Americans Soured on U.S. Economy in June
The rise in how Americans view the U.S. economy didn’t last long.
According to the Conference Board, the way Americans see the economy dropped in June, one month after a...
Fed Chair Stands His Ground on Rate Cuts
For weeks, Federal Reseve Chair Jerome Powell has been under intense pressure from President Donald Trump and some Republican lawmakers to lower interest rates.
But despite name-calling and even a...
Kroger Closing 60 Stores Around the U.S.
In what the company says is an effort to boost profits and increase efficiency, Kroger plans to close some 60 U.S. grocery stores over the next 18 months.
The Cincinnati-based...
Retail Sales Drop as Consumers Pull Back on Spending
Earlier in the year, American consumers were spending money more freely in an attempt to be ready for sweeping tariffs being put in place by the White House.
Not so...
Unemployment Claims Drop to 245,000
After a couple of weeks of rising first-time unemployment claims, fewer Americans applied for assistance last week.
According to statistics released by the Labor Department, the number of U.S. workers...
Fed Leaves Key Interest Rate Unchanged
Despite pressure from the White House to cut interest rates, Federal Reserve officials decided again to leave rates where they are for now, while indicating at least a couple...
GM to Invest $4 Billion in its U.S. Manufacturing Plants
General Motors announced plans to invest about $4 billion over the next two years in its domestic manufacturing plants to increase U.S. production of both gas and electric vehicles.
The...
Door Dash Buying Advertising Tech Firm for $175 Million
DoorDash Inc. is buying advertising tech firm Symbiosys for $175 million, bolstering an ad business that now generates more than $1 billion annually.
Symbiosys, founded by former Google ads product...
First-Time Jobless Claims Remain at 8-Month High
It was a good news-bad news week in terms of first-time filings for unemployment benefits.
The good news is the number of Americans filing for benefits didn’t increase (it stayed...
U.S. Economy Adds 139,000 Jobs in May
The U.S. economy added more jobs than many analysts had reportedly expected, but the job growth overall is still slowing down.
Employment data released Friday by the Bureau of Labor Statistics...
Study: Businesses Raised Prices Soon After Tariffs Hit
Despite assurances from the White House that the cost of its varying tariff policies would be borne by companies, a study by the Federal Reserve Bank of New York...
Unemployment Claims Rise to Highest Level since October
In historical context, the numbers of Americans filing first-time unemployment benefits is still relatively low.
But they’re on the rise.
Filings for unemployment benefits rose to their highest level in eight...
Oreo Maker Sues Aldi’s Over Packaging
Someone’s cookie is about to crumble.
In a lawsuit filed this week in Chicago, snack-food maker Mondelez International – which makes such treats as Nutter Butter and Oreo sandwich cookies...
‘Highly Engaged Team’ Key to OxBlue’s Success
A successful onboarding process and keeping staffers 'highly engaged' has led to success for tech firm OxBlue.
Stellantis Taps Antonio Filosa as New CEO
Amsterdam — Stellantis N.V. announced that its Board of Directors has unanimously selected Antonio Filosa as its new Chief Executive Officer following a thorough search process of internal and external...
Businesses Absorbing First Wave of Tariff Increases
The economic calendar was light this week.
Existing home sales likely rose in April despite lower consumer confidence. However, new home sales likely took a breather following an outsized increase...
Levi Strauss Sells Dockers to Authentic Brands Group For Up to $391 Million
SAN FRANCISCO (Business Wire) -- Levi Strauss & Co. and Authentic Brands Group announced that they have entered into a definitive agreement for LS&Co. to sell Dockers to Authentic...
Target Sales Fall in 1st Quarter, Could Drop For the Rest of 2025
Officials at Target were already expecting less-than-stellar news about first-quarter sales, but apparently it was worse than anticipated.
Target announced earlier this week that sales fell more than had been...
Microsoft Laying Off 6,000+ Employees
Microsoft officials said this week the company is cutting 3% of its global workforce. The force reduction, which equates to more than 6,000 jobs, is part of an effort...
Unemployment Applications Hold Steady
First-time applications for jobless benefits remained steady in the face of the on-again, off-again nature of changing U.S. tariff policy.
According to the Labor Department, the number of Americans applying...
