This audio is auto-generated. Please let us know if you have feedback IRobot, a U.S. robotics company once courted by Amazon, will be acquired by Picea, its primary contract manufacturer. The transaction is part of a Chapter 11 restructuring process filed Sunday in U.S. Bankruptcy Court for the District of Delaware.China-based Picea will acquire a 100% equity interest after agreeing to cancel $180 million in first lien claims and $74 million in supply agreement claims. Another $84 million or so in supply c ...

Our senior economics reporter Steve Leeman is here at Post9 with the numbers. And Steve, this question about how inflation is impacting holiday spending. >> We're calling it inflation the red-nosed reindeer.How it's really leading spending. Uh it's factoring heavily into consumers views on spending this holiday season. The All-American Economic Survey finding it's affecting where people choose to shop and of course how much.Of the thousands people surveyed across the nation, uh here are some of the results ...

Mexico’s government calculates that new tariffs on Asian goods will only impact inflation by 0.2 percentage points and won’t significantly affect prices of cars imported from nations like China https://t.co/p9PrcYYA6q ...

Getting some breaking news out of the Fed this morning. We'll turn to Steve Leeman with that who's also got a piece on the wires. Now, Steve, that's [music] uh pretty interesting.We'll get you the Williams headlines first, though. >> Yeah. John Williams, New York, Fed President, saying monetary policy is well positioned as we head into 2026.That is language the Fed chair used at the meeting recently that people took to say the Fed was on hold, but not entirely clear. This is where Williams is headed. He say ...

Getting some breaking news out of the Fed this morning. We'll turn to Steve Leeman with that who's also got a piece on the wires. Now, Steve, that's [music] uh pretty interesting.We'll get you the Williams headlines first, though. >> Yeah. John Williams, New York, Fed President, saying monetary policy is well positioned as we head into 2026.That is language the Fed chair used at the meeting recently that people took to say the Fed was on hold, but not entirely clear. This is where Williams is headed. He say ...

Let's get to the broader markets. Our next guest is bullish about the new year. Says worries about tech's high valuations are misplaced.Joining us here this morning at Post9 is Tally Leisure, chief market strategist at the Wealth Consulting Group. Nice to have you in T. Welcome.>> Thank you. Good to be here. At least to have you, Dad.>> You're uh you're pretty constructive on next year. >> Yes. And I'm glad we're sitting down for that conversation because we see the S&P 500 achieving 85 8500 >> 8500 driven ...

Let's get to the broader markets. Our next guest is bullish about the new year. Says worries about tech's high valuations are misplaced.Joining us here this morning at Post9 is Tally Leisure, chief market strategist at the Wealth Consulting Group. Nice to have you in T. Welcome.>> Thank you. Good to be here. At least to have you, Dad.>> You're uh you're pretty constructive on next year. >> Yes. And I'm glad we're sitting down for that conversation because we see the S&P 500 achieving 85 8500 >> 8500 driven ...

JERSEY CITY, New Jersey, Dec 15 (Reuters) - New York Federal Reserve President John Williams said on Monday the U.S. central bank's interest rate cut last week leaves it in a good position to deal with ​what lies ahead, adding that he sees inflation moderating amid cooling in the job market. "Monetary policy is well positioned ‌as we head into 2026," Williams said at an event held by the New Jersey Bankers Association in Jersey City. With the recent easing, the rate-setting ‌Federal Open Market Committee ...

Core Insights - Social Security benefits are failing to maintain retirees' buying power due to inadequacies in the Cost of Living Adjustments (COLAs) formula [2][4][5] - The current COLA formula is based on a consumer price index that does not accurately reflect the spending habits of seniors, leading to a significant loss in purchasing power [6][7] Group 1: Social Security and COLA Issues - Social Security benefits are intended to help retirees maintain their buying power, but this is not happening in practice [2][4] - COLAs are calculated based on a price index for urban wage earners and clerical workers, which does not align with the spending patterns of retirees [5][6] - Since 2010, Social Security benefits have lost approximately 20% of their buying power due to the inadequacies in the COLA calculations [7] Group 2: Potential Solutions - There are alternative solutions, such as annuities, that could help retirees fill the gap created by insufficient Social Security benefits [3]

This week's market focus will be on US economic news. Later today, the Dec NAHB housing market index is expected to increase by +1 to 39. On Tuesday, Nov nonfarm payrolls are expected to increase by +50,000, and the Nov unemployment rate is expected to be at 4.5%. Meanwhile, Nov average hourly earnings are expected to rise by +0.3% m/m and +3.6% y/y. Also, on Tuesday, Oct retail sales are expected to be up +0.1% m/m, and Oct retail sales ex-autos are expected to be up +0.2% m/m. Finally, on Tuesday, the Dec ...