Morning Business Report: Businesses brace for slower hiring as retailers raise return fees
Companies across the U.S. are preparing for a leaner year ahead, with many planning to slow hiring or hold steady on staffing levels in 2026.
(LILAMAX)- Companies across the U.S. are preparing for a leaner year ahead, with many planning to slow hiring or hold steady on staffing levels in 2026.
According to new projections from job site Indeed, hiring growth is expected to remain modest. At a recent gathering of business leaders hosted by the Yale School of Management in Midtown Manhattan, 66 percent of CEOs surveyed said they plan to either reduce staff or maintain current workforce levels next year. Only about one-third said they expect to hire.
Consumers may also feel the pinch when it comes to returns this holiday season. Several major retailers are now charging fees for mail-in returns — a service that was once free. Macy’s now charges $9.99 for mailed returns, while TJ Maxx and Marshalls have raised their fee to nearly $12.
Retail analysts say the shift is partly driven by higher costs tied to new U.S. import tariffs. Happy Returns co-founder David Sobie says retailers are under increasing pressure to manage expenses while maintaining profitability.
On Wall Street, stocks closed slightly lower Friday during light trading. Markets are operating on a shortened schedule this week, with U.S. exchanges closed Thursday in observance of New Year’s Day.
Looking ahead to 2026, technology could play a bigger role in helping people meet personal goals. New AI-powered health tools are moving beyond basic step tracking to offer personalized insights into nutrition, sleep, and glucose levels. Developers say these tools could help users identify behavior patterns and make lasting lifestyle changes.
And as engagement season peaks, new data from The Knot shows December remains the most popular month for proposals. While engagement rings have traditionally been paid for by men, nearly 71 percent of women now say they’re willing to contribute financially. About 19 percent say they would pay the full cost, while another 23 percent would help cover part of it.
