Kohl’s Corp. on Monday said Tom Kingsbury would step down as its chief executive in January and that it would bring aboard a digitally-focused veteran of Walmart Inc. and Michaels to lead the department-store chain, as it deals with enduring consumer wariness over higher prices.

U.S. stocks tend to post “solid” returns during Thanksgiving week, with even stronger gains during presidential election years, according to BofA Global Research. 

With Scott Bessent, consumers eyeing prices and interest rates are getting a Treasury Secretary pick who is deeply aware of the big-picture forces pushing and pulling those everyday costs, experts say.