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Categories Business

Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald’s

Author May 2, 2024

It’s finally here: the long-predicted consumer pullback. Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday.

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Categories Business

Private payrolls increased by 192,000 in April, more than expected for resilient labor market

Author May 2, 2024

Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor

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Categories Business

DJT shares close down more than 9% as Trump Media hot streak stalls

Author May 2, 2024

Trump Media shares dropped sharply Wednesday, closing down by more than 9.5%. Trump Media, which trades under the DJT ticker, closed at $45.16 per share, a

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Categories Business

Affluent Americans are driving U.S. economy and likely delaying need for Fed rate cuts

Author May 1, 2024

Since retiring two years ago, Joan Harris has upped her travel game. Once or twice a year, she visits her two adult children

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Categories Business

Amazon says more packages are arriving in a day or less after hefty investment in speedy fulfillment

Author May 1, 2024

Amazon says it is getting even more packages to customers in one day or sooner, a metric the e-retailer is promoting to customers

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Categories Business

As home sellers and buyers wait on a Fed cut, here’s how mortgage rates have affected the spring housing market

Author May 1, 2024

People looking to buy or sell a home this spring are paying close attention to mortgage rates. The average 30-year, fixed-rate mortgage rose

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Categories Business

Walmart to close 51 clinics as it shutters its entire Walmart Health division

Author May 1, 2024

Walmart will close all 51 of its doctor-staffed health clinics as part of an announcement that its Walmart Health initiative is shutting

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Categories Business

McDonald’s rising prices pushing some diners away

Author May 1, 2024

McDonald’s reported mixed quarterly results Tuesday as its reorganization weighed on its profit and boycotts hurt its Middle Eastern sales. The company also continues to see

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Categories Business

Walmart launches new grocery brand as it tries to hang on to inflation-fueled growth

Author May 1, 2024

Walmart is debuting a new grocery brand, as the discounter tries to retain the shoppers it has attracted during a period of high

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Categories Business

Paramount says CEO Bob Bakish is stepping down, will be replaced by a trio of executives

Author May 1, 2024

Paramount Global CEO Bob Bakish is stepping down, the company announced Monday, as merger negotiations with Skydance Media continue. Bakish climbed the corporate ladder after

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