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Dow slips for first losing day in nine as consumers’ expectations for inflation rise
The Dow Jones Industrial Average slipped on Monday, snapping an eight-day winning streak, as traders grappled with rising inflation expectations ahead of...
Read moreIs it time to rethink the 4% retirement withdrawal rule? Experts weigh in
When it comes to spending money in retirement, there’s one rule of thumb — the 4% rule — that has persisted for...
Read moreComcast to bundle Peacock, Netflix and Apple TV+ at a ‘vastly reduced price’
Get ready for the next cable-like streaming bundle: Comcast later this month will launch a three-way bundle — with Peacock, Netflix and Apple TV+ —...
Read moreAmazon Web Services CEO Adam Selipsky to step down
Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month, the company announced Tuesday. Matt Garman, senior...
Read moreRed Lobster closing at least 99 locations as its future comes into question
At least 99 locations of Red Lobster are being auctioned off amid questions about the stalwart seafood chain’s long-term future....
Read moreSilver lining for consumers: Food price growth has gone flat and other prices are falling
Price growth in many key consumer categories has slowed considerably or ceased altogether — but that has done little to...
Read moreFed Chair Jerome Powell says inflation has been higher than thought and expects rates to hold steady
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central...
Read moreFederal student loans this fall will have the highest interest rate in more than a decade
The interest rate on many new federal student loans is set to rise to its highest level in more than...
Read moreTarget says Pride collection will appear in ‘select’ stores, cuts LGBTQ apparel for kids
Target will limit which stores sell LGBTQ-themed products following last year’s firestorm over its decision to sell products designed for...
Read moreU.S. autoworkers union seeks tough victory at Mercedes plant in Alabama
Workers at a Mercedes-Benz plant in Alabama began voting Monday on whether to join the United Auto Workers union, a significant...
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Spirit Airlines, fresh from bankruptcy, is ready to take on the new Southwest, CEO says
Spirit Airlines is out of bankruptcy, hitting its target to emerge in the first quarter, after a crippling few years. CEO Ted...
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Donatella Versace steps down as head of Italian fashion house
Donatella Versace announced Thursday that she is stepping down as chief creative officer of Versace, ending her nearly 30-year-long stint at...
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Dollar General CEO warns consumers are cash-strapped and says 2025 won’t be better
Dollar General CEO Todd Vasos said on Thursday that inflation continues to hurt the discounter’s customers and that the macroeconomic environment...
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Chuck Schumer will vote to keep government open: ‘For Donald Trump, a shutdown would be a gift’
Senate Minority Leader Chuck Schumer, D-N.Y., says he will vote to keep the government open, warning that a shutdown has...
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