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American Airlines will no longer award miles or status points to basic economy fares

Members of American Airlines' loyalty program will no longer earn miles or other travel rewards when purchasing a basic economy ticket.
People enrolled in the carrier's AAdvantage program previously earned two miles and loyalty points for each dollar they spent on a regular fare. Now they will only earn points if they buy a more expensive ticket.
The new policy, which American Airlines announced on Thursday, is effective as of December 17.
"We routinely evaluate our fare products to remain competitive in

Bitcoin critic Peter Schiff challenged President Donald Trump to a debate on the U.S. economy Saturday after Trump blasted Fox & Friends on Truth Social for featuring Schiff, accusing the show of “heading in a different direction.
Early Saturday morning, Trump erupted on Truth Social, complaining about Fox & Friends hosting Schiff, a financial commentator and radio personality who has been vocal about America’s affordability crisis.
Trump, who has dismissed the concept of an affordability crisis as a Democratic “con job,” bristled at giving Schiff a platform to make his case.
“Why would Fox

Bitcoin critic Peter Schiff challenged President Donald Trump to a debate on the U.S. economy Saturday after Trump blasted Fox & Friends on Truth Social for featuring Schiff, accusing the show of “heading in a different direction.
Early Saturday morning, Trump erupted on Truth Social, complaining about Fox & Friends hosting Schiff, a financial commentator and radio personality who has been vocal about America’s affordability crisis.
Trump, who has dismissed the concept of an affordability crisis as a Democratic “con job,” bristled at giving Schiff a platform to make his case.
“Why would Fox

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Delta CEO calls United's premium investments 'smart' - The Points Guy

Executives at American Airlines and Delta Air Lines see more premium opportunities 2026.
Both carriers expect the strong demand for premium air travel — think everything from premium economy seats up to the new Flagship Suites on American's new Boeing 787-9P planes, where the "P" stands for "premium" — to continue into next year.
"We're going to have a great year being the top end of the premium stack in travel," said Ed Bastian, CEO of Delta, at a Morgan Stanley investor conference Wednesday.
Speaking later that same

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These days, gauging the health of the economy is almost like trying to figure out how Schrödinger's cat is doing.
Depending on who you talk to, the economy might be on the upswing or trending downward: It’s showing promise but also headed for collapse.
Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what

K-shaped economy: Why it’s being discussed

DEC 6, 2025
WASHINGTON — From corporate executives to Wall Street ***** ysts to Federal Reserve officials, references to the “K-shaped economy” are rapidly proliferating.
So what does it mean? Simply put, the upper part of the K refers to higher-income Americans seeing their incomes and wealth rise while the bottom part points to lower-income households struggling with weaker income gains and steep prices.
A big reason the term is popping up so often is that it helps explain an unusually muddy and convoluted period for the U.S. economy. Growth a

K-shaped economy: Why it’s being discussed

DEC 6, 2025
WASHINGTON — From corporate executives to Wall Street ******* ysts to Federal Reserve officials, references to the “K-shaped economy” are rapidly proliferating.
So what does it mean? Simply put, the upper part of the K refers to higher-income Americans seeing their incomes and wealth rise while the bottom part points to lower-income households struggling with weaker income gains and steep prices.
A big reason the term is popping up so often is that it helps explain an unusually muddy and convoluted period for the U.S. economy. Growth

American approval ratings of President Donald Trump, which have held relatively steady through deployments of the National Guard, unprecedented tariffs and the delayed release of the Epstein files, have fallen slightly, according to a new ****** ysis of public polling compiled by The New York Times.
The reason? A greater share of poll respondents blamed the president’s handling of the economy. At the same time, the share of respondents who disapprove of the president rose to new heights. A New York Times ****** ysis of polls found the president’s approval rating had fallen to 42%; his disappr

In recent remarks at the “Revitalizing America’s Markets” event, SEC Chair Paul Atkins laid out a plan that would fundamentally redefine what it means to be a public company in the United States. He framed it as a plan to “make IPOs great again,” but beneath the rhetoric lies something far more consequential: a shift toward a marketplace where public companies behave like private ones — shielded from disclosure, insulated from shareholder input, and increasingly detached from the long-term health of the broader economy. In essence, it is a move toward absolute control by CEOs and their boards

https://ph.investing.com/n...

