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personal finance 12 hours ago

Fed Keeps Rates Unchanged. Here’s Exactly What That Means to You

The Federal Reserve’s decision Wednesday to keep interest rates steady put the cap on a tumultuous year for consumers. After raising the federal funds rate nine times in three years, with the last hike just one year ago as financial markets were melting down, concerns about a slowing economy and a looming U.S.-China trade war then caused the U.S. central

  • Dec 1

    Self-Driving Cars Were Supposed to Be Here Already — Here’s Why They Aren’t

    More companies are trying to bring self-driving cars to the masses than ever before. Yet a truly autonomous vehicle still doesn’t exist. And it’s not clear if, or when, our driverless future will arrive. Proponents in the industry, including Tesla CEO Elon Musk, Waymo CEO John Krafcik and Cruise CEO Dan Ammann, touted an aggressive timeline but missed and reset

  • Dec 1

    Mom-and-Pop Retailers Gear Up for Small Business Saturday, as Towns Try to Stoke Excitement

    Independent retailers are gearing up for Small Business Saturday, a day used to promote mom-and-pop retailers, and many towns are doing their best to support the effort. In 2018, an estimated 104 million consumers shopped at independent retailers and restaurants on the Saturday after Thanksgiving. They spent $17.8 billion, the most since the shopping event was created by American Express

  • Dec 1

    Michigan, Illinois Set to Usher in Recreational Pot Sales

    James Daly is eager to make marijuana history on Sunday, when he plans to open the doors to Arbors Wellness, beckon the lengthy line outside and legally start selling recreational pot for the first time in the Midwest. “We’ve worked very hard to be prepared,” said Daly, who owns the medical dispensary that, for now, is among just six shops

  • Nov 30

    Merry Clickmas: Black Friday Online Sales Hit Record $7.4B

    This year’s Black Friday was the biggest ever for online sales, as fewer people hit the stores and shoppers rang up $7.4 billion in transactions from their phones, computers and tablets. That’s just behind the $7.9 billion haul of last year’s Cyber Monday, which holds the one-day record for online sales, according to Adobe Analytics. Adobe measures sales at 80

  • Nov 30

    American Airlines Expands Travel Alerts, Adds Waivers

    American Airlines says Friday they’re expanding travel alerts and allowing passengers traveling to change flights for no additional fees due to winter storms in the northeast and Midwest.

  • Nov 29

    Amazon Workers in Germany Stage Strike on Black Friday

    Workers at Amazon distribution centers in Germany have gone on strike for better pay on Black Friday, one of the busiest days of the year for the online retailer. Union ver.di said Friday that the walkouts began overnight at six distribution centers across the country, with some due to last until Tuesday. Union representative Orhan Akman said Amazon staff want

  • Nov 29

    Black Friday Frenzy Goes Global and Not Everyone’s Happy

    People don’t celebrate Thanksgiving in France, or Russia, or South Africa – but they do shop on Black Friday. The U.S. sales phenomenon has spread to retailers across the world in recent years with such force that it’s prompting a backlash from some activists, politicians and even consumers. Workers at Amazon in Germany went on strike for better pay on

  • Nov 29

    Black Friday Kicks Off Scramble in a Shorter Shopping Season

    Black Friday shoppers fought for parking spots and traveled cross-state to their favorite malls, kicking off a shortened shopping season that intensified the mad scramble between Thanksgiving and Christmas. The shopping season is the shortest since 2013 because Thanksgiving fell on the last Thursday in November — the latest possible date it could be. That means customers will have less

  • Dec 1

    Your Christmas Tree Is Going to Be Pricey Again This Year

    Experts in Oregon, the nation’s No. 1 supplier of Christmas trees, say prices for a holiday evergreen will remain higher this year due to a tight supply.

  • Nov 28

    Wynn Resorts Settles With Pension Funds Over Sex Allegations

    Wynn Resorts agreed Wednesday to accept $41 million from former CEO and chairman Steve Wynn and insurance carriers as part of a settlement stemming from shareholder lawsuits accusing company directors of failing to disclose the casino mogul’s alleged pattern of sexual misconduct.

  • Nov 28

    Holiday Stress: Amazon, Others Under Gun for 1-Day Delivery

    This year, holiday stress may take on a whole new meaning for online retailers. Amazon, Walmart and others have promised to deliver more of their orders within 24 hours of customers clicking on “Buy.” The coming weeks will be the first test of whether they can make that happen during the busy holiday shopping season, when onslaughts of orders and

  • Nov 27

    It’s a Make-or-Break Holiday Season for These 6 Retailers

    For many, the holidays spark joy, and are a time to relax in the comfort of family and friends. If you’re in retail, however, it’s a bit of a different story — especially if your business is struggling.

  • Nov 27

    Why ‘The Mandalorian’ Episodes Are Short and Arrive on Disney+ Once a Week

    In an era in which binge-watching is the new norm, Disney+ is breaking the mold — at least with its new content. While episodes of old Disney shows can be watched one right after another, all of Disney’s new programming is being doled out in weekly installments, just like traditional cable. Then there are the shorter-than-average episodes.

  • Nov 26

    SoulCycle CEO Melanie Whelan Resigns

    Melanie Whelan is resigning from her position as chief executive officer of SoulCycle, effective Tuesday, the company told CNBC Make It. Both sides felt it was time for a leadership transition, according to a person briefed on the decision who asked not to be named because those discussions were private. A spokesperson for SoulCycle declined to comment on the impetus

  • Nov 26

    Black Friday Hours: Here’s a List of When Retailers Will Be Open

    Although some retailers have already started marking down items and cueing the holiday music, the season will kick off in earnest this week. Retailers are preparing for crowds of shoppers as the holidays approach, with retail sales expected to grow between 3.8% and 4.2% this year to between $727.9 billion and $730.7 billion, according to the National Retail Federation. For

  • Nov 26

    Here’s What Restaurants Are Offering Black Friday Deals

    When most people think of Black Friday deals, they picture discounts on electronics, toys or clothing. But restaurant chains also offer their own deals. Here’s where to find deals on restaurant gift cards and discounted food and drinks on Black Friday.

  • Nov 26

    New Jersey-Based Arts and Crafts Retailer A.C. Moore Closing All 145 Stores

    New Jersey-based arts and crafts retailer A.C. Moore will close all 145 of its stores, parent company Nicole Crafts announced on Monday.

  • Nov 26

    Google Fires Four Staffers After Protest, Accusing Them of Data Security Breaches

    Google has terminated four employees for allegedly sharing sensitive information after weeks of internal dissent related to the mistrust of leadership. At least one of the employees was at the center of recent worker protests in San Francisco. In a memo sent to staffers on Monday, three members of Google’s Security and Investigations Team wrote that the four workers were

  • Nov 25

    McDonald’s Agrees to $26M Settlement With California Workers

    McDonald’s has agreed to a $26 million settlement of a long-running class-action lawsuit over wages and work conditions at corporate-run locations in California, the parties said Monday.

  • Nov 25

    Charles Schwab Buys TD Ameritrade in Brokerage Blockbuster

    Charles Schwab is buying rival TD Ameritrade in a $26 billion stock swap, a blockbuster agreement brought about by massive disruption in the online brokerage industry. Bowing to competitive pressure, brokerages have made it free for customers to trade U.S. stocks online. A combination of two of the biggest players in the industry would allow Schwab to save billions of

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