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Editor’s Pick
  • Economy
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Categories Editor's Pick

Bank of America CEO says U.S. consumers and businesses have turned cautious on spending

Author May 31, 2024

U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according to Bank of

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Categories Editor's Pick

IRS announces Direct File as permanent free tax-filing option starting next year

Author May 31, 2024

The Internal Revenue Service announced Thursday that its experimental Direct File free tax-filing option for simplified tax returns would become a permanent

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Categories Editor's Pick

Orange juice prices are going through the roof — forcing some makers to consider alternative fruits

Author May 31, 2024

Orange juice prices have climbed to fresh all-time highs amid persistent supply constraints, pushing the industry into crisis mode and forcing some makers

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Categories Editor's Pick

McDonald’s exec says average menu item costs 40% more than in 2019

Author May 31, 2024

A top McDonald’s executive is weighing in on claims that the company has jacked up its prices. Joe Erlinger, president of McDonald’s USA, said in an

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Categories Editor's Pick

Walgreens announces price cuts on 1,300 items amid ongoing consumer spending fatigue

Author May 30, 2024

Walgreens announced Wednesday it would continue to cut prices on 1,300 items — making it the latest company to pivot to value

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Categories Editor's Pick

Inflation pressure lingering from pandemic is keeping Fed rate cuts on pause

Author May 30, 2024

WASHINGTON — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks

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Categories Editor's Pick

American Eagle profit soars, but sales grow slower than expected

Author May 30, 2024

American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still,

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Categories Editor's Pick

Weekly mortgage demand drops to three-month low as rates begin climbing again

Author May 30, 2024

After a brief pullback during much of May, mortgage rates began rising again last week. That had an immediate impact on what

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Categories Editor's Pick

Stellantis CEO says $25,000 Jeep EV coming to the U.S. ‘very soon’

Author May 30, 2024

Stellantis plans to offer a $25,000 all-electric Jeep vehicle in the U.S. “very soon” to better attract mainstream consumers amid slower-than-expected electric vehicle

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Categories Editor's Pick

FTX exec who turned on Sam Bankman-Fried sentenced to 7.5 years in prison

Author May 30, 2024

Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or seven and a half

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