Consumers showed unexpected strength in November, giving a solid start to the holiday season as inflation showed signs of continued easing.Retail sales rose 0.3% in November, stronger than the 0.2% decline in October and better than the Dow Jones estimate for a decrease of 0.1%, the Commerce Department reported Thursday....
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Inflation slowed to a 3.1% annual rate in November
Prices across a broad range of goods and services edged higher in November but were mostly in line with expectations, further easing pressure on the Federal Reserve.The consumer price index, a closely watched inflation gauge, increased 0.1% in November, and was up 3.1% from a year ago, the Labor Department...
Here’s how advisors are using Roth conversions to reduce taxes for inherited IRAs
Only 41% of investors with more than $1 million have a plan for passing on their wealth to future generations, UBS says.kate_sept2004 via Getty ImagesAs retirees consider their legacy, a popular income tax-saving strategy has become more common, experts say.The strategy, known as a Roth individual retirement account conversion, transfers...
Hasbro laying off 1,100 workers as weak toy sales persist into holiday season
Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC.Hasbro had about 6,300 employees as of earlier this year, according to a company fact sheet.Shares of the company fell...
Top Wall Street analysts are confident about these 3 promising stocks
Salesforce signage outside its office building in New York.Scott Mlyn | CNBCRetail investors are grappling with the gyrations of the stock market as economic data rolls in and the Federal Reserve's rate decision looms.To avoid making knee-jerk decisions based on short-term market activity, investors may want to consider input from...