businesstelegraph

Retail

Macy's warns holiday-quarter sales will come in light, citing squeeze on shoppers' wallets

Macy's flagship store in Herald Square in New York, Dec. 23, 2021.Scott Mlyn | CNBCMacy's on Friday warned its holiday-quarter sales will come in on the lighter side, saying consumers' budgets are under pressure and that it anticipates that squeeze...

finance

Mortgage rate pain for first-time buyers

As those proposals were dampened, then reversed, mortgage rates have started to fall again. The interest rate for a typical, new two-year fixed-rate home loan peaked at 6.65% in October, but has now dropped to 5.78%. Five-year deals, which had...

finance

Are tech job cuts a warning for the wider economy?

Although job losses are rising - especially in sectors vulnerable to higher interest rates like housing, banking and tech - the figures overall remained near historic lows last year, said Andrew Challenger, senior vice president at Challenger, Gray & Christmas,...

market

What is Khaki Finance? Investing Explained

INVESTING EXPLAINED: What you need to know about Khaki Finance, where polluting industries are encouraged to become greenerBy Daily Mail City & Finance Reporter Published: 21:50 GMT, 6 January 2023 | Updated: 21:55 GMT, 6 January 2023 ...

finance

Food price inflation: why companies are losing out

The accelerating pace of food price inflation in recent months has come as a nasty shock to British consumers, who had grown accustomed to their weekly shop becoming cheaper relative to household incomes.According to data from the British Retail Consortium...

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