In his first network TV interview since winning the election, President-elect Donald Trump sat down with NBC News' Kristen Welker. He discussed various topics, including his plans for Dreamers, abortion medication, and the Fed Chair. Trump's measured tone didn't last long. He quickly shifted to sugg
Chipotle recently announced a 2% increase in menu prices across the country. This decision comes as a response to higher costs of key ingredients like dairy, beef, and avocados. The move aims to counter the effects of inflation, which has been especially tough on restaurants. Despite the price hike,
Federal Reserve Chair Jerome Powell will be speaking at the New York Times' DealBook conference today. This talk is happening just two weeks before the central bank announces its decision on interest rates. It’s also Powell’s last public appearance before that important meeting. Markets are expecti
Federal Reserve officials are planning to lower interest rates gradually. They think inflation is coming down and the job market is doing well. This means they can afford to cut rates slowly. The meeting notes said that if things stay as expected, with inflation going down and jobs staying strong, r
Imagine paying more for your favorite fruits, veggies, and even beer from south of the border. The U. S. imports a lot of its fresh produce from Mexico, which could reportedly face new tariffs under Trump. The bottom line? You might feel the pinch in your wallet while shopping. Mexico is a major su
Investors seem to be feeling more at ease with Donald Trump's choice for Treasury secretary. At 5:42 a. m. ET, the 10-year Treasury yield dropped by over 6 basis points to 4. 347%, while the 2-year yield fell by more than 2 basis points to 4. 348%. This change came as investors considered Trump's se
Rumble, a video platform with a conservative following, is making headlines for its bold new treasury strategy. The company recently announced that it'll allocate a portion of its excess cash to buy bitcoin, with a cap of $20 million. This move isn't surprising, given the growing interest in cryptoc
Target's holiday shopping forecast is a bit of a bummer. They think sales will stay the same, and profits might go down. This isn't great news for Target, which saw sales go up by just 0. 3% last quarter. Their shares dropped by as much as 20% in early trading on Wednesday. Target is like a canary
In October, the U. K. saw a surprising jump in inflation, reaching 2. 3%. This is higher than the expected 2. 2% and a significant increase from September's 1. 7%. The news might put a pause on the Bank of England's plans to lower interest rates in December. The Bank aims to keep inflation at 2%, bu
Inflation is a cruel beast, especially for small businesses as they face skyrocketing costs and disgruntled customers. Enjou Chocolat, a small chocolate shop in New Jersey, knows this story all too well. Forcing customers to shell out more for treats, like $14. 99 for a half-pound bag of foil chocol