The Trump administration is ramping up its immigration crackdown in ways that could alter America’s economy for years to come.
In the wake of the deadly shooting of two National Guard members in Washington, D.C., on Nov. 28 — and the arrest of suspect Rahmanullah Lakanwal, an Afghan national who worked with the CIA to battle the Taliban in his home country — director of U.S. Citizenship and Immigration Services Joseph Edlow announced he would begin a “reexamination of every Green Card for every alien from every country of concern” at Trump’s request (1).
The countries in question, which also

A version of this article originally appeared in Quartz’s Washington newsletter. Sign up here to get the latest business and economic news and insights from Washington straight to your inbox.
In August 2003, Federal Reserve Chair Alan Greenspan kicked off the annual Jackson Hole gathering for economic policymakers with a speech acknowledging the trickiness of steering the U.S. economy through interest rates.
“Uncertainty is not just an important feature of the monetary policy landscape, it is the defining characteristic of that landscape,” Greenspan said at the time. He described the Fed’s j

Visa has entered into a collaboration with the Central Bank of Syria and other financial authorities for a strategic roadmap implementation aimed at Syria digital payments integration.
The initiative is designed to support Syria’s entry into the global digital economy, with Visa launching operations in the country and introducing a phased digitisation plan for the payments sector.
The initial focus will involve collaborating with licenced financial institutions to establish a secure payments infrastructure.
This will include the issuance of payment cards and the introduction of digital wall

Dow Jones Top Markets Headlines at 3 AM ET: Dow Slips, Small Stocks Rally Amid...

Dow Slips, Small Stocks Rally Amid Mixed Signals on Economy
Bond yields rise in the U.S. and ****** an, and new data showed an unexpected drop in weekly American jobless claims.
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Why investors see Friday's inflation report as a gut check of vibes on the economy
Stocks are back on the doorstep of record territory after a volatile month on Wall Street, but persistent inflation worries and souring consumer sentiment are keeping investors uneasy ahead of the Fed's last policy meeting of the year.

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The UK is deporting 60 delivery riders found to be working illegally after an immigration crackdown.
Targeted action against workers in the so-called gig economy led to 171 arrests nationwide last month, the Home Office said.
Those arrested included Chinese nationals working in a restaurant in Solihull, Bangladeshi and Indian riders in east London, and Indian delivery riders in Norwich.
The drive comes as ministers try to crack down on illegal working in the UK, as part of efforts to deter those coming to the country illegally.
Home Office figures show there were 8,232 arrests of illegal w

A 'K-shaped' economy is emerging: What that could mean for 2026

A growing chorus on Wall Street is warning that the US economy is becoming increasingly K-shaped, with higher-income households powering spending while lower-income consumers struggle with affordability. It mirrors what investors have seen in the stock market, where Big Tech continues to drive the major indexes even as other sectors lag behind.
The concern: How long can those two realities coexist before something breaks?
“I don't think they're going to coexist forever,” Bank of America senior US economist Aditya Bhave told Y

Everyone is talking about a K-shaped economy, in which lower- and middle-income households are increasingly being squeezed by a weakening job market and rebounding inflation.
The backdrop has taken a toll on consumer wallets, shifting spending from discretionary to essential purchases. It's also led to consumers rethinking where they spend their hard-earned money, with an increasing number seeking out retailers with a history of low prices, including discount chains and dollar stores.
Dollar General is one of the leading beneficiaries of this shift in customer behavior, as evidenced by its r

Top Trump economic adviser Kevin Hassett was forced to contend with some tough economic numbers on Fox News Thursday as more Americans blame President Donald Trump for the affordability crisis.
Martha MacCallum played a clip of CNN’s data guru Harry Enten, who explained:
Google searches for affordability up 110% versus a year ago. More folks searched for affordability in the last month then at any point since the great recession. It’s the cost of living, most important to you right now, 36 percent. What’s right behind it? The economy, 20%. He won on affordability and the cost of living in 20

How do Trump's fuel economy changes affect automakers?
Who are the winners from Trump's energy policies?
What are the environmental consequences of these changes?
What impact will this have on EV adoption?
Earlier in the year, President Trump signed legislation that effectively ended fuel economy penalties for automakers. The penalties applied to automakers for failing to meet Corporate Average Fuel Economy (CAFE) standards dating back to the 2022 model year. The measure was part of the "One Big Beautiful Bill Act," signed into law in July 2025. And now the president has pushed the envelop

December 4, 2025 / 6:16 PM EST / CBS Atlanta
As the song goes, "Up on the housetop reindeer pause. Out jumps good old Santa Claus," but in metro Atlanta, one home's roof isn't the only thing covered with holiday spirit and making the season bright.
Homeowner Victor Economy loves Christmas. He's been decking out his Smoke Rise home since 1993.
"He was probably born in the 60s, a lot of these are from the 60s," Economy says, pointing to a classic light-up snowman blow mold.
The Economy home has become a destination for families throughout the area, something Victor never imagined.

