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Browsing: Business

Business

Nike CEO reportedly admits frustration as profits fall, warns of more declines: ‘I’m so tired’

Nike Inc. delivered a disappointing outlook this week, sending its shares sharply lower and prompting CEO Elliott Hill to acknowledge growing internal...

Business

NY Fed president John Williams warns Iran-driven oil spike could ripple through economy

Federal Reserve Bank of New York president John Williams warned that the effects of the Iran war on energy prices could spread across multiple sectors...

Business

Red Lobster looks to revive 'Endless Shrimp' after promotion helped sink finances: report

Red Lobster is reportedly weighing the return of its popular "Endless Shrimp" promotion as part of a broader push to revive sales following its 2024 b...

Business

Retirement 'magic number' jumps as Americans grow anxious about their financial futures

The "magic number" that Americans believe they need to have saved for retirement jumped from a year ago as some express anxiety about their retirement...

Business

Retired? Here’s when the IRS might take a closer look at your finances

American retirees may be done with their working careers, but they may still face the scrutiny of an IRS audit if their tax return raises red flags.Da...

Business

Mortgage rates rise for fifth straight week as Iran war continues to roil markets

Mortgage rates rose this week as the conflict in Iran continues to weigh on markets, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Pri...

Business

McDonald's goes all-in on affordability: Full menu revealed for new under $3 and $4 deals

McDonald’s isn’t playing chicken with the competition anymore.On Thursday, the fast-food giant announced the full lineup of its revamped McValue menu,...

Business

One year later, Trump tariffs generated billions as refunds take shape

One year ago, President Donald Trump launched sweeping global tariffs, ratcheting up trade tensions and fueling new concerns about the U.S. and global...

Business

Americans map out summer travel as mountain town claims No. 1 spot

Some Americans are already locking in their summer travel plans, and this year’s top destination may come as a surprise.New data from AirDNA, which tr...

Business

Major grocery chain closes more stores, cuts jobs as post-merger fallout deepens

Albertsons is closing additional stores and cutting jobs nationwide as it works to stabilize operations following the collapse of its $24.6 billion me...

Business

Credit card interest rate cap could reduce access for over 100 million Americans, analysis finds

A new analysis finds that a 10% credit card interest rate cap would shrink access to credit, affecting well over 100 million American cardholders in t...

Business

Hershey to return to classic Reese’s recipe after founder’s grandson criticizes brand

The Hershey Company plans to tweak the chocolate used in a small portion of its Reese’s and Hershey’s products following criticism from a descendant o...