Paramount plans to cut thousands of U.S. jobs: 'These are difficult decisions to make'
Paramount executives outlined plans to cut 15% of the company’s U.S. workforce.
Dow drops 1K points, Japanese stocks suffer worst crash since 1987
Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Parents putting off bills, buying groceries to pay for back-to-school expenses, survey finds
Half of parents surveyed revealed that they plan to sacrifice necessities – such as groceries and bills – to make sure their kids are prepared for the school year.
Study ranks US states with most financially-distressed residents
WalletHub's recent study reveals the U.S. states with the most financially-distressed residents, highlighting surprising trends and economic struggles. Michigan tops the list, followed closely by Texas and Nevada.
Champagne sales down worldwide in 2024, industry executives cite lack of 'cheer'
One executive claims a lack of "cheer" worldwide caused bubbly sales to go flat in the first half of 2024, according to an earnings call this week.
Parents say schools asking too much for back-to-school supplies: Survey
Parents are expected to spend billions of dollars collectively on back-to-school shopping this year.
US economic growth increased last quarter to a healthy 2.8% annual rate
The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates.
A $1 million starter home? It’s becoming the norm in these cities
There are now 237 cities in the U.S. where the typical starter home is worth $1 million or more. Five years ago, there were only 84 such cities.
Bosses admit that return-to-office mandates were meant to make staff quit
Bosses implemented return-to-office mandates hoping their workers would quit
Home goods retailer files for bankruptcy, to close over 70 stores
The company said store closures will span 13 states.
Americans are falling behind on their car payments, data shows
Recent data from auto experts shows that Americans are struggling with car payments, with the number of defaults industrywide up in the first half of 2024.
Inflation unexpectedly fell to 3% in June
The consumer price index (CPI), a broad measure of how much everyday goods like gasoline, groceries and rent cost, dropped 0.1% in June from the previous month. It marked the first monthly decline since May 2020.
California fast food workers now earn $20 per hour - employers respond by cutting hours
In the first two months after the law passed April 1, the industry gained 8,000 jobs, compared to the same period in 2023.
US store openings currently outpace closures by 20%, report says
Several notable stores have opened new locations amid some others closing their doors. See which stores are coming to or leaving your area in 2024.
El Pollo Loco's 'crazy' drive-thru prices send woman home
Restaurants including In-N-Out, McDonald's, Wendy's, Taco Bell, Chipotle, and Burger King have all raised menu prices to offset the labor costs after California increased the minimum wage for fast food workers back in April.
California family's $444 receipt from Trader Joe's goes viral on social media: 'Insane'
The $444 grocery haul feeds a family of 8 for around 10 days, the video claims.
U.S. unemployment rate rises to 4.1% with 206,000 jobs added in June
U.S. employers added 206,000 jobs in June, exceeding expectations, with the unemployment rate rising to 4.1%, while April and May job data was revised down, average hourly earnings increased by 3.9%, and hiring was strong in government, social assistance, and health care, influencing potential Federal Reserve rate cuts.
‘Million Dollar Listing: Los Angeles’ stars warn ‘not just rich people’ affected by city’s ‘mansion tax’
In 2022, Los Angeles voters passed Measure ULA, a transfer tax nicknamed the "mansion tax," in 2022. The measure imposes a 4% charge on property sales above $5 million and a 5.5% charge on sales higher than $10 million.
Bay Area councilmember abruptly resigns, says he cannot afford cost of living
A longtime Newark city councilmember has abruptly resigned, citing the high cost of living in the Bay Area.
Hooters is closing several 'underperforming' US locations
Hooters is closing several "underperforming" restaurants across the U.S., joining a growing list of dining chains facing tough times.