The retail store, known for supplying customers with everything they need to plan the perfect party, will be closing all of its stores after running out of money to stay in operation, according to CNN.
Read More Party City Shutters Doors After 40 Years Of Business
Retailers including Target and Walmart are stocking shelves with more toys and gifts that cost less than $10 this holiday season, a strategy aimed at attracting cash-strapped shoppers.
Read More Seeing low-income consumers squeezed, retailers target $10 and under gifts
The Fed cut interest rates by 25 basis points to 4.25%-4.5% and continues reducing its debt holdings.
Read More Fed Cuts Rates To 4.25%-4.5% Amid Inflation Fight, Housing Costs Remain High
President-elect Donald Trump rang the opening bell at the New York Stock Exchange Thursday vowing to make the American economy great again and showed praise for his wife, Melania, as a “great” and “popular” first lady.
Read More Trump Rings Opening Bell At NYSE With Melania And Daughters, Framed By Time ‘Person Of The Year’ Cover
More people continued to collect unemployment checks at the end of November relative to the beginning of the year as demand for labor cools.
Read More US weekly jobless claims unexpectedly rise
Inflation rose for the second consecutive month in November, with the Consumer Price Index (CPI) showing a 2.7% annual increase—still above the Federal Reserve’s 2% target.
Read More Inflation Climbs To 2.7% Amid Rising Food And Gas Prices