While some Americans are still recovering from holiday festivities, many others may have lingering effects of spending regrets. Overall U.S. retail sales increased 7.6% year-over-year between Nov. 1 and Dec. 24, according to the latest Mastercard SpendingPulse survey. For many consumers, the amount of debt they took on to pay for …

Apple and Tesla are facing major headwinds in China which is contributing to investor jitters around the two U.S. technology giants. Tesla shares tanked 12% on Tuesday after the electric carmaker reported deliveries that fell short of analyst expectations, while Apple fell more than 3% as concerns resurfaced about demand …

Bread displayed at the organic Racynes bakery in Boulogne-Billancourt, outside Paris, in November 2022. Bakery owners have been struggling with higher crop and energy prices. Stephane De Sakutin | Afp | Getty Images Energy suppliers in France have agreed to allow bakeries to negotiate new payment plans for 2023 to …

A ‘For Sale’ sign stands in a vacant lot near new homes in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images After a brief reprieve in the first half of December, mortgage interest rates shot up again to end the year, weighing on mortgage demand. Mortgage application volume was …

Britain’s new Prime Minister Rishi Sunak speaks outside Number 10 Downing Street, in London, Britain, October 25, 2022. Henry Nicholls | Reuters Sunak’s education proposals would only affect pupils in England. Education is a devolved issue, with Welsh, Scottish and Northern Irish authorities managing their own systems. School-based education in …

London Stock Exchange Toby Melville | Reuters LONDON — The U.K. economic contraction of 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards weighs on activity. In its 2023 macro outlook, Goldman Sachs forecast a 1.2% contraction in the …

A pink Nezha V and black Nezha U Pro electric car models are on display at a store in Shanghai on Nov. 7, 2021. Costfoto | Future Publishing | Getty Images BEIJING — Another budget-priced electric car brand is taking off in China, this time selling compact SUVs. Nezha, named …

Regulatory scrutiny forced Hangzhou-based Ant Group to abruptly suspend its massive IPO plans in 2020. Vcg | Visual China Group | Getty Images BEIJING — Ant Group’s consumer finance unit has received approval to more than double its registered capital, a sign of progress in resolving regulators’ concerns. Since the …

CNBC’s Jim Cramer on Tuesday offered investors a collection of stocks that he believes will perform well this year. All of his picks are listed in the Dow Jones Industrial Average. related investing news “These companies tend to make things or do stuff at a profit while returning capital to …

New salary transparency laws are rolling out across the U.S. As of Jan. 1, three new states — California, Rhode Island and Washington — joined the chorus of states, cities and counties enacting salary transparency laws intended to give workers more leverage to negotiate their earnings and close wage gaps. …