The S&P 500 and Nasdaq Composite pulled back from record highs as the government shutdown stretches into its ninth day. Analysts weigh in on market volatility and consumer resilience amid ongoing economic uncertainty.
Jerome Powell announces the Fed's first interest rate cut of the year, citing weakening labor market conditions. As inflation risks remain, Powell emphasizes a careful balance in policy decisions.
August's job growth has plunged, with the unemployment rate hitting 4.3%, raising concerns over the economy's stability. Experts warn of potential recession as labor market conditions worsen amid controversial policies.
Spirit Aviation Holdings Inc. has filed for bankruptcy for the second time in a year, indicating a critical juncture for the low-cost carrier as it navigates challenges in fleet management and market volatility.
Spirit Airlines has filed for bankruptcy protection just months after emerging from a previous Chapter 11 reorganization. Despite this, the airline assures passengers that booking and travel will continue as normal during the restructuring process.
Sony has announced a $50 price hike on all PS5 models in the US, citing economic challenges and tariffs. This move follows similar price increases by competitors like Microsoft and Nintendo. Find out the new prices and what this means for gamers.
In a significant move, Volvo Cars reveals plans to cut 3,000 jobs as part of an 18 billion Swedish kronor cost-saving initiative, impacting primarily office roles in Sweden. The decision comes amid uncertainties in the automotive industry, including tariff pressures and a need for improved cash flow.
In a strategic move to strengthen its market presence, Dick's Sporting Goods has announced its acquisition of Foot Locker for $2.4 billion. This major deal comes amid a challenging retail landscape and aims to boost Foot Locker's operations internationally.
Nintendo projects 15 million Switch 2 sales by 2026, despite a significant drop in current model sales. Can they meet this ambitious target amid shifting market conditions?
Gamers brace for price hikes as Microsoft raises Xbox console prices globally, citing market conditions and rising development costs amidst ongoing tariff uncertainties. Is this the new norm for gaming?
