Strong Cyber Monday sales expected but could fall short of 2020 spending
Both Black Friday and Thanksgiving Day online shopping came in below Adobe's prediction. On Black Friday, online sales reached $8.9 billion, down from the $9 billion in 2020.
North Texas Black Friday shoppers see some higher prices, empty shelves
The day after Thanksgiving typically marks the unofficial beginning of the holiday shopping season, but stores in recent years have put less emphasis on it. This year, many may see higher prices and empty shelves due to the supply chain crisis.
Stocks sink on new COVID variant; Dow loses 1,000 points
A day after the Stock Market was closed for Thanksgiving, news of a new COVID-19 variant sent stocks falling, with the Dow losing 1,000 points.
Supply chain crisis limiting selection at North Texas liquor stores
North Texas liquor store owners say it might appear they have plenty to choose from, but make no mistake that supply chain issues have them struggling to maintain more than ever before. The issues are leading their suppliers to raise prices, so stores raise prices on customers.
Unemployment benefits claims hit 52-year low after seasonal adjustments
Seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000.
President Biden aims to do what presidents often can't: Beat inflation
Over the years, American presidents have tried, and mostly floundered, in their efforts to quell the economic and political menace of consumer inflation. Now, President Joe Biden is giving it a shot.
Samsung to build $17B chip manufacturing plant in Taylor
The Taylor factory is set to be 1200 acres larger than the one in Austin. Construction will begin in early 2022 with a target of production start in the second half of 2024.
North Texans prepare for pain at the pump for Thanksgiving travel
North Texans are definitely feeling the pain at the pump. And while it is not enough to stand in the way of Thanksgiving with family, people say they will have to start making other cuts. And don't expect prices to come down anytime soon as a result of President Biden's move to tap into the strategic oil reserves.
Dollar Tree doubles down on pricing items over $1
Dollar Tree will charge $1.25 for the majority of its products across all of its locations nationwide by the end of April.
Jerome Powell nominated for 2nd term as Fed chair amid surging inflation
Biden's decision, reached after extensive consideration, strikes a note of continuity and bipartisanship at a time when surging inflation is burdening households and raising risks to the economy's recovery.
Build Back Better expands EV tax credit with $12.5K incentive on American-made electric cars
The Biden administration's trillion-dollar spending plan offers enhanced incentives for EV buyers who purchase a car through a domestic automaker.
US unemployment claims drop seventh straight week to 268,000
U.S. jobless claims dipped by 1,000 last week from the week before to a pandemic low of 268,000, the Labor Department reported Thursday.
Biden signs $1T infrastructure bill into law as Congress debates climate, social bill
The bill includes providing $110 billion to repair the nation’s aging highways, bridges and roads.
US inflation: Economists explain why consumer prices are rising
For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long.
Biden administration ‘looking at every tool in arsenal’ to address gas price hike
Energy costs played a large role in the inflation surge, skyrocketing 4.8% from September to October, with the price of gas jumping up 6.1%.
Americans quit jobs at record pace in September for 2nd straight month
The Labor Department said Friday that 4.4 million people quit their jobs in September, or about 3% of the nation's workforce.
Johnson & Johnson plans to split into 2 public companies
Johnson & Johnson is breaking into two companies, separating the division that sells Band-Aids and Listerine from its prescription drug business.
11 Democratic lawmakers ask Biden to dip into Strategic Petroleum Reserve to alleviate gas price hike
The Strategic Petroleum Reserve is stored in huge underground salt caverns at four sites along the coastline of the Gulf of Mexico and is the world’s largest supply of emergency crude oil.
Women big rig drivers celebrated during expo in Dallas
It comes at a time where drivers are in desperate need to help alleviate strains on the supply chain. Attendees say trucking is not the male-dominated industry people think it is, and jobs are not limited to just truck driving.
Robinhood: Personal info of millions of customers stolen in ‘data security incident’
Robinhood said some personal information for some of its customers, including email addresses and full names, was accessed and obtained by an unauthorized third party last week.