President-elect Trump demanded Panamanian authorities either lower fees for U.S. ships to transit the Panama Canal, or return its control to the United States.
Why it matters: The U.S. ceded one of the world's most crucial pieces of infrastructure in 1999, and China has become increasingly influential in its operations since.
Party City is planning to close all of its stores, more than a year after it exited bankruptcy, the retailer confirmed Saturday in an email to consumers.
Why it matters: The New Jersey-based party supplies company has been struggling for years even before the pandemic.
Holiday travelers fretting over how a government shutdown would affect their flights can breathe easy — now that both chambers of Congress have approved a temporary stopgap avoiding the prospect.
The big picture: An estimated40 million people are expected to fly during one of the busiest travel periods of the year, and TSA agents and air traffic controllers will continue to work.
Homes listed over $1 million are taking up a larger share of the market, per Redfin.
The big picture: Wealthy people are the ones who can play in this market. Million-dollar homes grew 1 percentage point to 9.3% in 2024 from 2023, Redfin found.
