
'Appetizer economy': Food inflation is on restaurant table as diners go smaller with menu choices
Consumers are still dining out, but instead of higher-priced entrees, many are ordering more appetizers. As food inflation and affordability dominates the conversation about the U.S. consumer, new restaurant purchasing data shows even among Americans who are going to restaurants, many are in the min
Trump administration's new quarters feature pilgrims, ditching civil rights theme
The U.S. Mint on Wednesday revealed special quarter-dollar coin designs for the U.S.' 250th birthday featuring pilgrims and former presidents rather than previously floated civil rights themes. Designs considered ahead of next year's anniversary included those focused on abolitionist Frederick Dougl
The case for more Fed rate cuts could rest on a 'systematic overcount' of jobs numbers
In the Federal Reserve's battle between fighting inflation and limiting unemployment, the latter side carried the day Wednesday and could also have an edge heading into 2026 if labor market weakness becomes more evident through an apparent overcounting of jobs numbers. In the immediate term, worries
Bessent to propose major overhaul of regulatory body created from financial crisis
Treasury Secretary Scott Bessent is proposing a major change in the approach to how the government approaches financial regulation and stability, CNBC has learned. In a letter set to be released Thursday, Bessent will recommend changing the approach of the Financial Stability Oversight Council. Wher
U.S. has to stop taking in 'below-average' immigrants who won't help economy, says Lutnick
Commerce Secretary Howard Lutnick said Thursday that the U.S. should focus on bringing in immigrants that help grow the economy as the White House rolls out its long-awaited "gold card" visa. "We're the only great country that lets other people just come in without vetting them and deciding whether
🚀 Pi Network Targets Q1 2026 for First Validator Rewards – AI Supercharges KYC
Pi Network has released a major ecosystem update: 📌 AI-powered Standard KYC now cuts review queues by 50%, reducing bottlenecks & accelerating Mainnet migration. 📌 17.5M users passed KYC and 15.7M migrated, marking one of the largest on-chain user verifications in crypto. 📌 Fast Track KYC tec
Bessent says U.S. will finish the year with 3% GDP growth, sees 'very strong' holiday season
Treasury Secretary Scott Bessent said on Sunday that it's been a "very strong" holiday shopping season so far and predicted that the U.S. economy would end the year on strong footing. "The economy has been better than we thought. We've had 4% GDP growth in a couple of quarters," he said in an interv
Core inflation rate watched by Fed hit 2.8%, delayed September data shows, lower than expected
A key inflation measure was lower than expected in September, the Commerce Department said Friday in a report delayed by the government shutdown that gives a further green light for the Federal Reserve to lower interest rates. The core personal consumption expenditures price index, which excludes vo
Layoff announcements top 1.1 million this year, the most since 2020 pandemic, Challenger says
Announced job cuts from U.S. employers moved further ahead of 1 million for the year in November as corporate restructuring, artificial intelligence and tariffs have helped pare job rolls, consulting firm Challenger, Gray & Christmas reported Thursday. The firm said layoff plans totaled 71,321 i
Ukraine, trade, pandas: What China's Xi and France's Macron discussed in Beijing
China said it was open to importing more goods from France in exchange for a "fair, conducive environment" for Chinese businesses in the European nation, President Xi Jinping told his counterpart Emmanuel Macron on Thursday as they met in Beijing. The French president kicked off a 3-day visit to Chi
November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports
The U.S. labor market slowdown intensified in November as private companies cut 32,000 workers, with small businesses hit the hardest, payrolls processing firm ADP reported Wednesday. With worries intensifying over the domestic jobs picture, ADP indicated the issues were worse than anticipated. The
Delayed tariff impact starting to hit, could cause companies to reduce head count in 2026
President Donald Trump's tariffs, aimed at reshoring American jobs lost to overseas manufacturing, could end up lowering domestic head count instead, according to recent statements from corporate executives and economic forecasters. With the labor market already on its heels in a no-fire, no-hire cl
Euro zone inflation up a notch to 2.2% in November, flash data shows
Euro zone inflation stood at 2.2% in November, marking a slight rise from the previous month, flash data from data agency Eurostat showed Tuesday. The latest consumer price index reading is just a shade above the European Central Bank's 2% target. Economists polled by Reuters expected a reading of 2
An industry focused on death faces an existential crisis
For nearly a century, John Dioguardi's family has been making custom headstones and other memorial markers at Rome Monument in western Pennsylvania. Recently, he's wondered how much time his business has left. Dioguardi has been trying to adapt for more than a decade as the rise in cremations has hu
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