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Categories Economy

FTC bans fake online reviews, inflated social media influence; rule takes effect in October

Author August 15, 2024

The Federal Trade Commission on Wednesday voted unanimously to ban marketers from using fake reviews, like those generated with AI technology, and other misleading practices to

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Categories Economy

What recession? Walmart says consumers are still spending

Author August 15, 2024

Walmart remains cautious about the financial health of its shoppers, but executives at the retail giant do not see a full-blown downturn

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Categories Economy

Mortgage refinancing surges 35% in one week as interest rates hit lowest level in over a year

Author August 15, 2024

It appears to have taken a few weeks for current homeowners to realize mortgage rates had dropped dramatically. And when they did, they acted. Applications

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Categories Economy

Surging grocery prices have settled down, but shoppers are still adjusting

Author August 15, 2024

Grocery price growth, once the scourge of the post-pandemic inflation surge, has finally settled down. On Wednesday, the Bureau of Labor Statistics reported

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Categories Economy

Inflation rate falls to 2.9% in July, adding to signs that surging prices have abated

Author August 15, 2024

Consumer price growth in July slowed to its lowest post-pandemic level, a sign that the surging inflation that has gripped the U.S.

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Categories Economy

Some experts have raised the odds of a recession. Here’s how much you should have in emergency savings.

Author August 15, 2024

As investors face economic uncertainty, financial advisors have guidelines for how much cash they should have set aside. Despite second-quarter economic growth, nearly 60% of Americans wrongly

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Categories Economy

Wizz Air launches $550 ‘all you can fly’ annual subscription pass

Author August 15, 2024

LONDON — Travelers in Europe can now take unlimited flights for 499 euros ($550) a year under a new travel subscription service

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Categories Economy

A U.S. construction boom is sending rents lower and creating perks for renters

Author August 14, 2024

A construction boom in the U.S. has resulted in lower rents and other benefits for renters. Record-construction activity since the pandemic has increased the supply

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Categories Economy

Mars to acquire snack maker Kellanova in $36 billion deal

Author August 14, 2024

Mars will acquire Kellanova for $35.9 billion in cash, tying together some of the largest U.S. candy and snack brands, the companies announced Tuesday. The M&M owner Mars

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Categories Economy

Why Wall Street thinks Brian Niccol is the person to revive Starbucks — and end the Howard Schultz era

Author August 14, 2024

Wall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decadeslong Howard

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