Macy's CEO is 'cautious' about consumer spending after seeing dip in self purchases
During an interview during NRF 2023: Retail’s Big Show, Macy's CEO Jeff Gennette said gift giving periods 'were quite strong' but that there was a decrease in self purchases.
FAA outage caused by personnel who 'failed to follow procedures'
The Federal Aviation Administration's outage that led to flight delays and cancellations across the U.S. was due to the actions of personnel who "failed to follow procedures."
'Quiet hiring': What it means for America’s workforce
Quiet hiring has been a tactic utilized by employers for decades but now, companies are leaning on it more than ever in order to weather the uncertain economy.
Inflation may have eased, but a 'number of factors' will make it 'tick back up' this year: Former WH economist
Former Council of Economic Advisers acting Chairman Tyler Goodspeed discusses how inflation could look in 2023 following the release of the December CPI.
Egg prices rise more than 64% in some states
The cost of eggs in November more than doubled what it was a year ago, according to recent data from the Bureau of Labor Statistics. Egg prices have gone up in part because of bird flu.
Best places to work in 2023, according to Glassdoor: Tech still king of the list
Glassdoor's Best Places to Work 2023 list features employers across multiple industries, including technology, finance and real estate.
American Gas Association fires back on potential gas stove ban: 'Not substantiated by sound science'
The American Gas Association pushed back against a potential gas ban calling the removal of the appliance "reckless" and "not substantiated by sound science."
Goldman Sachs to lay off as many as 3,200 employees this week
Goldman Sachs plans to lay off more than 3,000 employees this week, a source familiar with the matter said. However, the firm will still continue to strategically hire.
Credit card debt on the rise: Here’s the ‘best weapon in your arsenal’ to fight it
LendingTree chief credit analyst Matt Schulz discussed how to battle credit card debt amid high inflation.
Restaurant owners fear less profitability as food, labor costs weigh: ‘We are scared’
A significant number of restaurant operators in the U.S. expect to make less profit in the new year, according to a recent report from the National Restaurant Association.
E-commerce giant cancels 76,500 hours of meetings in new year
Shopify Chief Operating Officer Kaz Nejatian said in an internal letter sent to employees that it will be clearing out over 76,000 hours of meetings in the new year.
Stitch Fix to cut 20% of salaried jobs, CEO stepping down
Stitch Fix is working to create a "more nimble organization" as it seeks to become more viable during the economic downturn. As part of this transition, its CEO is stepping down.
Natural gas prices ‘sporadic and may begin toppling’
The price of natural gas has been turbulent since the early days of the pandemic, but a recent shift in winter weather could steady the energy sector
Vimeo to lay off 11% of workforce citing 'deterioration in economic conditions'
Vimeo on Wednesday became the latest company to announce a reduction in its workforce due to deteriorating economic conditions. The cuts will impact nearly every department.
Salesforce to lay off 10% of workforce to cut costs amid economic downturn
Salesforce said it will trim its workforce by 10% after hiring too many people leading into the economic downturn. CEO Marc Benioff says he is taking responsibility for this.
S&P energy sector’s record 2022 performance ‘built on downfall of others’
The S&P 500’s energy sector was boosted by rising oil prices as other sectors suffered amid inflation and weakened economy
Finland gets floating LNG terminal to replace Russian gas
As Finland looks to distance itself from Russia and join NATO, it sees energy security as an important step and LNG capacity is crucial to independence.
Real estate in 2023: Best, worst locations to move to in the new year
Experts offer insights into what parts of the country are best to move to if you're looking to get the most bang for your buck in the real estate market in 2023.
Gas prices could rise back to $4 per gallon as early as May 2023, Gasbuddy says
A new projection from GasBuddy suggests that gas prices will decrease next year after record highs in 2022, but they could still hit $4 per gallon by May.
US emergency oil stockpiles drop to lowest level since 1983 as gas prices tick up
The nation's emergency oil stockpile managed by the Energy Department declined to its lowest level in 39 years last week as gas and oil prices increased, federal data showed.