Holiday spending will surpass $1 trillion this year and set a record despite consumer caution, according to a forecast by the National Retail Federation.

Gambling’s reach is extending deeper into the investment ecosystem as Google strikes a deal to pipe prediction market data from Kalshi Inc. and Polymarket into its finance platform.

EchoStar Corp. reported a $16.5 billion impairment charge and agreed to sell more spectrum licenses to Elon Musk’s SpaceX for $2.6 billion as it works to unwind parts of its 5G wireless network.

Another broad selloff that dented high-flying AI trades from Nvidia Corp. to Palantir Technologies Inc. left an old stalwart of the tech sector unscathed: Apple Inc.

Comcast Corp., owner of the Sky pay-television business in Europe, is in talks to acquire ITV Plc’s media and entertainment unit in a deal that would dramatically shake up the UK broadcasting landscape, people with knowledge of the matter said.

Jim Mintern, CEO of CRH, says 2025 is shaping up to be a record year for the company and that 2026 also looks strong. He tells Romaine Bostick and Katie Greifeld on “The Close” that a government shutdown would not impact the company. (Source: Bloomberg)

Amy Butte, chief financial officer at Navan, discusses the company’s decision to go public, saying there are “lots of benefits to being public.” She tells Katie Greifeld and Romaine Bostick on “The Close” that Navan is focused on business travelers and that business travel continues to rise. (Source: Bloomberg)

Federal Reserve Bank of St. Louis President Alberto Musalem says there are some downside risks to the labor market and sees upside risks in terms of inflation persistence during a Fixed Income Analysts Society event. (Source: Bloomberg)

Stephen Yalof, president and CEO of Tanger, discusses retail earnings and consumer spending ahead of the holiday season. He tells Romaine Bostick and Katie Greifeld on “The Close” that Tanger outlets have elevated their shopping centers with upgraded dining and entertainment offerings. (Source: Bloomberg)

Macquarie Group Ltd. shares tumbled after profit missed expectations as tepid activity at its key commodities and global markets division overshadowed a rebound in investment banking.