California restaurant owner potentially facing more closures
Mollie Engelhart had to close down three Sage Regenerative Kitchen restaurants in Los Angeles. She is worried she will have to shutter the final two which are 'barely hanging on.'
US economy grew 2.8% in the third quarter, slower than expected
The U.S. economy grew at a 2.8% annual rate in the third quarter, according to Commerce Department data released Wednesday. That pace is slightly slower than what economists forecasted.
Private sector job growth surges in October, ADP says
Companies in the private sector added 233,000 jobs in October, payroll processing firm ADP said on Wednesday. The figure was well above economists' estimates.
Job openings tumble more than expected to the lowest since January 2021
The Labor Department's JOLTS report for September showed fewer job openings than expected, with the number of unfilled positions at its lowest level since January 2021.
US airlines have to automatically refund travelers for canceled, 'significantly changed' flights: What to know
The Department of Transportation announced that its automatic refund rule has taken effect, making it easier for passengers to understand when they can obtain a refund.
JPMorgan Chase's Jamie Dimon says 'time to fight back' against bureaucrats
JPMorgan Chase's Jamie Dimon was interviewed during an annual bankers convention in New York City, where he discussed an "onslaught" of regulation.
Tom Holland's Bero taps into surging non-alcoholic beer market
The non-alcoholic beer market has rapidly grown in recent years with some industry experts saying the segment may continue to grow much faster than regular beer.
Spirit Airlines plans to sell planes, cut jobs
Spirit Airlines announced in a regulatory filing this week that it agreed to sell some of its planes and plans to cut its workforce as it seeks to raise cash.
Amazon brings gas benefit to Prime membership
E-commerce giant Amazon on Wednesday brought a fuel savings benefit to its Prime membership that will knock 10 cents off each gallon of gas they purchase at about 7,000 U.S. gas stations.
Existing home sales fall to lowest level since 2010
Sales of previously owned homes dropped to a 14-year low in September, as rising mortgage rates and high home prices continue to fuel an affordability crisis.
Target cutting prices on 2,000 items ahead of holiday shopping season
Target is implementing price cuts on thousands of its in-house and national brand items in an effort to drive traffic at its stores and online during the holiday season.
McDonald's is in the spotlight lately: what is the hourly pay for employees?
McDonald's raised wages for its employees at corporate-owned restaurants over the past three years. It pledged that company-owned restaurants would increase to $15 an hour by 2024.
Buybuy Baby closing all stores, shifting to online-only business model as part of 'strategic reset'
Buybuy Baby, once owned by Bed Bath & Beyond, is shuttering all of its physical stores and shifting to an online-only business model as part of a "strategic reset."
Blue state regulators could hike price at pump just days after election, GOP lawmakers warn
Californians, already facing the nation's highest gas prices, may see more pain at the pump if the California Air Resources Board's proposed changes to the low carbon fuel standard pass.
Colsen fire pits sold at Amazon, Walmart recalled after multiple burn injuries: report
The U.S. Consumer Product Safety Commission on Thursday announced that approximately 89,500 Colsen-branded fire pits have been recalled after a couple of dozen people have been injured from flames escaping the container.
Where was inflation the highest in September? Boston and Chicago ranked near the top
Americans are facing vastly different rates of inflation depending on where in the U.S. they live, as the Northeast and Midwest regions experienced faster price growth in September.
Major paint company to lay off 1,800 workers, close facilities
PPG is cutting nearly 2,000 jobs in the U.S. and Europe as it undergoes a comprehensive cost reduction program. It's also selling its architectural business.
Retail sales show solid increase in September
Retail sales rose by more than expected in September, with an increase of 0.4% exceeding economists expectations as the consumer showed signs of continued strength.
Airbnb unveils new co-host network to boost number of listings on platform
Airbnb released a number of updates on Wednesday, including a new co-hosting network aimed at increasing the number of listings available on the platform.
American consumers see debt delinquency risk rising, higher long-term inflation: NY Fed
The New York Fed found that consumers' expectations about missed debt payments edged higher in September for the fourth consecutive month, as some may face increased budget pressures.