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Holiday shopping expected to top $1T

NEW YORK — American shoppers are expected to spend more during this holiday shopping season than last year despite economic uncertainty and rising prices. The 2025 forecast from the National Retail Federation on Thursday estimates that shoppers will collectively spend between $1.01 trillion and $1.02 trillion in November and December, an increase of 3.7% to 4.2% compared with last year. Retailers rung up $976 billion in holiday sales last year, or a 4.3% increase from the prior year, the group said. “We’re seeing really positive behavior and engagement from consumers,” NRF ...

Consumer sentiment tumbles close to record low in new survey

NEW YORK — Consumer sentiment dropped to a three-year low and close to the lowest point ever recorded by the University of Michigan one month into the government shutdown, with pessimism over personal finances and anticipated business conditions weighing on Americans. The November survey showed the index of consumer sentiment at 50.4, down a startling 6.2% from last month and it plunged nearly 30% from a year ago. Economists were caught off guard. Those polled had expected a slight month-to-month increase for a reading of 54.2. “With the federal government shutdown dragging on ...

Peloton recalls nearly 878,000 exercise bikes

Peloton is recalling nearly 878,000 exercise bikes in the U.S. and Canada — due to seat posts that can break during use and pose fall hazards. Notices from the U.S. Consumer Product Safety Commission and Health Canada on Thursday say the recall affects certain “Peloton Original Series ...

MCA acquires ComPros Inc.

SPARTANBURG, S.C. MCA acquires ComPros Inc. Mobile Communications America Inc., a national leader in integrated communication, connectivity and security solutions, has acquired ComPros Inc., a distinguished Motorola Elite Service Provider. This partnership marks MCA’s strategic expansion into Pennsylvania, adding two new solution centers in Altoona and Chambersburg. For more than 70 years, ComPros Inc. has built a legacy of excellence in voice communications, earning the trust of communities and public safety organizations across more than 20 counties. Restaurants honor ...

Briefcase: Business news of local interest

AT&T adds new cell sites AT&T has added new cell sites across Pennsylvania to enhance the state’s 5G wireless coverage and capacity, enabling residents, businesses and public safety on FirstNet to get the most out of their mobile devices. Regionally, Cambria County received a new site in Westmont near St. Clair Road and Westmont Hilltop High School. Clearfield County also has a new site at Treasure Lake around Bay Road, Caymans Road and San Andres Road. Other counties receiving new sites are Berks, Butler, Chester, Cumberland, Franklin, Lebanon, Lehigh, Monroe, Montour, ...

Mansion Donut Company closes

Donut shop closes Mansion Donut Company, 1402 ½ 11th Ave., has closed its doors after three years in business. “This is the end of one chapter and the move is only the beginning of another,” owner Brian Detwiler posted on their Facebook page. JOHNSTOWN Concurrent Corp. recognized Concurrent Technologies Corporation has been officially certified by Great Place To Work, a globally recognized authority on workplace culture. This recognition is based entirely on what employees say about their experience working at CTC. According to the Great Place To Work Trust Index Survey, 92% ...