Starbucks workers picket outside a Starbucks location in Brooklyn, on Monday, Dec. 1, 2025, to push for higher wages and improved labor practices. Starbucks agreed to the settlement after failing to give workers stable schedules. Zohran Mamdani, the mayor-elect, and Sen. Bernie Sanders (I-Vt.) joined striking Starbucks workers in Brooklyn. (Michelle V. Agins/The New York Times) By EMMA G. FITZSIMMONS Mayor Eric Adams announced a $38.9 million settlement with Starbucks earlier

BNP Paribas strategists expect the S&P 500 will end next year at 7,500, with the index supported by a solid U.S. economy that will fuel corporate profit growth and keep the labor market from weakening significantly. A 7,500 finish in the benchmark U.S. index next year would mean about a 10% increase from the S&P 500’s current level of 6,829. They also wrote in their 2026 global outlook note this week that their end-2026 forecast for the pan-European STOXX 600 index is 650, an

Flooding from Hurricane Milton in Punta Gorda, Fla., Oct. 10, 2024. Zillow, the country’s largest real estate listings site, has quietly removed a feature that showed the risks from extreme weather for more than one million home sale listings on its site. (Paul Ratje/The New York Times) By CLAIRE BROWN Zillow, the country’s largest real estate listings site, has quietly removed a feature that showed the risks from extreme weather for more than 1 million home sale listings on

Wall Street’s main indexes slipped on Monday, pressured by a rise in Treasury yields and as investors digested data that pointed to softening manufacturing activity in the United States. Declines were most noticeable in crypto stocks, with Coinbase down 5.8% and Bitfarms losing 6.6%, as bitcoin fell 6.5% and dropped below $85,000, with the crypto market losing over $1 trillion in value since hitting a record of around $4.3 trillion, according to CoinGecko. Strategy, the world

People line up outside of the Rough Trade record store early on Black Friday waiting for the store to open in Manhattan, on Friday, Nov. 28, 2025. (Karsten Moran/The New York Times) By KAILYN RHONE Even at a time of inflation, tariff concerns and economic uncertainty, Americans opened their wallets on Black Friday, chasing deep discounts and stretching their budgets where they could. Data released Saturday showed that shoppers seized on Thanksgiving and Black Friday deals, sp

U.S. equity funds witnessed their first weekly outflow in six weeks in the week through November 26, as concerns over lofty tech valuations prompted investors to take profits and overshadowed optimism about a possible Federal Reserve rate cut next month. They divested a net $4.56 billion worth of U.S. equity funds in their first weekly net sales since October 15, LSEG Lipper data showed. The S&P 500 has risen more than 3% so far this week on expectations of a Federal Reserve

An attendee at Bitcoin 2025 in Las Vegas, May 28, 2025. Bitcoin and other digital tokens have lost more than $1 trillion in value in recent weeks, raising concerns about a wider market fallout. (Gabriela Bhaskar/The New York Times) By BERNHARD WARNER After a brutal and volatile week, bitcoin was down slightly earlier this week. Crypto tokens have lost more than $1 trillion in market value since their October peak, according to Deutsche Bank, stoking fears that the sell-off ha

Wall Street gained ground on Tuesday as revived tech strength and the growing probability of a December interest rate cut from the U.S. Federal Reserve put investors in a buying mood the day before the Thanksgiving holiday. All three major U.S. stock indexes were on course to notch their fourth consecutive daily gains, as investors looked past the worries over inflated tech valuations that dragged all three indexes to losses last week. Those fears ebbed in the aftermath of ar