American Eagle stock jumped on Wednesday after the retailer boosted its sales forecast as the apparel company continued to see traffic increase following its viral Sydney Sweeney jeans campaign. The company's stock is up 136% over the past six months, with a roughly 50% gain in the last month and 19% rise in the last five days. That run was spurred by the release of American Eagle's "Great Jeans" ad in July that featured Sweeney. It also had a high profile campaign with NFL star Travis Kelce's Tru Kolors cl ...

Core Insights - The CEO of Ford Motor Co. supports the Trump administration's initiative to make automobiles more affordable, highlighting the potential for lower car prices and the introduction of new American-made vehicles due to recent regulatory changes [1][2]. Group 1: Regulatory Changes and Economic Impact - The rollback of the Corporate Average Fuel Economy (CAFE) standards under the Trump administration is seen as a positive move for affordability, allowing consumers more choice in vehicle types without being forced into electric vehicles [3][6]. - The White House claims that the reset of fuel-economy standards will save American families a total of $109 billion, contrasting with the Biden administration's stricter regulations that would have increased the average cost of a new car by nearly $1,000 [8][9]. Group 2: Market Trends and Consumer Preferences - Ford's CEO indicates that the adjustments in tariffs and more reasonable fuel economy standards will lead to a decrease in car prices, with a notable increase of 25% in the affordable range of vehicles offered by Ford in November, despite an overall market decline [10]. - The market demand is shifting towards affordable vehicles, as evidenced by the CEO's assertion that the company can now build what Americans want, which is more affordable options [10].

Core Insights - The U.S. sawmill industry is facing significant challenges due to prolonged trade uncertainties, leading to closures and reduced margins [1][6][10] - The Hardwood Federation estimates that at least one sawmill is closing every week, with over 4% of U.S. sawmills lost to closures and consolidations [1][6] - Trade tensions, particularly with China, have severely impacted American hardwood exports, resulting in a loss of approximately 50% market share to competitors [5][6] Industry Challenges - Many sawmills, like Evans Lumber Co., are struggling to maintain operations due to insufficient lumber orders, leading to temporary shutdowns [2][3] - The retaliatory tariffs imposed by other countries have created a volatile environment, tightening margins and altering supply chain dynamics globally [7][10] - The hardwood industry experienced a 20-25% decline in exports during the 2017 trade dispute, with current conditions being described as worse [7][10] Market Dynamics - The shift in consumer preference towards cheaper composite or synthetic wood alternatives is further straining the hardwood industry [10][12] - Sawmills are facing competition from big-box stores that promote vinyl or plastic flooring as premium products, limiting market opportunities for solid hardwood [11][12] - The industry is advocating for government support, with several sawmill owners planning to visit Washington D.C. to seek assistance [15]

Ritz Peanut Butter Cracker Sandwiches were recalled in eight U.S. states after a labeling mix-up that could trigger severe allergic reactions in people with peanut allergies. The Food and Drug Administration (FDA) said the 70 affected cases were shipped to retailers in New York, New Jersey, Pennsylvania, Georgia, Arkansas, Missouri, Oklahoma and Alabama.The move follows a similar recall in July, though the FDA said this latest action is not an expansion and is being taken out of an abundance of caution. The ...

Macy's sales reached its highest level in more than three years, marking a major step forward in its turnaround effort. The retailer, which launched its turnaround plan in 2024, highlighted two measures of progress in its latest report covering a three-month period ending Nov. 1. Sales at the stores it plans to keep open rose for the second straight quarter, while sales across the broader Macy’s brand, including all stores and its website, grew at the fastest pace in 13 quarters.Bloomingdale’s and Bluemercu ...

Fanatics, the leading global sports platform, is entering a rapidly growing sector filled with demand — prediction markets. Fanatics Markets, a simply, user-friendly prediction market platform, was announced on Wednesday. It will allow consumers to trade on moments shaping sports, finance and culture.While Fanatics is one of the major players in the sports betting space, a prediction market is an entirely different space given the vast sectors people can choose to trade on, including politics, the Oscars, a ...

The chairman of the U.S. Securities and Exchange Commission, Paul Atkins, said the agency is tightening scrutiny of Chinese firms in U.S. markets, stressing the need to ensure "our rules… are complied with and that our laws are complied with," particularly as companies "operating in China" list shares in America. "That's very important for us to focus on and not lose sight of," Atkins told FOX Business' Maria Bartiromo from the New York Stock Exchange in an interview that aired Wednesday. "We're looking at ...

Companies in the private sector lost 32,000 jobs in November, payroll processing firm ADP said Wednesday. The figure is below economists’ estimates of a gain of 10,000 jobs. The prior month's payrolls number was revised upward to a gain of 47,000 from an initially reported increase of 42,000."Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment," said ADP chief economist Nela Richardson. "And while November's slowdown was broad-based, it was led b ...

The Food and Drug Administration (FDA) issued a stark warning Tuesday about malfunctioning blood glucose monitoring devices that may have contributed to seven deaths and hundreds of serious injuries. Medical equipment manufacturer Abbott also alerted users and health distributors last Monday, urging them to immediately stop using or dispose of all FreeStyle Libre 3 Sensor and FreeStyle Libre 3 Plus Sensor devices.The FDA described the issue as a "potentially high-risk" problem. "As of November 14, 2025, Abb ...

Oil and gasoline prices are expected to decline next year, according to the latest forecast from the Energy Information Administration (EIA). The EIA published its November Short-Term Energy Outlook last month, which projected that the price of Brent crude oil will decline from $69 a barrel in 2025 to $55 a barrel next year. That would be well below the $81 per barrel that prevailed in 2024.Gas prices are also projected to continue their decline into next year. Retail gas prices averaged $3.30 a gallon in 2 ...