Big Lots weighing possibility of bankruptcy filing as sales dwindle
The discount retailer has faced declining sales.
Gen Z cynical about future as majority call cost of living the number one election issue
Gen Z young adults are "struggling to remain optimistic" about their economic futures, a new report says, as rising costs of living and unaffordable housing prices make them re-evaluate their dreams.
California is 'going bust,' finance expert who predicted Lehman collapse warns
Kiyosaki told users that "California is a BELL-Weather state. That means what happens in California happens to the rest of the US."
Inflation rises 2.9% in July, less than expected
Inflation fell in July to the lowest level in more than three years, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans.
Caltrain debuts brand new all-electric fleet in San Francisco
Caltrain debuted its all-electric fleet before officials, including Governor Gavin Newsom, Speaker Emerita Nancy Pelosi and Mayor London Breed. The full fleet rolls out to the public Sept. 21st.
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.