Walgreens plans store closures as CEO says consumers ‘stunned’ by prices
Walgreens is planning potentially sweeping store closures as it faces what its CEO called a “challenging” environment for pharmacies and U.S. consumers. The
Key fed inflation gauge cools to its slowest rate in over three years
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more
TSA airport screenings hit an all-time high
If you were looking for a sign of weakness in the U.S. economy, you’re not going to find it at the airport. The
Amazon plans to launch discount store in bid to fend off Temu and Shein
Amazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that will allow Chinese sellers to
Inflation vs. wages: How rising prices stack up against growing pay
It’s a key question on voters’ minds heading into Thursday night’s presidential debate: How far does my dollar go in 2024? The short
Amazon reaches $2 trillion market cap for the first time
Amazon shares climbed more than 3% in intraday trading on Wednesday, pushing the company’s market cap past $2 trillion for the first time. In
The ‘funflation’ effect: Why Americans are spending on travel and entertainment
Even while carrying $1.13 trillion in credit card debt, many Americans are still willing to splurge on travel and entertainment. But this summer it will cost
Rivian secures up to $5 billion from Volkswagen; shares soar 40%
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion
Sixteen Nobel Prize-winning economists warn a second Trump term would ‘reignite’ inflation
Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve