Business

aire images/Getty Images (NEW YORK) — People haven’t only been filling their plates this Thanksgiving weekend — it also seems they’ve been filling their online shopping carts. Black Friday online shopping this year is on pace to break a record with between $10.7 billion and $11 billion in sales, according to Adobe Analytics, which tracks […]

Chris Unger/Zuffa LLC (WASHINGTON) — Tariff threats voiced by President-elect Donald Trump this week rippled through global stocks and triggered warnings from U.S. retail executives about the risk of higher prices. Former President George W. Bush, who congratulated Trump a day after the election, has not commented on Trump’s remarks, in keeping with a low public profile. As recently as 2021, […]

Krisztian Bocsi/Bloomberg via Getty Images (BERLIN) — Workers for the largest online retailer in the world are planning to go on strike during one of the busiest shopping weekends of the holiday season. Amazon employees are preparing to protest in 20 countries, including in major cities in the United States, Germany, the United Kingdom, Japan […]

Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — Tech billionaire Elon Musk has kept busy since Election Day, advising President-elect Donald Trump and receiving an appointment to co-lead a new government efficiency commission. Musk has also found time to promote Trump in scores of posts on the social media platform X, formerly Twitter, which he […]

J. David Ake/Getty Images (NEW YORK) — If you are nearing retirement, you will soon be able to stash even more money into your nest egg — if you can afford it. The Internal Revenue Service announced that the maximum amount individuals can contribute to their 401(k) or similar plans in 2025 will increase to […]

Namthip Muanthongthae/Getty Images (NEW YORK) — Bitcoin vaulted to a record high on Thursday, surging more than 3% in early trading and hurtling toward investors’ long-sought milestone of $100,000. The price of bitcoin briefly exceeded $98,000 for the first time on Thursday morning, before retreating to about $97,600. The value of the world’s most popular cryptocurrency […]

Joe Buglewicz/Getty Images (New York) — Conspiracy theorist Alex Jones accused The Onion and Sandy Hook Elementary School families of “collusive bidding” and asked a bankruptcy court judge to halt the sale of his Infowars platform. Jones, who defamed the Sandy Hook families by calling the 2012 massacre a hoax and the parents of the […]

Grace Cary/Getty Images (NEW YORK) — President-elect Donald Trump sharply criticized the rising price of groceries throughout his campaign, even delivering an address outside his New Jersey home in August alongside a table covered with cereal boxes, coffee grounds and ketchup. A wave of consumer discontent appears to have helped lift him back into the […]

Grace Cary/Getty Images (NEW YORK) — President-elect Donald Trump sharply criticized the rising price of groceries throughout his campaign, even delivering an address outside his New Jersey home in August alongside a table covered with cereal boxes, coffee grounds and ketchup. A wave of consumer discontent appears to have helped lift him back into the […]

Kent Nishimura/Getty Images (NEW YORK) — Americans’ credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week. Credit card debt climbed $24 billion over a three-month stretch ending in September, soaring to a level 8% higher than where it stood a year ago, the […]