As the holiday season kicks into full gear, consumer spending is poised to soar to unprecedented levels. However, alongside this surge in sales lies a significant and growing challenge for retailers: the avalanche of returns that follows. The National Retail Federation (NRF) has dubbed January “Returnuary,” indicating that the post-holiday period will see a mountain
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In a significant move, a coalition of banking institutions and commerce groups is taking legal action against the Federal Reserve regarding the annual stress testing procedures applied to banks. Spearheaded by the Bank Policy Institute (BPI), which comprises major financial players such as JPMorgan Chase, Citigroup, and Goldman Sachs, the lawsuit is also endorsed by
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The holiday season often brings about not just cheer, but also predictions for the year to come, particularly in the fast-evolving media and entertainment landscape. As we look ahead to 2025, insights offered by anonymous executives from some of the industry’s biggest companies reveal much about the anticipated trends and transformations shaping the future. This
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The current financial environment is reshaping how millennials view retirement savings. A few years ago, Wes Bellamy, an esteemed academic in Virginia, discovered substantial growth in his 401(k) while preparing to purchase a home. His journey highlights the transformation in financial attitudes and the increasing importance of investing for the future. As the economy fluctuates
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As the holiday season approaches, an imminent government shutdown is threatening to disrupt travel plans for millions of Americans. The political impasse within Congress has escalated, particularly following a failed vote on a short-term funding bill that had the backing of President-elect Donald Trump. Without a resolution by 12:01 a.m. ET this Saturday, government operations
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