Closures
Macy’s Closing 150 Stores By 2026, Pivoting To Luxury Sales
Macy’s plans to close almost 150 locations nationwide in order to move towards leaning more heavily on its luxury Bloomingdale’s and Bluemercury chains.
CPAC
Bobby Eberle Recaps CPAC 2024
CPAC is this week and topics of Border Security, Gang Violence, and Inflation were the main themes this year.
2024 campaign
The Biden Administration’s New Regulation Could Wipe Out 1 Million U.S. Jobs
The Biden administration’s Environmental Protection Agency (EPA) has put a new law into regulation that could potentially cut one million jobs across the country and could undermine new efforts to build new manufacturing facilities.
Borrowed
Biden Cancels Another $1.2B In Student Loan Debt
The Biden administration has announced they are canceling another $1.2 billion in student loan debt for over 150,000 borrowers, six months ahead of schedule.
Alicia Summers
Inflation Readings Come in Hotter-Than-Expected
Producer prices came in higher than expected today, so did the consumers prices earlier this week. Producer prices show what producers pay to make goods, which ultimately affects consumers.
ECONOMY
Inflation Rates Continue To Increase In Latest January Report
In the latest report inflation rose more than predicted in January due in part to grocery and housing costs.
credit card
U.S. Credit Card Debt Reaches Record High $1.13T
Credit card debt across the United States hits another record high, according to the latest report.
borrowing costs
US weekly jobless claims fall slightly more than expected
The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week.
2024 campaign
U.S. Economy Added 353,000 Jobs In January, Labor Department Report Claims
In a surprising increase, the U.S. economy added an influx of new career positions even though unemployment rates have stayed steady.
Business
US inflation trending lower; consumer spending strong in December
U.S. prices rose marginally in December, keeping the annual increase in inflation below 3% for a third straight month.