American consumers spent a record $11.8 billion online this Black Friday, up from $10.8 billion last year, spending as much as $12.5 million per minute.
Consumer confidence sank sharply in November, with the Conference Board’s index dropping to 88.7 as Americans grew more pessimistic about current conditions.
With enhanced Obamacare tax credits set to expire at year’s end, Republicans are proposing new alternatives, including cash payments through Health Savings.
Amazon announced it will invest as much as $50 billion to expand AI and high-performance computing capacity for its cloud unit’s U.S. government customers.
Treasury Secretary Scott Bessent insisted the U.S. is not headed for a 2026 recession and predicted Americans will soon feel the benefits of the administration.
