family pledges more than $6 billion for U.S. children to build on 'Trump accounts'

By Thalia Beaty, Associated Press

Billionaires Michael and Susan Dell pledged $6.25 billion Tuesday to provide 25 million American children 10 and under an incentive to claim the new investment accounts for children created as part of President Donald Trump’s tax and spending legislation.

Bitcoin dips below $85,000 briefly in crypto rout

By Associated Press

Companies that enable investors to buy and sell cryptocurrencies, as well as the growing number of companies who have made investing in bitcoin their main business focus, were hammered in Monday's sell-off.

The economy is giving mixed signals. Here's what experts say they mean

By Hannah Grabenstein

If you’re confused about the economy right now, you’re in good company.

Consumers urged to do research before giving in to Travel Tuesday deals

By Cora Lewis, Associated Press

On the same day as the nonprofit world’s Giving Tuesday, airlines, hotels, cruise ship companies, travel booking platforms and tour operators get in on the annual spirit to spend by promoting one-day deals.

Despite economic uncertainty, Cyber Monday could break spending records

By Wyatte Grantham-Philips, Associated Press

Deals promoted as some of the best of the holiday season are expected to keep people across the United States glued to their computers and smartphones on Cyber Monday.