EV maker Nikola files for Chapter 11 bankruptcy protection
EV maker Nikola Corporation filed for Chapter 11 bankruptcy protection on Wednesday after the embattled company faced “significant" macroeconomic challenges.
JPMorgan's new NYC headquarters to offer jaw-dropping employee perks
JPMorgan Chase is opening a new headquarters in New York City later this year. It will feature numerous perks as employees are mandated to return to the office.
Court blocks Biden admin's airline fee transparency rule: What passengers should know
The United States Court of Appeals for the Fifth Circuit recently blocked the airline junk fee rule that the DOT says would have saved consumers $500 million annually.
Buying chocolate on Valentine's Day? Here's why it's so expensive
Cocoa production has been hammered in back-to-back crop years due to weather and crop conditions,. forcing many manufacturers to raise the costs of chocolates.
Major crafts retailer plans to close hundreds of locations
Joann, an Ohio-based crafts retailer, is trying to shutter more than half of its 800 locations nationwide as it restructures under the Chapter 11 bankruptcy process.
US producer prices rise slightly above expectations in January
The producer price index for final demand rose 0.4% last month after an upwardly revised 0.5% gain in December, the Bureau of Labor Statistics said on Thursday.
JCPenney set to close stores in 2025: Here are the locations
JCPenney is shuttering a handful of locations throughout the country. The company cited "expiring lease agreements" and "market changes" for the reason behind the closures.
Trump calls for lower interest rates to go 'hand-in-hand' with tariffs: 'Lets rock and roll, America'
President Trump's comments come a day after Fed Chairman Jerome Powell said on Capitol Hill that the central bank doesn’t need to “hurry" to lower interest rates.
Can Bed Bath & Beyond pull off a comeback?
Bed Bath & Beyond is making a comeback to stores thanks to a $25 million investment deal with Kirkland's. Industry experts are still questioning whether the brand will survive.
Boom Supersonic says XB-1 aircraft flew over Mach 1 with no audible sonic boom on the ground below
Boom Supersonic says its XB-1 aircraft achieved supersonic flight without an audible sonic boom on the ground below. CEO Blake Scholl hopes supersonic passenger flight will eventually be allowed in the U.S.
Egg surcharge hits diners' wallets: Experts say consumers should fear menu price hikes more
Surcharges are never welcomed by consumers, but restaurant industry experts argue they are better than overall menu increases, which don't always come down.
Private sector adds 183K jobs in January, above expectations, ADP says
Companies in the private sector added 183,000 jobs in January, payroll processing firm ADP said on Wednesday. The figure is above economists' estimates of 150,000 jobs.
Trump tariffs could impact biggest US meat producer
Tyson Foods is implementing contingency plans for President Trump's looming tariffs that could take effect in a month if Canada and Mexico don't strike a final deal with the U.S.
How Trump's tariffs could affect the price of popular foods
The broader impact of President Trump's tariffs could cause food prices in the U.S. to rise at a time when grocery prices are still a pain point, experts say.
Inflation gauge favored by Fed showed price growth picked up in December
The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in line with economists' expectations.
Trump tariff threats on Canadian oil could impact three US regions, gas analyst says
Patrick De Haan, head of petroleum analysis at GasBuddy, warned Americans in the Midwest, the Rockies and the Great Lakes regions may be most affected by tariffs on Canada.
US economy grew 2.3% in the fourth quarter, slower than expected
The U.S. economy grew at a rate of 2.3% in the fourth quarter of 2024, according to a new estimate released by the Commerce Department's Bureau of Economic Analysis.
National Plan for Vacation Day encourages Americans to arrange travel plans
A travel expert speaks on National Plan for Vacation Day about happenings at Disney parks this year and the importance of Americans using their time off.
Vice President JD Vance pressed on when grocery prices will come down: 'Which one lowers prices?'
Vice President JD Vance was pressed on Sunday during an interview about when grocery prices would come down for Americans following President Trump's first week in office.
Trump wants to fix the housing affordability crisis: What it will take
The Trump administration announced plans to make housing more affordable, citing regulatory requirements as a main driver for why so Americans are unable to purchase homes.