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Trump, Softbank CEO announce $100B investment to create 100,000 American jobs
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Fox Business, National

Trump, Softbank CEO announce $100B investment to create 100,000 American jobs

By  Greg Norman  | Fox Business President-elect Donald Trump and Softbank CEO Masayoshi Son announced Monday a $100 billion investment in America aimed at generating 100,000 new jobs. Trump, speaking at Mar-a-Lago after meeting Son there, called the investment "a monumental demonstration of confidence in America's future." "Masa runs one of the largest companies in Japan and among the most successful investment and technology companies anywhere in the world, one of the most successful investors in the world. And we've just concluded a very productive meeting," Trump said. "And today, I'm thrilled to announce that SoftBank will be investing $100 billion in America, creating 100,000 American jobs at a minimum. And he's doing this because he feels very optimistic about our country si...
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Coffee prices hit record high after challenging growing season
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National, THE HILL

Coffee prices hit record high after challenging growing season

By Ashley Soriano | News Nation Via The Hill Higher coffee prices could be brewing for consumers as the global coffee market smashed a 47-year record. Arabica coffee, a type of coffee bean largely grown in Central and South America, sold for $3.44 a pound earlier this week, beating the prior record high of $3.35 set in 1977. Brazil is the leading producer of arabica, the world’s most popular variety, and extreme drought has led to smaller harvests, driving world prices up. READ THE FULL STORY AT THE HILL
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As Colorado slips behind other states in economic strength, slower economic growth in 2025 is ‘new reality’
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gazette.com, State

As Colorado slips behind other states in economic strength, slower economic growth in 2025 is ‘new reality’

By Bernadette Berdychowski  | The Gazette As Colorado slips behind other states in terms of economic strength, its economy is projected to grow — albeit slower in 2025, according to a new report. The Business Research Division at the University of Colorado Boulder released its 60th annual outlook Monday detailing forecasts of Colorado’s economy and various industries for 2025 based on the analysis from 140 statewide government, business and academic experts. The report found Colorado’s economy is growing, but falling behind in several areas. READ THE FULL STORY AT THE GAZETTE
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Is Macy’s next in retail bloodbath? Beloved store sees sales slump amid 150 shops closing
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Daily Mail, National

Is Macy’s next in retail bloodbath? Beloved store sees sales slump amid 150 shops closing

By Alice Wright | Daily Mail Macy’s is facing a rough holiday season after revealing disappointing sales figures and slashing its profit outlook. The grim outlook provided by bosses this morning has sparked fears for the future of the much-loved retailer, which is already in the process of shutting a third of its stores. Sales at the iconic department store chain - which also owns Bloomingdale's - fell by 2.4 percent in the quarter ending in November. Macy's also significantly lowered its expected earnings for 2024.  READ THE FULL STORY AT THE DAILY MAIL
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Colorado experts predict what the state’s economy will look like in 2025
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State, The Colorado Sun

Colorado experts predict what the state’s economy will look like in 2025

By Tamara Chuang | The Colorado Sun The Herculean effort of predicting how the current year has gone and what will happen to Colorado’s economy in next year took 140 local experts from every major industry sector, meetings since September and dozens of staffers at University of Colorado’s business school putting in roughly 1,000 hours of work.  On Monday, it was summed up with a sentence: “The economy is on stable footing.” The full 171-page report is also available online for those who prefer to dive deeper, but on Monday, senior economist Richard L. Wobbekind, the faculty director of the Business Research Division at the Leeds School of Business, shared highlights during the annual Colorado Business Economic Outlook & Forum event. READ THE FULL STORY AT THE COLORADO ...
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Boeing to layoff hundreds in Washington state as company-wide cuts continue
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Fox Business, National

Boeing to layoff hundreds in Washington state as company-wide cuts continue

By Elizabeth Pritchett  | Fox Business Boeing is laying off 396 employees at locations in Washington state, Reuters reported on Monday. The move is part of a 10% global workforce cut that the company announced in October, which is expected to impact approximately 17,000 jobs within Boeing. A total of 2,199 Boeing workers in the state of Washington – where its workforce totals more than 60,000 – will be laid off over the next few months, Fox Business reported in November. READ THE FULL STORY AT FOX BUSINESS
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You can break my wallet but not my Christmas spirit
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MIG Reports, National

You can break my wallet but not my Christmas spirit

By MIG Reports Key Takeaways: Economic strain has shifted Christmas from a season of material abundance to one of resourcefulness. Societal pressures and the commercialization of Christmas create emotional burdens, intensifying expectations and financial realities. Collective resilience emerges as a defining feature of the holiday season, with communities embracing mutual support and shared experiences.  Amid economic uncertainty and financial strain, conversations about Christmas spending express concerns, adaptations, and cultural shifts. Americans discuss their individual struggles and collective resilience as households navigate rising costs while maintaining the spirit of the holiday season. READ THE FULL STORY AT MIG REPORTS
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U.S. Economy Adds 227,000 Jobs In November
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Breitbart, National

U.S. Economy Adds 227,000 Jobs In November

By John Carney | Breitbart Employers in the United States added 227,000 workers to their payrolls in November, the Department of Labor said Friday, and the unemployment rate edged up to 4.2 percent. Economists had been expecting 215,000 after storms and strikes saw the Labor Department report a much-worse-than-expected growth of just 12,000 in October. They had also forecast that the unemployment rate would rise one-tenth of a point from 4.1 percent. The October report was revised up by 24,000, bringing the estimate up to 36,000. The September jobs number was revised up by 32,000, from a gain of 223,000 to 255,000. READ THE FULL STORY AT BREITBART
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Spirit Airlines files for chapter 11 bankruptcy protection
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Fox Business, National

Spirit Airlines files for chapter 11 bankruptcy protection

By Elizabeth Pritchett , Pilar Arias | Fox Business Spirit Airlines has filed for Chapter 11 bankruptcy protection following significant financial struggles due to mounting losses and debt maturities, the airline announced Monday. The filing comes after two failed mergers in less than two years – one recently with Frontier and another earlier in 2024 with JetBlue – which left the ultra-low-cost carrier in a bind after repetitive quarterly losses. In October, Spirit announced plans to sell multiple aircraft and lay off workers as it tried to raise cash and revive operations. READ THE FULL STORY AT FOX BUSINESS
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Former Chrysler exec says Trump’s win is prompting CEOs to move out of China
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Fox Business, National

Former Chrysler exec says Trump’s win is prompting CEOs to move out of China

By Taylor Penley  | Fox Business President-elect Donald Trump's landslide victory over Vice President Harris is already sending shockwaves through the business world as executives have looked to move production out of China since last week, former Home Depot and Chrysler CEO Bob Nardelli told FOX Business. "I think he's [Trump] going to be very positive about growth. He's going to be very protective. He's going to try to re-shore onshore stuff out of China," he said Tuesday on "Mornings with Maria." "Big discussion yesterday about the supply issue, basically superseding the domestic demand issue in China, so a lot of the companies I'm talking to and CEOs are already looking at how they're going to move out of China, either onshore, back to the U.S., or re-shore to another favorab...
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