Business

Producer prices rise a mild 0.2% in November, government says in report delayed by federal shutdown

Producer prices rise a mild 0.2% in November, government says in report delayed by federal shutdown

WASHINGTON (AP) — U.S. wholesale prices rose modestly in November, the government said in report delayed by the federal government shutdown. The Labor Department reported Wednesday that its produ...

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Retail sales rise 0.6% in November as holiday shopping picks up

Retail sales rise 0.6% in November as holiday shopping picks up

NEW YORK (AP) — Shoppers increased their spending in November from October as holiday shopping kicked into full gear. Retail sales rose a better-than-expected 0.6% in November, following a revised...

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Saks Global files for bankruptcy as it prepares to restructure

Saks Global files for bankruptcy as it prepares to restructure

Luxury retailer Saks Global has filed for bankruptcy, preparing to reposition itself in the increasingly competitive upscale market after obtaining about $1.75 billion in financing commitments. T...

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Wall Street executives warn Trump: Stop attacking the Fed and credit card industry

Wall Street executives warn Trump: Stop attacking the Fed and credit card industry

NEW YORK (AP) — Up until this week, Wall Street has generally benefited from the Trump administration’s policies and has been supportive of the president. That relationship has suddenly soured. Wh...

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Central bankers back US Fed Chair Jerome Powell in clash with Trump

Central bankers back US Fed Chair Jerome Powell in clash with Trump

FRANKFURT, Germany (AP) — Central bankers from around the world said Tuesday they “stand in full solidarity” with U.S. Federal Reserve Chair Jerome Powell, after President Donald Trump dramaticall...

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Bringing charges against the Fed: What we do (and don’t) know

Bringing charges against the Fed: What we do (and don’t) know

WASHINGTON (AP) — President Donald Trump has dramatically escalated his confrontation with the Federal Reserve, his Justice Department investigating and threatening a criminal indictment of the in...

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