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Holiday shopping is in high gear, with the National Retail Federation predicting a record 159 million shoppers on what it calls "Super Saturday," with nearly a third buying gifts in stores. However, consumer sentiment is down as many Americans are concerned about their economic future. Nicole Valdes…
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Getting ahead financially is mainly about what you earn at work, not what you make from investments. Researchers found that promotions, skills, and better jobs drive most upward income movement. But when people slip backward, falling investment income is usually the main reason. Labor builds income …
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From Clinton-era optimism to the dot-com crash, the housing bust, a manufacturing decline that fueled MAGA, and the once-in-a-century shock of Covid, the first 25 years of the century reshaped both the economy and the public mood. Michael McKee, Jason Furman, Torsten Slok, and Stephanie Flanders exp…
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China’s largest polysilicon producers have launched initial steps toward consolidation to curb overcapacity, but OPIS analyst Summer Zhang tells pv magazine that unresolved funding, capacity cuts and governance issues mean prices are likely to see only modest support in the near term without sustain…
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Watchdog says banks will be able to respond to changing consumer demands, inflation and new technologyThe limit on contactless spending with a credit or debit card will be scrapped in March 2026, and banks will be allowed to set their own restrictions.The City watchdog, the Financial Conduct Authori…
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RESTON, Va. — The U.S. Geological Survey released its assessment of potential for undiscovered gas and oil in the Haynesville Formation underlying the onshore Gulf of America and adjoining state waters, assessing that there are technically recoverable resources of 47.9 trillion cubic feet of gas and…
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Experts forecast spending will be more than 12% up on same period in 2024 after lucklustre figures so farRetailers are hoping for a last-minute dash for the shops this weekend after a lacklustre run-up to Christmas, with UK households forecast to spend £3.4bn, up more than 12% on the same weekend in…