They bought books and coats, fancy dinners and plane tickets. And as 2023 winds to a close, holiday shoppers offered yet another sign that the U.S. economy will roar into the new year.
Financial assets from stocks to bonds notched another winning week as data readouts only reinforced Wall Street's conviction in early and deep rate cuts next year.
The chaos impacting shipping through the Red Sea is threatening to continue for months, according to the world's second-largest container line A.P. Moller-Maersk A/S.
Treasuries are set to book a fourth-straight week of gains – the best winning streak since March – on building investor confidence that the Federal Reserve will begin cutting interest rates next quarter.
Shares of Nike Inc. tumbled Friday, dragging down sportswear retailers and rival brands, after the sneaker maker said it will slash jobs and streamline operations in response to weaker sales.
Forces that slowed the the local housing market may be thawing, but homebuyers in the Spokane area likely won't see much relief in the first three months of 2024, a local real estate official said.
The Federal Reserve's preferred gauge of underlying inflation barely rose in November and trailed policymakers' 2% target by one measure, reinforcing the central bank's pivot toward interest-rate cuts next year.
Honda is recalling 2.6 million cars, SUVs and vans in the United States over a fuel pump defect that could cause the vehicles to stall on the road or fail to start.
The shift away from cars with dirty combustion engines is running into a new hurdle: Drivers don't want to buy used electric vehicles, and that's undermining the market for new ones, too.
The Biden administration raised the stakes on its politically fraught bet on massive subsidies for nascent clean-energy technologies Friday, rolling out a plan for awarding billions of dollars in tax credits to the makers of ultrapowerful "green" hydrogen fuel.
Apple Inc. has stopped selling the Apple Watch Series 9 and Ultra 2 in the U.S. on its online store, just days before a ban related to a patent dispute takes effect.
The U.S. inflation outlook was already steadily improving in recent months, but last week, right in the middle of the Federal Reserve's two-day policy meeting, the dam finally broke.
China has signed off on the first delivery of a Boeing Co. 787 jet since April 2021, an indication strained U.S.-China trade relations may be easing and a potential precursor to the more significant resumption of 737 Max deliveries.
