How much shrink and retail theft cost Lowe’s, Target, Macy’s
A range of retailers are again blaming shrink as one of the reasons they saw another quarter of lackluster profits. But some of those companies have started to offer more detail than ever on how much shrink, or items lost to factors like external or employee theft, damage or vendor fraud, is cutting into their […]
Supreme Court asked to decide abortion pill case
Mifepristone, also known as RU-486, is a medication typically used in combination with misoprostol to bring about a medical abortion during pregnancy and manage early miscarriage. Soumyabrata Roy | Nurphoto | Getty Images Drug company Danco Laboratories on Friday asked the Supreme Court to review the case challenging the legality of the abortion pill mifepristone. […]
Supreme Court asked to decide abortion pill case
Mifepristone, also known as RU-486, is a medication typically used in combination with misoprostol to bring about a medical abortion during pregnancy and manage early miscarriage. Soumyabrata Roy | Nurphoto | Getty Images Drug company Danco Laboratories on Friday asked the Supreme Court to review the case challenging the legality of the abortion pill mifepristone. […]
10-year Treasury yield seen falling as Fed is likely to cut rates more than expected in 2024, says Capital Economics
The yield on the U.S. 10-year Treasury note, which stands near a 16-year high, is likely to fall significantly for the rest of the year and in 2024, according to economists at Capital Economics. Rising treasury yields have recently put pressure on U.S. stocks, as investors expect interest rates to stay elevated for longer. The […]
Stellantis offers 14.5% pay raise to UAW, days before possible strike
Demonstrators during a United Auto Workers (UAW) practice picket outside the Stellantis Mack Assembly Plant in Detroit, Michigan, US, on Wednesday, Aug. 23, 2023. Jeff Kowalsky | Bloomberg | Getty Images Stellantis on Friday offered significant four-year wage increases to its hourly workers represented by the United Auto Workers, as it scrambles to avoid a […]
You should always max out your 401(k) contribution, right? Not if taxes go up.
“ Some pre-retirees can come out ahead by buying more equities in their taxable brokerage account. ” Some money management truths are self-evident: Always set aside enough cash for emergencies. Diversify your portfolio. And maximize your contributions to tax-advantaged accounts such as a 401(k) or IRA. That last one is open to debate. Even if […]
Kroger (KR) earnings Q2 2023
Good news for consumers could be bad news for Kroger. As prices that shoppers pay for groceries stabilize or fall, the supermarket operator’s sales are sagging. On Friday, the company posted fiscal second-quarter sales that missed Wall Street’s expectations. The company stuck with its full-year outlook, but said the slowing rate of inflation will mean […]
Walmart cuts starting pay for new hires who prepare online orders, stock shelves
A worker stocks the shelves at a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 and $19 an hour. Joe Raedle | Getty Images News | Getty Images Walmart has cut starting pay […]
U.S. stock futures decline as economy refuses to slow
U.S. stock futures turned lower Friday, in what’s been a difficult week in markets. What’s happening Dow Jones Industrial Average futures YM00, -0.10% fell 68 points, or 0.2%, to 34780. S&P 500 futures ES00, -0.10% fell 9 points, or 0.2%, to 4448. Nasdaq 100 futures NQ00, -0.12% dropped 0.2%, or 25 points, to 15452. On […]
Disney, Charter blackout fight persists as NFL season kicks off
Sopa Images | Lightrocket | Getty Images The kickoff to the NFL season is Thursday night, and Charter Communications doesn’t appear to be moving down the field in its negotiations with Disney. Last week, Charter and Disney’s talks over contract fees spilled into the public when they were not able to reach an agreement and […]
