Economy

Key Fed inflation measure shows 2.4% rate in November, lower than expected

  Prices barely moved in November but still held higher than the Federal Reserve's target when looked at from a year ago, according to a Commerce Department measure released Friday. The personal consumption expenditures price index, the Fed's preferred inflation gauge, showed an increase of just 0.1% from October. The...

Earnings

FedEx to spin off its freight trucking business

  A driver of FedEx stands with packages near a delivery truck during Black Friday preparations in the Georgetown neighborhood of Washington, U.S., November 26, 2024. Benoit Tessier | Reuters FedEx announced the much-anticipated spinoff of its freight trucking division on Thursday, as it restructures operations to focus on its...