Retail sales rose at their slowest pace in nearly a year in October as American consumers showed signs of strain from high prices.
Consumers are showing signs of strain even as they keep spending, CNBC/NRF Retail Monitor shows
Original reporting
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Rep. Jim Jordan, Sen. John Thune elected GOP leaders in Congress
House Speaker Mike Johnson, R-La., announced the day after Election Day he would not run for minority leader in the 120th Congress.
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Mortgage rates jump sharply higher, after easing for four straight weeks. Here's why
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ITV to cut costs by £30m amid falling advertising sales
Ad revenue slowdown forces company to reduce spending on content by £25m before inquiry into takeover by Sky Business live – latest updates ITV plans to cut costs by £30m this year, as the TV sector faces a chill wind of ditched commissions , falling advertising sales and job reductions. The broadcaster, which has agreed to sell its television and streaming business to Sky, expects ad revenues in that division to fall between 5% and 10% in the crucial final quarter of the year, despite the typically busy Christmas season. Continue reading...
Zelenskyy warns Ukraine is 'not real estate' as experts say a Russia peace deal remains elusive
President Zelenskyy warned Tuesday that his country "was not real estate," as a second and final day of U.S.-brokered peace talks got underway.