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The New Economy Collaborative has quietly transformed workforce training in robotics and advanced manufacturing across 10 counties in southwestern Pennsylvania over the past three years, but as the federal grant that made it all possible nears its end, partners are trying to figure out which programs will continue and how.

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Americans’ confidence in the economy slipped in November to negative 30, according to the latest Gallup poll, the lowest level recorded since July 2024.
Gallup’s Economic Confidence Index — which combines Americans’ ******* sments of current economic conditions and the economic outlook — dipped 7 points from negative 23 in October, after standing at negative 20 in September and August of this year.
November revealed the index’s worst showing since July 2024, when it stood at negative 35. The index was negative 19 when President Trump took office in January and has hovered in the negative tee

A new study is flipping the script on how we think about renewable energy, and it is revealing a surprising flaw in the way a major industry is funded.
UK researchers Colm O'Shea, Piers Horne, and Mark Maslin found that wind power has delivered more than $132.4 billion in total savings for consumers since 2010. Besides the work wind power has done to clean up the UK's electricity grid, this is also a major win for families and the economy.
Plus, it is a reminder that clean energy is more than just an environmental upgrade.
From 2010 to 2023, wind generation cut costs by $195.2 billion, incl

RBC thinks the US is on track for "stagflation lite" in 2026.
Stagflation is a dreaded economic scenario in which inflation runs hot while economic growth slows.
The bank pointed to factors like high housing costs and tariffs, which suggest stagflation is looming
The worst-case scenario for the US economy could be a looming reality in 2026.
RBC flagged the likelihood of stagflation in 2026 as the economy looks poised to post below-trend growth while inflation runs "uncomfortably" hot.

https://finance.yahoo.com/...

President Donald Trump announced a major reset of federal fuel economy standards on Wednesday, rolling back Biden-era regulations that would have pushed automakers toward electric vehicles.
The move will save American families an average of $1,000 per new car purchase, the White House said. The policy reversal represents Trump’s latest effort to combat what he calls “hidden cost-of-living increases” from the previous administration. His reset of Corporate Average Fuel Economy (CAFE) standards marks a significant victory for traditional automakers struggling to meet aggressive EV targets.
The

Updated on: December 4, 2025 / 9:44 AM EST / CBS News
The Trump administration is proposing new fuel economy standards for vehicles that would roll back efficiency rules implemented under former President Biden.
Under the Transportation Department proposal, which was unveiled at a White House event on Wednesday, automakers would need to meet less stringent vehicle mileage requirements.
Federal fuel economy rules are overseen by the National Highway Traffic Safety Administration (NHTSA) under what's known as the CAFE (Corporate Average Fuel Economy) Standards. Enacted by Congress in 1975, th

Alongside Walmart and Dollar Tree, value-oriented chain Dollar General just posted one of its strongest quarters in years. And just as with those other retailers, the results point to a consumer economy under significant strain.
The discount giant on Thursday reported almost 5% sales growth to almost $11 billion, with same-store sales up 2.5%. This kind of trade-down activity, which sees shoppers moving from middle-of-the-price-point chains to more value-oriented stores, is often ****** ociated with economic downturns.
In other words, Dollar General's quarter shows that Americans are still b

Dec. 3 (UPI) -- President Donald Trump on Wednesday announced plans to lower fuel-economy and emissions standards imposed by the Biden administration.
The president spoke on the matter at 2:30 p.m. EST from the Oval Office with executives from Ford, General Motors and Stellantis in attendance, Bloomberg and The New York Times reported.
He proposed lowering President Joe Biden's fuel-economy standards from an average of 50 miles per gallon by 2031 for new vehicles to an average of 34.5 mpg, The Washington Post reported.
The federal government estimated new vehicles sold in the United States

A growing chorus on Wall Street is warning that the US economy is becoming increasingly K-shaped, with higher-income households powering spending while lower-income consumers struggle with affordability. It mirrors what investors have seen in the stock market, where Big Tech continues to drive the major indexes even as other sectors lag behind.
The concern: How long can those two realities coexist before something breaks?
“I don't think they're going to coexist forever,” Bank of America senior US economist Aditya Bhave told Yahoo Finance during the firm’s 2026 outlook call this week. “Our vi