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Business & Tech

Here’s why everyone’s talking about a ‘K-shaped’ economy

WASHINGTON (AP) — From corporate executives to Wall Street analysts to Federal Reserve officials, references to the “K-shaped economy” are rapidly proliferating. So what does it mean? Simply put, the upper part of the K refers to higher-income Americans seeing their incomes and wealth ...

US stocks rise for a fifth straight day to close out a volatile month

Wall Street rose for a fifth straight day to put the wraps on a volatile month. The S&P 500 rose 0.5% in abbreviated trading Friday and closed out November with a slim gain of 0.1%. The Dow Jones Industrial Average rose 289 points, or 0.6%. The Nasdaq gained 0.7% but ended November with a ...

Venezuelans worried about economic turmoil shun Black Friday deals

CARACAS, Venezuela (AP) — Window displays advertising 30% discounts and shoes for $20 were not enough to draw throngs of bargain hunters this Black Friday to a popular mall in Venezuela’s capital. Even the newly opened H&M store was virtually empty in the morning. The country’s ...