Nation Oct 30 How long can the surge in U.S. consumer spending last despite higher prices? A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that…
Nation Jul 23 Elon Musk announces he is changing Twitter’s brand and logo to ‘X’ Elon Musk said Sunday that he plans to change the logo of Twitter to an “X” from the famous blue bird, marking what would be the latest big change since he bought the social media platform for $44 billion last year.
Economy Apr 23 Bed Bath & Beyond files for bankruptcy protection after failing to secure funding Bed Bath & Beyond — one of the original big box retailers known for its seemingly endless offerings of sheets, towels and kitchen gadgets — filed for bankruptcy protection, following years of dismal sales and losses and numerous failed turnaround…
Economy Apr 11 Borrowing for small businesses further constrained by interest rates, bank collapses Borrowing for small businesses was already constrained due to rising interest rates. Following the recent Silicon Valley Bank collapse, some banks may be forced to tighten credit further, since they’re seeing an outflow of deposits.
Economy Mar 15 Retail sales drop slightly in February after jump in January spending America's consumers trimmed their spending in February after a buying burst in January, underscoring the volatility of the economic environment.
Economy Dec 22 Inflation is a factor behind an increase in holiday procrastinators this year Inflation is driving many consumers to put off their holiday shopping until the last minute.
Economy Nov 25 Inflation weighs on Black Friday shoppers Shoppers eager to start holiday shopping but weighed down by inflation are hunting for the best deals at stores and online this Black Friday.
Economy Oct 26 Low-wage workers bear financial burden of denied abortions It has always been difficult to be pregnant on the job and to raise a child, but especially so for low-wage workers. They are more likely to work in physically demanding roles with fewer labor protections and less flexibility than…
Economy Aug 29 Walmart seeks to dismiss FTC lawsuit over money transfers used by scam artists Walmart has filed a motion to dismiss a lawsuit by the Federal Trade Commission that accuses the retailer of allowing its money-transfer services to be used by scam artists.
Economy Aug 17 July retail sales were flat, as customers weather inflation The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously.