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Red Sea crisis could last a year with Houthi attacks ‘just increasing’

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A screen grab captured from a video shows that cargo ship ‘Galaxy Leader’, co-owned by an Israeli company, being hijacked by Iran-backed Houthis from Yemen in the Red Sea on November 20, 2023. (Photo by Houthis Media Center / Handout /Anadolu via Getty Images) Anadolu | Anadolu | Getty Images The ripple effects of the … Read more

Consumer spending rises in December to end solid holiday season, CNBC/NRF Retail Monitor shows

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People carry shopping bags as they visit a department store during the holiday season in New York City. Eduardo Munoz | Reuters Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail Monitor for December. However, the data also shows the true state of consumer … Read more