It’s finally here: the long-predicted consumer pullback. Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. And even stalwart McDonald’s said it has adopted a “street-fighting mentality” to compete for value-minded diners. For months, economists have been predicting that…
Amazon says it is getting even more packages to customers in one day or sooner, a metric the e-retailer is…
People looking to buy or sell a home this spring are paying close attention to mortgage rates. The average…
Since retiring two years ago, Joan Harris has upped her travel game. Once or twice a year, she visits…
Walmart will close all 51 of its doctor-staffed health clinics as part of an announcement that its Walmart Health…
McDonald’s reported mixed quarterly results Tuesday as its reorganization weighed on its profit and boycotts hurt its Middle Eastern sales. The company…
Walmart is debuting a new grocery brand, as the discounter tries to retain the shoppers it has attracted during a…
Paramount Global CEO Bob Bakish is stepping down, the company announced Monday, as merger negotiations with Skydance Media continue. Bakish climbed…
The wealth gap between rich millennials and the rest of their age group is the largest of any generation,…