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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Business
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Business
Private payrolls increased by 192,000 in April, more than expected for resilient labor market
Private payrolls increased at a faster than expected pace in April, indicating there are still plenty of tailwinds for the U.S. labor market,…
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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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Business
Trump tariffs, tax cuts and interest rates likely to fuel inflation, Wall Street and economists agree
Former President Donald Trump is building a second-term economic agenda that analysts say could reheat the very inflation that he has slammed President Joe Biden for creating. “I call…
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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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Business
Amazon says more packages are arriving in a day or less after hefty investment in speedy fulfillment
Amazon says it is getting even more packages to customers in one day or sooner, a metric the e-retailer is promoting to customers as…
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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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Walmart is debuting a new grocery brand, as the discounter tries to retain the shoppers it has attracted during a period of high inflation.…
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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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Business
As home sellers and buyers wait on a Fed cut, here’s how mortgage rates have affected the spring housing market
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…