Forget about Black Friday. Holiday shoppers are already hunting for the best deals. Half of this year’s gift givers say they plan to start shopping by the end of October, according to a Bankrate survey. That’s why Target rolled out its Deal Days event this week, slashing prices up to 50%. It was timed just … Read more
Gas prices in the U.S. expected to rise – CBS News Watch CBS News A decision by the OPEC+ alliance of oil-exporting nations to cut production of crude coupled with refinery woes in the West and Midwest are pushing gas prices higher just before the midterm elections. Jonathan Vigliotti reports. Be the first to know … Read more
Barnard College says it will start offering abortion pills on campus next year, citing the “negative consequences for women’s futures” of the Supreme Court’s overturn of Roe v. Wade. The high court’s June ruling “will likely decrease college accessibility, result in lower graduation rates, and derail employment trajectories,” officials at the private women’s college in … Read more
Teachers, government workers and people employed by nonprofits have only days remaining to apply for a one-time waiver that could help them erase or reduce their student debt. The so-called “limited Public Service Loan Forgiveness waiver” was designed by the Biden administration last year to fix a major problem with a long-running program designed to … Read more
Good news on the economy means bad news for Wall Street, with stocks tumbling Friday on worries a still-strong U.S jobs market may actually make a recession more likely. The S&P 500 sank 2.8% after the government said employers hired more workers last month than economists expected. Even though job growth is slowing, the unemployment … Read more
Unknown hackers gained access to $570 million worth of cryptocurrency from Binance, the world’s largest cryptocurrency exchange, this week, but company officials have minimized the losses to under $100 million, its CEO said Friday. “The issue is contained now. Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly,” Changpeng … Read more
New York Times investigative journalists Walt Bogdanich and Michael Forsythe examine the influence of one of the leading consulting firms, McKinsey & Company, in their book “When McKinsey Comes to Town: The Hidden Influence of the World’s Most Powerful Consulting Firm” (Random House). Read the excerpt below, and don’t miss Erin Moriarty’s interview with Walt … Read more
Thanksgiving and Christmas airfares are shaping up to be some of the most expensive of the year. Domestic airfare for Thanksgiving is now averaging $281 roundtrip – up 25% from last year, according to Hopper. Christmas will be even more expensive, with prices averaging $435 roundtrip, 55% more than what tickets cost during the 2021 … Read more
More U.S. companies are cutting jobs and freezing hiring as the economy cools, a sign that efforts by the Federal Reserve to tamp down inflation are hitting the labor market. Layoff announcements spiked in September, according to outplacement firm Challenger, Gray & Christmas. Job cuts last month rose to nearly 30,000, an increase of 46% … Read more
Inflation could dash some of the holiday cheer for many Americans who plan on traveling to see family and friends this season. Surging gas, airfare and hotel costs are making travelers especially budget-conscious, according to a survey from Bankrate. Americans said they plan to travel shorter distances, spend fewer days out of town and engage … Read more