U.S. stocks will have a shortened trading day Friday after the market was closed Thursday for Thanksgiving. Equities fell entering the holiday, as some investors appeared to trim their stakes in major tech names. Still, both theare hovering shy of all-time highs. Wednesday offered some fresh clues about the policy path ahead for the Federal Reserve, as year-over-year inflation of 2.
As shoppers scroll and head to stores to find the best Black Friday deals, some retailers are preparing for a better holiday than others. Forecasts have projected only modest holiday growth this year, and earnings reports so farthis year. Voters who backed President-elect Donald Trump appear to have a better outlook for the economy than those who supported Vice President Kamala Harris, which could influence how much each group spends.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyon Dec. 5. House Speaker Mike Johnson, R-La., said lawmakers plan to"discuss major reform ideas to achieve regulatory rescissions, administrative reductions, and cost savings" with the pair of entrepreneurs.